Cove Energy plc Company News

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Aminex Appoints New Exploration Advisor
Monday, April 07, 2014 Aminex appoints Bernard Andre - an expert on East African geophysics - as its new exploration advisor.

Ex-Cove Energy Team Launches Africa-focused Explorer
Monday, March 11, 2013 Newly-launched Discover Exploration, which includes former Cove Energy directors among its management team, outlines its strategy after signing deal with the Comoros Islands.

PTTEP Set to Raise $3B in Rights Offering; To Fund Cove Acquisition
Friday, November 30, 2012 PTT Exploration & Production PCL aims to raise $3 billion this year to fund its recent acquisition of the U.K.'s Cove Energy and for future business expansion.

Marathon Enters Ethiopia with Acquisition
Wednesday, October 03, 2012 Marathon Oil buys 20-percent interest in South Omo concession in Ethiopia.

PTTEP Finalizes $3.1B Fundraising Details
Thursday, September 27, 2012 The $3.1 billion fundraising will provide money for acquisition of Cove Energy as well as funding for operational activities.

Cove Energy Takeover Finally Over
Friday, August 17, 2012 PTTEP's $1.9 billion offer for Cove Energy is accepted by 94.3 percent of shareholders.

Is East Africa the Next Major Oil and Gas Region?
Friday, July 20, 2012 Looking back, Rigzone recalls 15 key news stories that have shaped the upstream oil and gas industry.

Cove Energy Shares Plunge As Shell Pulls Out Of Gas Bidding War
Monday, July 16, 2012 Shell said it would not participate in a final auction for control of Cove, a move that should effectively hand control of Cove to rival bidder PTT Exploration & Production.

UK Takeover Panel Gives Shell, PTT Deadline for Cove Offers
Friday, July 13, 2012 UK regulator the Takeover Panel waded into the takeover battle between Shell and PTT Exploration & Production over Cove Energy giving the companies a deadline to make their final offers.

Cove Energy Takeover Battle Drags On As Shell Extends Offer
Thursday, July 12, 2012 The competition between PTT Exploration & Production and Shell for ownership of Cove Energy drags on as the Anglo-Dutch company extends its offer until July 25.

Shell Extends $1.8B Offer for Cove Energy Once Again
Thursday, June 28, 2012 Shell responds to PTTEP's recent extension of its offer for Cove by extending its own offer to July 11, but the Anglo-Dutch oil major has still not matched the Thai company's $1.9B bid.

PTTEP Extends Acceptance Date for $1.9B Cove Bid
Monday, June 25, 2012 PTTEP's move to extend its offer is made as Shell mulls whether to increase its own offer for Cove Energy, the East African natural gas explorer.

Shell Extends Cove Offer for Second Time
Thursday, June 14, 2012 Shell extended its offer for Cove Energy for the second time, keeping alive the prospect of the oil major attempting to woo Cove shareholders with a higher bid for the Mozambique-focused explorer.

Cove Energy Confirms Takeover Battle is Still On
Thursday, May 24, 2012 Results statement released by Cove Energy on Thursday confirms that the directors have withdrawn their recommendation of $1.8 billion offer from Shell.

Cove Shuns Shell for PTT's $1.9B Bid
Wednesday, May 23, 2012 The race to secure access to East Africa's natural gas fields took a twist after PTT trumped Shell's offer for Cove Energy with a late $1.9B bid.

Cove's New Mozambique Gas Find Raises Prospect of Counterbid
Tuesday, May 15, 2012 Cove has made a major natural-gas discovery offshore Mozambique, raising the possibility of a counter bid offer for the company to rival that already on the table from Shell.

Cove All Smiles over Barquentine Flow Test Results
Friday, May 04, 2012 Cove Energy plc provided the results of its second flow test of the Barquentine-1 well at the northern end of the Prosperidade gas complex in the Rovuma Basin Area 1 block offshore Mozambique.

Shell's Takeover Battle for Cove Energy Almost Over
Tuesday, April 24, 2012 Shell and Cove release a joint statement declaring Cove's directors will recommend Shell's offer, which values the business at $1.8 billion, to its shareholders.

Anadarko Scores Another Drilling Success in Mozambique
Wednesday, April 04, 2012 Anadarko finds 525 feet of gas pay at Barquentine-4 appraisal well in the Rovuma Basin.

Mozambique Well Test has 'Positive Implications' for Sandstone Reservoirs
Monday, March 12, 2012 After drilling the Barquentine-2 well, Deepwater Millennium drillship now moves to the Barquentine-1 location for a second flow and interference test in the complex.

Shell Exec Confident Alaskan Arctic Drilling to Start this Summer
Thursday, March 08, 2012 Shell remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, said Executive VP for Exploration David Lawrence.

ONGC, GAIL Confirm Cove Interest
Tuesday, February 28, 2012 ONGC and GAIL said they are mulling a rival bid for Mozambique-focused natural gas explorer Cove Energy, but have yet to decide whether to make a formal offer for the company.

Takeover Battle Begins as Rivals Shell, PTTEP Fight for Cove Energy
Friday, February 24, 2012 PTTEP has made a $1.8B counter offer for Cove Energy after Shell bid $1.6B for the East Africa-focused business earlier this week.

Shell to Expand LNG Portfolio with $1.6B East African Acquisition
Wednesday, February 22, 2012 Royal Dutch Shell will expand its presence in East Africa into Kenya and Mozambique if the purchase of Cove Energy goes through.

Anadarko, Cove Energy Find Further Gas in Mozambique
Tuesday, February 21, 2012 Lagosta-3 well encounters 577 net feet of natural gas pay offshore Mozambique.

BG Group Starts Seismic Work Offshore Kenya
Thursday, November 17, 2011 Cove announced that 3D seismic acquisition has commenced in offshore Kenya license areas L10A and L10B.

Cove, Partners Finalize Total Farm-In Offshore Kenya
Thursday, October 06, 2011 Following the receipt of the consent of the Govt of Kenya, all necessary permissions and approvals have been granted to the farm out agreement whereby Total has agreed to acquire interest in 5 contiguous deepwater blocks offshore Kenya.

Drilling Commences at Barquentine Appraisal
Monday, June 27, 2011 The Belford Dolphin drillship has commenced appraisal drilling in the Barquentine gas discovery area, according to Cove.

Cove Reports Final Results for 2010
Monday, May 23, 2011 "2010 was a remarkable second year for Cove in which the company transformed the assets that we acquired in 2009 from Artumas with world class exploration successes that added significant contingent gas resources," said Michael Blaha.

Cove to 'Build on Success' in 2011
Tuesday, March 15, 2011 "I am delighted to be able to confirm that throughout 2011 we will be building on the Mozambique success having already begun the appraisal program to commercialize the discoveries," said John Craven.

Cove Closes Farm-In Deal Offshore Kenya
Wednesday, October 13, 2010 Cove announced that all necessary permissions and approvals have been granted for the acquisition by the Company of a 15% participating interest in deepwater blocks offshore Kenya.

Cove Farm-In to Offshore Kenya
Wednesday, July 28, 2010 Cove has concluded a conditional farm-in agreement with DEPCO to acquire a 15% participating interest in five contiguous deepwater blocks offshore Kenya.

Cove Appoints Non-Executive Director
Monday, July 12, 2010 Cove announced the appointment of Anthony Charles Golding to the Board as Non-Executive Director with immediate effect.

Cove: Drilling Ceased Offshore Mozambique
Tuesday, April 20, 2010 Cove Energy has been informed by Anadarko, operator of the Rovuma Area 1 offshore block Mozambique, that it has ceased drilling operations on the Collier 1 well.

Anadarko Strikes Again in Deepwater Mozambique
Monday, March 22, 2010 In deepwater Mozambique, Anadarko encountered an additional 76 net feet of natural gas pay at the Windjammer discovery well.

Anadarko Aces First Deepwater Find Offshore Mozambique
Thursday, February 18, 2010 Anadarko has made its first deepwater discovery offshore Mozambique, encountering more than 480 net feet of natural gas pay at its Windjammer wildcat.

Cove Reviews Drilling Campaign Offshore Mozambique
Tuesday, February 02, 2010 Cove Energy has provided an update on various commercial and operational matters for its offshore Mozambique drilling campaign.

Cove Completes Offshore Mozambique Farm-in
Tuesday, January 05, 2010 Cove Energy plc on Tuesday announced that following the receipt of the consent of the Government of the Republic of Mozambique, it has now obtained all necessary consents and approvals.