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Cove Energy, new oil offshore East Africa. (COV)     

required field - 18 Feb 2010 08:29

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...

macthicko - 06 Apr 2010 11:05 - 60 of 377

David Icke.....the slightly special individual?

mitzy - 06 Apr 2010 13:21 - 61 of 377

I love David he is a nice guy.

mitzy - 10 Apr 2010 10:06 - 62 of 377

looking good.

moneyplus - 12 Apr 2010 11:25 - 63 of 377

mitzy--check out mhg, gma, grl, --polo --I've been spreading my cove gains around a bit. It's looking good here too--so many choices!

mitzy - 13 Apr 2010 10:08 - 64 of 377

Hi money Cove is 6 0p and hopefully will move to 70p soon..cheers.

grevis2 - 15 Apr 2010 10:13 - 65 of 377

Someone is dumping a load of these!

TheFrenchConnection - 15 Apr 2010 19:42 - 66 of 377

Big Oil has decided East Africa is to be its last stand. Every other region has fallen victim to peak oil - and of all the OPEC constituients only S/Arabia can meet quotas- much of which is hi sulphur and hence useless for most purposes ..ln addition the so called swing producers such as the Russias,Norway and Mexico are in rapid decline . As for the continent of Africa. After sinking over 30,000 wells in Arabic North Africa and a further 15,000 in West Africa 'Big Oil' is turning its eye eastwards which happens to have had a mere 500 wells sunk with an astonishing succcess ratio of over 75% ,,EG -Counties like Uganda,Tanzania,Kenya, DRC , CAR Ethiopia,Mozambique & the Sudan ..All the big bellweather players- CNOOC and P/C of China , BP, Total/Elf , Chevron/Texaco , Petrobas, Ex/ Mobil, Shell, plus Europeon darling oil stocks like TLW(UK), M&P,(Fr) , Eni,(ltalia) Statoil (Norway) and R/Dutch are q/ing up in massive droves in a massive prospect buy up grab. l have held an interest in Cov; and have done for over two years. But rather than the 'smash and grab' scenario as is my usual trader/speculator style i intend on playing this through to the endgame.-albeit i did crystalize a little profit to fund a sizeable (750k- shares not !! )) tranche of DPL two weeks or so ago- as i see big money to be had there too..Spudding in June the silverback Gorilla prospect with 100 mmboe of unrisked recoverable reserves Only sold COV due to rapid rise in s/p since start of the current year- and wanted a stake in DPL .....As for DPL ; This is the stock Uncle Tom has been ambigiously tipping recently . How many tiddlers such as DPL priced @ 6.75p have Ex / Mob and Total in talks reg their acreages? Prospects which themselves are in the shadow of one of TLWs recent 1.2 billion prospect buys in the area; and which share a quite similar geology .And even managed to farm out to French midcap Maurel and Prom a highly attractive deepwater lead - retaining 10%. ? As for COV- With the number of leads they have- even if they only deliver on a fraction l see 3 figure s/p within 6 months. ................

macthicko - 16 Apr 2010 09:39 - 67 of 377

grevis - someone is dumping a load of these? someone is also obviously buying a load of these as well. Do we have to such inane posts on here? What do you expect? This share has had an amazing run. The price has more than doubled in less than two months. Of course there are people taking profit. The interesting thing here in my opinion is the resilience. The share takes a haircut and whoosh, out come the buyers again. Looking forward to the Collier announcement! Does anyone have a timeframe on when we can seriously expect to see an RNS about Collier?

required field - 16 Apr 2010 23:00 - 68 of 377

Overloaded with these....looks so promising.....another big strike could send it flying again....

mitzy - 17 Apr 2010 09:32 - 69 of 377

Lets hope so rf.

kate bates - 17 Apr 2010 16:57 - 70 of 377

Somebody telling me to get into this in a very very big way in the next few days. 500-1000p valuation hey mitzy?? These being talked about as possible 1.5bill valuation and the next Cairn Energy. About 1100% upside from here or price per share of about 600p which is a little to the conservative estimate of yours if true. Moneyweek really into this one as well. Eyes down.

mitzy - 19 Apr 2010 13:40 - 71 of 377

I am with you on this one kate.

cynic - 19 Apr 2010 14:00 - 72 of 377

certainly a far better bet than CHAR

TheFrenchConnection - 19 Apr 2010 15:50 - 73 of 377

lev 2 showing a few sellers @ 56p inc. 100,000 ....but it will no doubt be hoovered up . ....Very resilient stock. ,,,,could prove to be the stock of 2010. Mr.C -You have a position ?

cynic - 19 Apr 2010 15:54 - 74 of 377

i do now .... thought it worth some modest exposure

TheFrenchConnection - 19 Apr 2010 16:01 - 75 of 377

good man .......modest exposure you say ? Well better on here rather than on your local golf course ,,,;-) .........lncidentally hoped you dumped those CSR

cynic - 19 Apr 2010 16:17 - 76 of 377

why? those CSR are only 10p out of the money

TheFrenchConnection - 19 Apr 2010 16:44 - 77 of 377

if my memory serves me right you were looking to diversify from oilees and miners and happened to mention CSR when about 470 ...l replied could see upside to 510p and then a brick wall ..then retracement back to that level . As it happened they went as far north as 520p then then retreated to sub 440 .l suppose what i am trying to say is that i hope you sold at the 520 level ...............

cynic - 19 Apr 2010 16:48 - 78 of 377

i bought these ones on 6th April so the timing wasn't great! ...... should have waited a few days and bought at 430

dealerdear - 19 Apr 2010 19:24 - 79 of 377

Off thread I know (apologies) but there was quite a lot of Director selling at CSR a couple of weeks ago which is why I took my profit and ran.

(well, more of an amble really)
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