Monday, January 30, 2012

Cove Energy sells Tanzania assets for $38.8M

Cove Energy Plc, a ~$870 million enterprise value company, has signed an agreement to sell its assets in Tanzania to one of its partners – Wentworth Resources based in Tanzania. Pursuant to the transaction, Wentworth Resources will take control of Cove’s wholly owned subsidiary, Cove Energy Tanzania Mnazi Bay. Continue reading here..

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