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...

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."

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

At last.

At last.

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

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

Something is afoot with AMER as well

looking very strong ...retesting previos resistence

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

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

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

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

not a pretty chart!

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

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

This often goes like that with no news. Then back down.

Rumour about a big oil or gas discovery (see EK)...sp rising ?...in anticipation....

We live in hope!

If this bursts through 60p : could be in for a very sharp rise.

Still rising, making up for my DPL disappointment....

It's all quite small farm-in holdings though, even if a strike:

Tanzania, Mnazi Bay/ Msimbati Gas Fields
Tanzania Producing Asset (16.38 per cent. participating interest)
Tanzania Exploration Asset (20.475 per cent. participating interest)

Mozambique, Rovuma Offshore Area 1/Rovuma Onshore
Mozambique Onshore Asset (10 per cent. participating interest)
Mozambique Offshore Asset (8.5 per cent. participating interest)