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...

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 )....

Mac this could be very big says Michael Walters.

Up 10% not bad for a day trade.

I am holding for at least 100/120p.

mitzy...it is not only Michael Walters who is saying that it could be very big! : )

Anadarko have described the entire project as one of their major projects......think they probably know more about it than MW!

nice bit of movement on a Friday afternoon. Looks to me like there is someone out there basically hoovering up everything that becomes available! hope I am correct on this! have a good weekend all!

Hope you are correct mac as I have my house keeping money in this one as form this week.

i have only watched this in a very desultory manner, but at least there seems to be rather more substance and reason to the price rise than for CHAR

I agree there if they have 5tcf the share price will be at least 500p to 1000p a share in 2 or 3 years time.. and they could even find oil deeper.

I've parted with a few of my precious Gkp shares to increase here but I'm still below 10k shares small fry pi.-- so I hope to add as and when. The funding was oversubscribed at 40p--they are now well funded with I believe another 49 targets to drill! no wonder excitement is building sooner or later imo. they will hit oil as well!

Its a sound bet moneyplus.

Incredible share and prospects!

And so much better than DES.

Alright, COV has boobs and DES hasn't.....but you never know these days....anything can happen....by the end of the week : a gas discovery for DES could change things big time......anyway Cove Energy with all these wells is starting to look like one of the successes of the year !.

Cov is greater than most oil shares even if it a gas producer.

cynic....one of the reasons for the rise is the fact that the company appears to have assets in the ground...and some serious partners along with a bunch of institutional investors who put up some serious cash just 1p below the market price at the time of the placing.

Nice AT trades going through again...whoever is hoovering is still out there......this could get very bloody interesting! : )

Waiting for Collier now, not quite so deep so might get news within 4 weeks and so it will go on, with ONLY another 48 prospects to drill!

WOW! :)

rayrac - they only have cash for another 5 drills. They will have to fundraise again at somepoint but if any of the 5 drills lined up are success, this wont be a problem. jmo.