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...

Ah, must be some scottish vernacular! Don't forget norfolk dialect a bit less sophisticated! ;o)

proper job, is surely west country....

This should go to 200p by the end of next year......loaded up on this one....

Really looking good....

Starting to look like a no brainer.....

must be one for me then! :-))

A more superber share there is not.

and currently well undervalued so added yet another tranche at 97/98 level ...Operators -Anakardo juste released difinitive stats for Lacosta which they believe to contain AT LEAST 4.7 TCF which is bigger than windjammer upon which experts placed value for COV at 46p. Add to that the Barq discovery valued at a VERY conservative 34p which is 80p ....thus leaving a derisory value of only 18p for Lacosta- which is absolutely ridiculous and should be nearer 50/60p - making fair value nearer for COV at 130/140p -and esp. considering COVs oppos Anakardo are now preparing for drilling big OIL/gas lead at Tuberao or Barracuda which are both believed to hold as much as up to 1 billion bblsoe ,,,gulp ................................................Also bloomsberg article reports that Anakardo informed mkt that lronclad which was suspended due to poor permeability but contains as much as 230 mmboe en situ will be revisited .but the real fun begins when they start drilling near BGs big jubilee oil finds in adj. blocks offshore Tanzania- Cov with partners preparing for 5 drill prog in that oil rich region which is believed to hold a resource of up to 31 billion bblsoe ... ...........

StockMarketWire.com
Cove Energy expects drilling at the Tubarao well site to take six-to-eight weeks.

Cove says the 'Belford Dolphin' drillship has arrived at the site following the cessation of operations on the Lagosta gas discovery which has been suspended to allow for future flow testing.

CEO John Craven said: "We are very pleased with the major success at Lagosta which found substantial gas pays in the main Oligocene and Upper Eocene objectives.

"The significance of this discovery means that the partnership can now confidently proceed to advance commercialisation options - particularly as the operator believes that the three gas discoveries already made, Windjammer, Barquentine and Lagosta, exceed the resource size threshold to support a liquefied natural gas development in our extensive 2.6 million acre block, offshore Mozambique.

French multinational Total/Elf/Aquitaine believed to have entered into "off the record" talks with Anakardo as to farming into offshore mozambique/Tanzania hydrocarbon highway prog...../ LNG infrastructure..........the story only gets better and better...

is that why sp is falling against the trend?

........but up almost 6p today Cynners ..Last few days merely witnessed profit taking on very low volume with overexxagerated drop due to comments made by Chairman being misconstrued by Financial press. / lf you scrutize COVs chart you will observe mms always shake the tree looking for weak holders or those sitting on vast paper profit prior to a new drill ...../ occured before each and every lead was drilled -lt is the best time to open a position to my way of thinking..../ Even after w/jammer s/p fell from what analyists construed as fair value of 46p to mid 30s .....- ditto with Barq and Lacosta ..../ always bounces back- and i anticipate the very same scenario here once B/D rig arrives at Tuberao and commences drilling .........Fell as low as 88p or so a couple of days ago-and now RNS has announced the rig is at destination it has moved up a tad to mid of 98p......

Still nicely in the uptrend.

StockMarketWire.com
Cove Energy started with hold rating at Jefferies, target price 100p

Results due from Tubarao well in approx 18-24 days.

Closed at 105p. Can't decide whether to lock in profit before the results, or to be greedy.

do part?

Difficult to guess this one short term because a well success will send it much higher but a dud will probably make the sp lose 10p at least but then it will probably recover before the next spud....medium term (by next christmas)...I would hope for 200p,.....good one to be in...so many prospects.....results don't matter that much as this is a big exploration play....

That would be the sensible thing to do, but am tempted, just this once, to push for a bigger profit. Bought at 76p. Calculated risk, but will kick myself if it all goes badly wrong.

Not with the discoveries already made......so many more wells to be drilled....if you are trading these in a sipp you can buy back any time....