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Cove Energy, new oil offshore East Africa. (COV)     

required field - 18 Feb 2010 08:29

Took a punt on this a few months back....thanks EK...who tipped this and brought it to my attention !.....looks good for Aminex as well...

hlyeo98 - 28 Apr 2010 14:09 - 101 of 377

He's the Piped Piper.

dealerdear - 12 May 2010 11:13 - 102 of 377

Nice little rise this morning

macthicko - 14 May 2010 16:36 - 103 of 377

Where did this clown "hlye" come from? sunshine, get a life. This company has been transformed in the last couple of weeks. Just for your info - a very interesting note has been issued today with a buy recommendation - target price??? Guess what??? yeah, you got it - 100p!!! good luck all holders!

macthicko - 14 May 2010 16:39 - 104 of 377

sorry - forgot to include the source of the buy recommendation - Panmure Gordon.

halifax - 14 May 2010 17:10 - 105 of 377

oh no not a brokers buy note time to sell!

macthicko - 14 May 2010 17:19 - 106 of 377

LOL! ; )

HARRYCAT - 09 Jun 2010 11:33 - 107 of 377


Pan Gor broker note:
"Cove is an oil and gas play with interests in Tanzania and Mozambique. It is a virtual company in terms of the very limited number of personnel employed full-time within the business. The philosophy of management, fronted by John Craven ex CEO of Petroceltic, is one of seeking low capex-high value projects. Cove will support projects in exploration, appraisal, and as they move into development, but will sell their interests on to others before production. Young basins are sought, in terms of evidence of a working petroleum system, whilst there is also a preference for emerging basins, given their better terms and better prospects. Strong seismic is required to de-risk projects whilst joint ventures will be sought with good operators and, with regard to the latter, Cove has done very well to partner with the Texas-based Anadarko (c. $35bn market cap). The US giant is running the drill programme, but Cove has an 8.5% interest in its exciting off-shore Mozambique prospects, and this has prompted our involvement in the story, initially via a placing at 40p announced on the 11th March.
Then on the 20th April, Cove announced that the second well in the off-shore Mozambique drilling programme, Collier 1, had been suspended "for safety reasons" due to high pore pressures in the well. The partners in the drilling programme opted to move the Belford Dolphin drillship to drill other prospects (Ironclad and Barquentine) whilst they work out how to handle the pressure. The market has reacted poorly to this, undeservedly in our opinion, since it likely just reflects inadequate equipment on board the rig to deal with the issue and Collier will be revisited at a later date. In the meantime focus will next move to the Ironclad (oil) prospect some 30kms south-west of Collier."

dealerdear - 09 Jun 2010 11:38 - 108 of 377

Perhaps it is the broker note which has suddenly moved the sp up 30%

mitzy - 09 Jun 2010 12:41 - 109 of 377

At last.

mitzy - 09 Jun 2010 12:41 - 110 of 377

At last.

required field - 09 Jun 2010 12:50 - 111 of 377

Nice burst.....long may it last...

TheFrenchConnection - 09 Jun 2010 16:39 - 112 of 377

some comparitively large buys in out of hours trading in the past few days - well above offer price . Looking good. ....something is afoot ...

aldwickk - 09 Jun 2010 17:23 - 113 of 377

Something is afoot with AMER as well

TheFrenchConnection - 14 Jun 2010 09:15 - 114 of 377

looking very strong ...retesting previos resistence

aldwickk - 14 Jun 2010 09:29 - 115 of 377

TFC ....... am holding these "J"

off topic ... any idea why MML share price has fallen these past few weeks.

HARRYCAT - 17 Jun 2010 08:46 - 116 of 377

Failed the 60p barrier again! News badly needed to give this a boost.

HARRYCAT - 21 Jun 2010 16:18 - 117 of 377

Possibly worth a top up at 48p ready for the next assault on 60p???

cynic - 21 Jun 2010 16:37 - 118 of 377

not a pretty chart!

Chart.aspx?Provider=EODIntra&Code=COV&Si

HARRYCAT - 19 Jul 2010 13:13 - 119 of 377

Still trading within the 48-58p range. Up 11% today, but on no news so I expect that to get nipped back pdq.

macthicko - 19 Jul 2010 15:56 - 120 of 377

looks like there is something going on here again today! ; ) oil, perhaps?
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