Cove Energy plc , announces that following the admission and issuance of
35,000,000 Ordinary Shares of 1p each on 3 July 2009, the Company’s total issued share capital will consist of 58,348,334 of Ordinary Shares, with voting rights (one vote per ordinary share).

Cove Energy does not hold any ordinary shares in treasury. The figure of 58,348,334 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority’s Disclosure and Transparency Rules.

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Note to Editors:

Cove Energy’s strategy is to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium and larger oil and utility companies. The Company’s initial focus will be on Africa and the Mediterranean. The Company will be “opportunity driven” but the objective is to target assets in areas where larger oil companies are not yet active or have overlooked opportunities. Cove Energy will also seek out assets owned by companies in distress as a result, for instance, of the current global economic climate.

The Company intends to operate with a minimum level of staffing but with a larger experienced “virtual” skills-pool from where it can draw on relevant experience on a case-by-case basis. The Company intends at the outset to partner and joint venture with investors and associates who will support Cove Energy with commercial skills and influence in areas where the Company intends to grow its business.