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...

07:23 Cove Energy PLC (COV) Holding(s) in Company RNS

Total disclosable holding for JPMorgan Asset Management Holdings Inc : 30,449,889 (11.22%)

interesting little rise this morning.......wonder when the next announcement is due.....? is anybody else watching these?

apparently not! pity....there is a piece in one of the papers today about a target price of 59p!

Sadly, not one I am in.

Loads of drilling to come.....golden age for small aim oil stocks....

i'M IN.

Incredible chart.

Hmmmmm.......Fair to middling ;o)

lol..


seriously Harry these aer going to 100p soon.

I expect the oil price to be $100 plus in 2 months time.

on what do you base this?
very weak $?
huge increase in consumption despite usual summer downturn?
iran drops an atomic bomb on iraq?

Terrorist attack in USA / UK possible nuclear attack on Iran.

good logic from impeccable source, though not sure that either occurrence would cause a surge in crude; in fact, maybe the reverse

i suppose attacks are favoured when the weather is warm and/or too damn hot in pakistan or iraq or similar

Moving on up today.

and down again..

looks like the MMs are happy to take any stock that is thrown at them...that on its own says it all!

The company got a nice mention from oilbarrel.com ! They refer to 5tcf!!!! This, if proven, should in my opinion pretty much de-risk the entire operation for Cove.

i really don't rate oilbarrel for i reckon it's little more than advertising platform

cynic - have a look at the article....it is pretty interesting reading even for a cynic!

5tcf is a hell of a lot of gas plus theres more according to MW tonight.

mitzy - 5tfc is indeed one hell of a lot of gas.....taking a conservative estimate on the value of it and Coves share thereof.......the numbers make the present share price look very very interesting considering the fact that they have funds now for a total of 6 drills partnering with Anadarko so fundraising can be ruled out for the immediate future ( I think )....