Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed that PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP successfully acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, PTTEP received written [...]
Mr. Tevin Vongvanich, the President and CEO of PTTEP, revealed that on 31 July PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP, has received valid acceptances from Cove Shareholders 91.37% of the existing issued share capital of Cove which is satisfactory to PTTEP AI’s requirement. He said PTTEP would request [...]
Cove Energy, the AIM quoted upstream oil and gas company announced the completion of the divestment of its 16.38% participation interest in the production operations (20.475% participation interest in exploration operations) in the Mnazi Bay Concession, Tanzania to Wentworth Resources Limited. Cove’s interest in the Concession, which was held by the Company’s 100% owned subsidiary [...]
LNG giant Shell said that it has decided not to revise its takover offer for Cove Energy which owns an 8.5 percent stake in the Rovuma licence off the coast of Mozambique containing gas discoveries that could be a major provider of LNG to Asia in future. “Shell Bidco has decided not to revise its [...]
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PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP, has received written consent from the Republic of Mozambique’s Minister of Mineral Resources for its proposed takeover of Cove Energy. The receipt of this consent required a result of the indirect change of control of Cove Mozambique interest in the Republic of Mozambique, [...]
Cove Energy plc, the AIM quoted upstream oil and gas company announces today that it has entered in to an agreement to divest its Tanzanian interests, comprising a 16.38% interest in production operations and 20.475% interest in exploration operations in the Mnazi Bay Production Sharing Contrac, to Wentworth Resources Ltd. The Agreement provides for transfer [...]
![Cove Energy Posts 2010 Results (UK)]()
Cove Energy plc, the independent oil and gas exploration company, today announced its final results for the 12 month period ended 31 December 2010. 2010 Highlights Mozambique Rovuma Offshore Area 1 Drilling success – Three major gas discoveries, oil encountered: ·Windjammer (555 ft net gas pay) · Barquentine (416 ft of net gas pay) [...]
![USA: Congressman Hoyer Dedicates Cove Point Security System]()
U.S. Rep. Steny Hoyer recently officially activated a new marine surveillance system at the Dominion Cove Point LNG facility in Lusby. The new SureTrak system provides an extra level of security for a wide swath up and down the Chesapeake Bay. And, it piggybacks onto a Sure Trak operation at the Atlantic Test Range at [...]
![USA: Local Officials Submit Resolutions Opposing Weaver’s Cove LNG Project]()
A group consisting of 15 communities, elected officials and environmental advocacy groups has teamed up to inform the Federal Energy Regulat… (heraldnews) Source: heraldnews, December 23, 2010;
![Cove Energy Announces Drilling Update (Mozambique)]()
Cove Energy plc, the East African oil and gas exploration company, announces that the Belford Dolphin drillship has arrived on location at the Tubarao well site. This follows cessation of operations on the Lagosta gas discovery which has been suspended to allow for future flow testing. As announced on 29th November the Lagosta well encountered [...]
