COVE ENERGY

Cove Reports New Indian Ocean Gas Discovery Off Mozambique

May 15th, 2012
by John Donovan.
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By Will Kennedy – May 15, 2012 4:47 PM GMT+0100

Cove Energy Plc (COV), the U.K. explorer that’s agreed to be bought by Royal Dutch Shell Plc (RDSA), reported a new gas find off Mozambique, increasing the size of its discoveries in the east African nation by as much as 66 percent.

The Golfinho exploration well, drilled by partner Anadarko Petroleum Corp. (APC), found 7 trillion to 20 trillion cubic feet of recoverable gas, according to a statement today. The discovery was separate to the existing Prosperidade find, which holds as much as 30 trillion cubic feet. In total, the Rovuma Area 1 block where Anadarko and Cove are exploring may hold more than five times the U.K.’s existing gas reserves. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell to buy Cove Energy for $1.8 billion

Apr 24th, 2012
by John Donovan.
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A Shell logo is seen at a petrol station in London April 28, 2010. Credit: Reuters/Toby Melville

LONDON | Tue Apr 24, 2012 2:45am EDT

(Reuters) – Royal Dutch Shell Plc (RDSa.L) said it agreed to buy Mozambique-focused explorer Cove Energy (COVE.L) in a 1.12 billion pound ($1.8 billion) recommended cash deal, after the major raised its previous offer to match a rival bid from Thailand’s PTT PTTE.BK.

Shell said it would pay 220 pence for each Cove share and that the deal was conditional upon approval from the government of Mozambique amongst other things. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

PTT Exploration Offers $1.7 Billion for Cove, Beating Shell

Feb 24th, 2012
by John Donovan.
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PTT Exploration offered 220 pence for each Cove share, 13 percent more than Shell’s proposal, according to a statement today. Cove surged 21 percent to 235 pence in London trading, indicating investors are betting on further bids.

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.

Shell’s £1bn Africa punt

Feb 24th, 2012
by John Donovan.
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OIL giant SHELL stunned experts yesterday by bidding to boost its reserves with a £1billion gamble on Mozambique in East Africa.“This shows how desperate Shell are to boost reserves,” said one expert.

Shell’s £1bn Africa punt

Thursday, February 23, 2012

OIL giant SHELL stunned experts yesterday by bidding to boost its reserves with a £1billion gamble on Mozambique in East Africa.

It revealed a 195p per share offer for COVE ENERGY which holds an 8.5 per cent stake in one of the world’s biggest gas fields there.

It contains the equivalent in gas of more than TWO BILLION barrels of oil.

“This shows how desperate Shell are to boost reserves,” said one expert. Cove shares raced 25 per cent to 193.5p.

East Africa is one of the fastest growing frontiers for oil and gas exploration. Shell’s offer is one of only a handful of deals in the past decade. read more

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
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