AIM TICKER: COV

LONDON STOCK EXCHANGE

193.00 p


22/02/2012 6:07PM



Mozambique


The company has acquired interest in two concessions; a 10% net interest in the Onshore Rovuma concession, and 8.5% net interest in Rovuma Basin Offshore Area One.

Asset Operator Working Interest Status Licence Area (km2)
Rovuma Offshore Area 1 Anadarko 8.50%* Exploration 10,000
Rovuma Onshore Concession Anadarko 10.00%* Exploration 12,000



Mozambique Offshore

In 2010 and early 2011 four significant gas discoveries were made by the Rovuma Offshore Area 1 partnership.

Mozambique Onshore

The geology is akin to that offshore, however there has been oil seeps onshore.