2012 February

It’s the end of February today and soon to be hello March tomorrow. Borders and Southern ended january with the long awaited spud of their Darwin Well in the Falkland islands. See previous post here. The company gave guidance of 45 days inc testing baring any mechanical/operational issues. Hence, assuming all is going well – …

Cove confirms that GAIL are interested in making a bid for the business which clarifies the rumour posted on thesharehub yesterday. As seen with Bowleven/Dragon – GAIL could walk away but PTT’s offer of 220p still stands firm. It’s unclear whether PTT will up their offer or whether Shell will improve on their 195p bid. …

Dragon’s pullout from a Bowleven takeover today may well close one door on part of the story, but the other door remains firmly open. And that’s Dragon’s ambitions on boosting their reserves and exploration opportunities. These are firmly ‘out there’ now and some investors will be pondering on who their next targets might be. So …

RNS from Dragon confirms they are no longer looking at a takeover of Bowleven. This might have something to do with the fact that Bowleven’s sp has jumped from 90p ranges to 150p today after several bidders entered the fray on Cove. Dragon might also have got a whiff of a second interested party which …

If the below story proves true – then it will bring much cheer to COVE investors as they could see a 25% premium to Shell’s initial offer placed on the table. Analysts had cited the Shell deal as being ‘generous’ after most valued COVE at around 150p per share. Clearly 245p is a very long …

It’s been a slow but steady start to 2012 for Parkmead (the baby dana). It comes as no surprise to many to see Tom Cross, securing licences from his previously run company - Dana Petroleum. There’s no doubts that Mr Cross understands and knows these licences better than most – possibly better than the new owners …