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COV Cove Energy

239.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cove Energy LSE:COV London Ordinary Share GB0034353531 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 239.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cove Energy Reports Continued Drilling Success Offshore Mozambique

21/02/2012 10:10am

Dow Jones News


Cove Energy (LSE:COV)
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From May 2019 to May 2024

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Cove Energy PLC (COV.LN), an AIM quoted upstream oil and gas company, together with the operator Anadarko Petroleum Corporation (APC), said Tuesday Lagosta 3--the eighth successful well to drill in the Windjammer, Lagosta, Barquentine and Camarao, gas complex--found high quality gas sands not well imaged by seismic data.

MAIN FACTS:

-Lagosta-3 appraisal well has found 577 net feet of natural gas pay.

-Pressure readings confirm important reservoir continuity of Lagosta 3 to Lagosta 1 and 2 and to the Windjammer/Camarao wells further north.

-With second rig now on contract, Cove is proceeding to drill-stem test the Barquentine-2 well and preparing to drill the Barquentine-4 appraisal well.

-Cove shares in London at 0935 GMT up 3 pence, or 2.1%, at 160 pence valuing the company at GBP769.64 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

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