Cove Energy Share Discussion Threads

[exmooroil] 10/5/2012 12:04

Fastnet is John Craven's new vehicle, yet to IPO on AiM.

Presumably focused on assets off Southern Ireland. The Schedule 1 Notice will reveal all in due course.

[rus4] 10/5/2012 09:41

Whats Fasnet ?

[merkage] 09/5/2012 09:30

Any interest in Fastnet anyone?

[lucky_punter] 07/5/2012 12:09

Cove Energy (LON:COV) shareholders have a pleasant task in deciding what to do with the £1.2 billion that's soon to flow their way after its agreed takeover by Shell.

[rus4] 03/5/2012 09:51

Thanks Oilb. deails attached

[oilbethere3] 03/5/2012 08:39

Shell rnsed yesterday that offer was in post.

[rus4] 03/5/2012 08:10

When will we receive the offer from Shell ?
Golfinho results must be close
When will PTT and others ! come to table ?

[keya5000] 29/4/2012 11:40

LM what percentage share does LEG have in Terra and whats the forecast mcap on listing?

Would help if you included such info in your many posts on this matter, very hard to make a judgement without such.

[liquid millionaire] 29/4/2012 11:10

Not pushing it just sharing as not many seem to yet be aware that is all mm. As for FRR i sold out a long time ago for a tiny profit. Obviously a good move as i would have to agree with you mm that FRR now look to be in dire straits. Take it that you are also out of FRR as well?

[monkeymonkey] 29/4/2012 05:07

your pushing this one LM, who cares about youe short term price, anyway how you doing with FRR lol

[liquid millionaire] 28/4/2012 21:55

Terra Energy was established in February 2008 and will be renamed Fastnet Oil & Gas following a reverse takeover of AIM shell Sterling Green Group plc [SGG]

Fastnet Oil & Gas is a new junior explorer established by the directors of Cove Energy plc to initially focus on the Celtic Sea and longer term East and North Africa where the Directors and Advisory Board have significant experience.

The Advisory Board and Board will include key members of the Cove Energy team: John Craven - Advisory Board (CEO of Cove Energy); Stephen Staley - CEO (NED of Cove) and Michael Nolan - NED (FD of Cove).

The company's existing assets include small interests in the Celtic Sea and applications have been lodged for three highly prospective licensing options also in the Celtic Sea. The Directors expect these licences to be approved after Admission on AIM (and the ESM in Ireland).

The issue is well over subscibed and likely to go absolutely mental on AIM

This is obviously really great news for LEG who are founder shareholders in Terra Energy aka Fastnet Oil & Gas.

Watch LEG make new highs next month or even better buy now and enjoy the major re-rating in the LEG share price.

My short term share price target for LEG is 0.5p

[wbodger] 26/4/2012 18:07

Read ducatiman's post 7737 on 21 April, about Forum Energy (FEP) and then have a quick shuftie at FEP's share price graph since Monday. Extraordinary. 3.5 bagger in two days. Why don't I ever read people's posts?

Good luck ducatiman, although you're probably insensible from the celebrations.

[woodster71] 26/4/2012 11:57

very kind Sport Billy, i will

[sportbilly1976] 26/4/2012 11:04

If people are looking for a home for their COV funds - FEP.

Following the rns earlier this week, the share price of FEP has more than doubled. However, their market cap is now ~£70mln.

Their Philippine shareholder PXP (who have an economic interest in FEP of 51%) have seen their market capitalisation increase by over £400mln based on the same news.

The read-across value of this week's rns to FEP would then equate to around £20-24 a share.

Please feel free to do your own research.

[cashandcard] 26/4/2012 09:20

Woodster71,

I have chosen AOI on the TSX and RMP, RRL here for Puntland. I view Horn as a one-trick pony and therefore a very high risk play should things not turn out so great at Shabeel. My prefered TSX pick for Puntland would be AOI, it will have many great days based on Kenyan discoveries regardless of what happens in Puntland.

Interestingly, RMP have announced a trading halt in Oz for a fundraiser at 32p for £6.2mln. The partners should be into the primary targets by now - I guess we'll know very soon what's down there.

I see folk are piling into AEX, its finally dawning on many just how cheap AEX's assets are in comparison to other East-African E&P's.

Cash

[woodster71] 25/4/2012 21:49

Cash - I am only in 3 stocks after selling COV a few weeks back, AEX, RRL and HRN.....spooky -

If you are going to invest in Puntland only then go for HRN as they have 60% but on TSX

If you want to trade Puntland go RMP as AIM, very volatile but only 20% interest, but a bit of Georgia as well

If you want Puntland and some derisk, then RRL who have fingers in a number of pies with big deal in Columbia to be announced soon and 20% Punty

if you want to keep in East Africa and not far from COV acreage then AEX who have huge onshore blocks and have just first onshore Tanz gas.

Am i trying to ramp a little,course i am

COV was my first share, so always has a place in my heart, just wish there were more John Craven's out there

W

[cashandcard] 25/4/2012 15:32

Where do holders here intend on going next ?

May I suggest they look at RMP, RRL, HRN, AOI and AEX. Various levels of attraction but each one has its merits. AOI, HRN, RMP, RRL all soon to announce results from Kenya & Puntland drilling campaigns - both of which will be play openers.

Cash

[lucky_punter] 25/4/2012 13:33

It was more of a skirmish than a bidding war but today Shell agreed a deal to buy Cove Energy (LON:COV) for £1.12 billion.
The cash deal will see the Anglo-Dutch giant pay 220p per share.

[lucky_punter] 24/4/2012 12:05

Royal Dutch Shell (LON:RDSB) has shown its determination to establish a strong foothold in east Africa by upping its offer for Cove Energy (LON:COV) by 13 per cent.
The Anglo-Dutch giant's new bid of 220 pence per share values Cove at £1.12 billion, on a par with a rival offer from Thai oil group PTT.

[rayrac] 24/4/2012 11:23

It does to me too! Just wish I hadn't sold out here yonks back.:(

[strollingmolby] 24/4/2012 08:44

PTT mulling their options - share price suggests market believes counter-offer may be imminent... :o)

[peter anthony] 24/4/2012 07:38

It is 2.20 after tax so closer to 2.50