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...

prob. because of the very simple fact H. that the PI's wont get a sniff at that price. ....technically they already have homes in the pockets of institutions, big retail brokers and hi value clients - you know the dance-.........Also what with Lagosta having already been fully prepped,partially drilled and cased and being treated more like an appraisal well rather than an exploratary well and accorded a 56% COS the mkt anticipates that by 23rd Nov electic logs will illustrate to a degree what COV are sitting on- and 76p will be long gone by then .

up another 3p today - strong feeling this will rise in small daily increments now drilling in earnest at Lagosta has commenced .

what with recent placing of in excess of 145 mn shares @ 76p i would usually have anticipated an element of holders already in the money to have made a quick few bucks and sold up. But not so with COV which since inception of todays business has added 5p to b/o of 84.75 / 85p .......and furthur up to 86 / 87p since i began to write post...

Maintaining a nice upward trend on the graph. I have traded in & out recently, but still hold a good chunk.

100p soon ?...perhaps....

buy buy buy


lol lol lol!!

StockMarketWire.com
Cove Energy has revealed another major gas discovery at the Lagosta prospect in the Rovuma Basin Area 1 block, offshore Mozambique.

Lagosta is the fifth well in the offshore programme operated by Anadarko Petroleum Corporation.

Cove Energy has an 8.5% working interest.

The Lagosta discovery well encountered a total of more than 550 net feet of natural gas pay in multiple high-quality Tertiary sands.

Another great result.....and now this is commercial and probably more appraisal wells will have to be spudded....great news !.....I should have added gas in the title, when I started this thread.........

Cheap as chips

120p by xmas.

Strike 3 !! .and all the bases are loaded !!..Lagosta yields.550 feet of high quality sands !!! making it bigger than both W/J and Barq; and more importantly it makes COMMERCIALITY a non brainer reg. LNG plant . ,.....................Rememeber; l tcf of gas roughly equates to approx 143 mmboe .../ and in the light of Lagosta far we have perhaps as much as 22 to 27 TCF !! which in $ terms is ,,,,gulp .... . thus opening up this NEW super hydrcarbon fairway offcoast East Africa which in the fullness of time shall dwarf the amount of gas extracted from the North sea !......All global enegy players will be watching this with more than a tad of interest esp China and lndia -the latter of which is virtually bulding an entire infrastructure for Tanzania/ Mozambique in its search for energy/ minerals ..../....Big oil is welcome/ but gentlemen please !! Form an orderly quee !! Gentlemen please !! - No quee jumpers !! .........COV firmly established as a player with whom to be reckoned and to think we only paid approx $3.8 million for the same interest in ROV prog. while others like Videcon paid 20X that for same interest ..... .One more well on Rov drilling prog before we start our oil exploration offshore Kenya and furthur gas/ oil leads on this license ,,,,,and then the real fun will begin !! ......So many leads yet still to be expolited / rather spoilt for choice . .

There has to be oil somewhere there.....might be further out....200p target for me next year by summer....

dont forget RF both ironclad/ Collier found oil in fans - the former of the two finding almost 40m of oil saturated sands ! {.Fox/D in desk note reported 230 mmboe en situ at the lronclad lead but drilling was suspended due to poor permeability and porosity- and considered non commercial in isolation by oppos / while drilling was suspended at Collier due to dangerously high pressure within well bore ..........................but both were plugged with a view to returning at a later date - presumably following completion of 6th well in current project.........

I will have to have a re-read of the rns's....I thought only gas, but lots of it was discovered.....the sp could go a lot higher than 100p in the short term now....so many prospects still to be drilled.....

Any chance of a chart in the header please rf? Save me having to post one every time the page is turned!

No idea how to do that Harrycat...my IT skills are limited.....

Just in case you feel like having a go: click the Charts tab at the top of the page (in between Portfolio & Shares Mag). When you get to the chart page, type in the ticker you want (COV), the size you want, the time scale & the DMA's. At the bottom of the chart page it will then have a blue link line saying 'Paste this chart to the bulletin board'. Click that link. Then by dragging your curser over the displayed text (including brackets), you will highlight it. Right mouse click & select 'Copy'. Then go to the COV thread & in your header there is an icon with a sheet of paper & a pencil, which is to edit your post. Click on that & when your original page opens, select a blank line & right click mouse. Select paste and the chart link will appear as html text. Then at the bottom of your post click 'Post edited message' and the chart should appear!

Might have a go later...too much to do today....thanks.....I'll print out your instructions a bit later, cheers....

Superb.

Left a buy order (SB) last night @91.6, triggered @ 95.1, not complaining :O)

esp when half decent sized trades - 50k to 100k @ 98/99p going through system