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...

In what ?, or on or over what ?.

Independent newspaper.

......-en brevite- The initial windjammer find is worth 42p to COV and the later find increased its value to 47p so dont allow yourself to be suckered out of your shares as many were yesterday. Those who sold at 42p must be kicking them selves. Their stock was simply hoovered up by bigger players in big tranches in and out of auction who exploited this sudden weakness..l imagine trading parameters will be between 47 and 52p until next well is spudded and once again the massive interest will fuel the stocks momentum .. While the collier 1 drilling result can only be construed as unfortunate- somebody on another thread did mention operators were encountering heavy pressure above t/d last week- the operators have made a most prudent decision, considering the sheer cost of their drilling ship, to simply move on to the ironclad and Barquentine prospects. This is a drilling programme and not a one horse wonder .They can always return to Collier at a later date and find another way in the designated basin; and with a little delicate tinkering ect ect l have seen this problem overcome time and time again . And the cause of this presssure ? Could simply be a body of water but more likely to be the lighter gasses seperating from heavier gas or even condensate ... The "hot" money to which P refers was taken from the mkt last week when s/p fell from its high of 62p as news of Colliers probs entered the public domain thearby attracting those with shorting inclinations. Some big buys at well above mkt price suggests Colliers probs were already factored into s/p . ...l am in transit as such at the moment but will repost as soon as possible. But have no fear; the demise of COV is greatly exxagerated

Nice write-up TFC....I have far too many of these (for the size of my portfolio)....but will wait for good results to come.....

TFC - glad you've dropped the cod-frog nonsense! ..... good post as RF commented; and no i did not get bounced out of these

The Independent

"Cove Energy

Our view: Buy

Share price: 49p (-6p)

Cove Energy's shares dropped by 11 per cent yesterday on news that it had ceased drilling at its second "Collier 1" well because of safety concerns. We say: even more reason to buy.

Cash shell Lapp Plats was reborn as Cove Energy last year thanks to former Dana exploration director John Craven and former Shell Algeria chairman Michael Blaha. The plan was to mop up distressed companies' assets, and within months, the newly formed Cove did a deal with Norway's Artumas for interests in Tanzania and Mozambique. It then put together a five-well drilling campaign with operator Anadarko Petroleum for offshore Mozambique, with 40m from an equity placing. In February, Cove went from a good idea to an explorer that stands out from the crowd when its first well, Windjammer, uncovered a significant gas column sending the stock soaring from 23.5p to 43.5p in just four days.

Optimism is still running high. While Collier is suspended, the remaining three wells will go ahead. And if there is time at the end of the programme, Collier will be revisited. Either way, we are sufficiently impressed with Cove's swift progress and early success that Collier is of little concern. For investors interested in explorers, Cove has an unusual combination of cash, assets and promise. Buy it while it's cheap"

THE TIMES

Risky buy at 49p

It was the Sunday Times who said DES was a flop a few weeks back.

And they were correct, so far.

but only so far Harry .Some quaters of the city have great expectations reg DES . Cant say i concur as yet - but methinks theres a trick in the tail there somewhere. ...REG: Trading in COV .....-Over 1.5 million shares bought in tranches of 200,000+ today a full 3p to 5p over offer price prevailing at the time . ,,,,,,,Somebody feels confident ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,O/T Apologies et al / Roly -.Did you not get my recent mail ?

No Jamie , try my moneyam email address , and i can send you my other address.

righty o - will do ............Are you holding COV yourself Roly ..? lf Funds allow l would give them the usual Aldwickk mulling and dip a toe -think about it anyway. Also have a peep at tiddler DPL ( one of uncle toms reckies ) . As for COV -Most of the mainstream brokers to whom i speak every day its not even on their respective radars despite BR s massive stake and the wildcat extraordinaire W/J discovery . l used to find that odd until i realised how many of them were certainly not there on merit / Mr.C ..NOW while you may play golf i dont think for a second you were duped into parting with yr holding. ........cynical-indeedy ...but mad - no

yes, i hold COV and DPL. i sold COV when they ceased drilling at its second "Collier 1" then changed my mind and bought back in again.

COV looking at 38p soon and if this breaks 24p on the cards. Very speculative.

can rats swim?

Halifax, you sound like one of those cold war spy's.

He's the Piped Piper.

Nice little rise this morning

Where did this clown "hlye" come from? sunshine, get a life. This company has been transformed in the last couple of weeks. Just for your info - a very interesting note has been issued today with a buy recommendation - target price??? Guess what??? yeah, you got it - 100p!!! good luck all holders!

sorry - forgot to include the source of the buy recommendation - Panmure Gordon.