Nordic American Offshore Ltd. (NYSE:NAO) Executive Chairman Herbjorn Hansson said in the conference call that "through mergers, M&A operations, can do this more meaningful for the shareholders and for the oil companies and our customers, it is indeed a meaningful undertaking to go for mergers and combinations. We are very open to that. And I should be very careful not to disclose anything we are working on, but this has been on our agenda for long time. And as I indicated, I would expect this could happen sooner than later."