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...

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

GO ON !! my son .- steady as she goes shipmates ! ......101p and hung on to yesterdays 12% gain even adding a furthur 4p; and.B/Dolphin already on its way to drill 6th well of ROV programme .....

Yep...sp done well today...

RF ....Did you see yesterdays WSJ with article on our oppo -Anakardo-Lagosta added $4 to its s/p and vice prez says LNG plant is being planned ....,,,...

bollocks ..... thought of buying back in a few day ago, but didn't .... c'est la vie

all swings and round-abouts cynners. snakes and ladders ..a simple game of probabilities....You know the dance .. ...l nearly foolishly sold the percentile of this stock i picked up at 36p at 88 last friday on the premise that the recent placing of 145 million shares @76p would heavily impact and dilute gains accorded to Lacostas success ,,,/,,,,had to sit on my hands to stop myself ........./ buy on any weakness mon pote / .l wouldnt put you on a bummer Cynners. Kharma you understand.But this Rov field is so effing vast with more leads than N.Sea ..there is even evidence that w/jammer and Lacosta are connected and part of the very same basin - despite being 17 miles apart.lts hard to even picture ....Believe me this coastal shelf of E.Africa is going to be huge ........esp after third drill -lronclad-proved oil was present ( 230mmboe)and gas {3 TCF)-but had to be trmporarily plugged due to poor permeability and porousity of host rock ..Oppos Anakardo (Haliburton) have a 75% global strike rate and have proven to be a reliable, informative and rewarding world class partner .....W/Jammer made an LNG plant a possibility . Barquentine made it a probability and Lacosta made it a fact ...and yet we will be drilling again in a few days ........28 days later will come the result lol ,,,,,,,,,,,,,,OIL is next.....Even DEPCO wanted part payment in shares for oil licenses offshore Kenya..

In reply to 231....no.....but now thinking of a 200p target for this stock....this is not one for taking profits just yet...no way.....another one to look at could be little Aminex (AEX) (isable) .....who should be drilling next year in several locations onshore and offshore in this region.....

RF ...I agree -already have a modest holding in AEX ..../ Have you had a peek at micro cap -DPL- Tiny, l conceed, but sitting on some prize land in block 7 (Tanzania), Neighbors Exxon who bought in during recent land grab own license for an adj. block and have been eying up DPLS prospect ever since.As have 14 other big oil players it is reported ;-) ,,,,,also already in j/v with French darling midap Maurel et Prom at M/Bay . .....l am quite overweight a tad shy of 3.56 -but made a few spondoolies trading this one ,,,,,,,,,hoping for retraction to 4 to 4.10 and ill buy in volume looking for GS t/p at least ....... ,,