Cove Energy PLC - OFFSHORE AREA 1 MOZAMBIQUE UPDATE

Cove Offshore Area 1 Mozambique activities continue

Cove Energy plc ("the Company" or "Cove", AIM:COV), the AIM quoted upstream oil and gas company, announces an update on activities in their 8.5 per cent participating interest in the Mozambique Offshore Area 1 block ("Rovuma Area 1").

Cove reports that the latest appraisal well, Lagosta 2 (7.4km north of Lagosta 1), has spudded on 11 December 2011 and it is planned that this well will be completed towards late January 2012.

In line with its stated strategy Cove has opened a data room to certain parties who expressed an interest in Cove's participation in the Rovuma Area 1 project.

Early stage discussions with major LNG off-takers in the Asian and European markets are currently taking place to secure long term commercial contracts for the planned production from the Rovuma Area 1 project.

The Rovuma Area 1 partners also announced that long term drill ship capacity had been secured to continue the high impact appraisal, testing and exploration programme in the block to increase the recoverable gas resource beyond the current range estimate of 15 to 30+ trillion cubic feet.

UK Takeover Panel

The Company stated on 2 February 2010 that steps would be taken to clarify the applicability of the City Code on Takeovers and Mergers (the "Code") to Cove. The requisite steps have now been taken, and following further discussions with the Takeover Panel, Cove can confirm that it is now the view of the Takeover Panel that the Code presently applies to the Company.

- Ends -

For further information, please contact:

Cove Energy plc

John Craven, CEO

c/o Billy Clegg Tel: +44 (0)20 7831 3113

Cenkos Securities (Berlin: CCE.BE - news)

Jon Fitzpatrick Tel: +44 (0)20 7397 8900

Ken Fleming Tel: +44 (0)131 220 9772

FTI Consulting (NYSE: FCN - news)

Billy Clegg / Edward Westropp Tel: +44 (0)20 7831 3113

John Craven, Chief Executive Officer of Cove, and a qualified person as defined in the Guidance Note for Mining (Euronext: SMI.NX - news) , Oil and Gas Companies, March 2006, of the London Stock Exchange (LSE: LSE.L - news) , has reviewed and approved the technical information contained in this announcement. Mr Craven is a petroleum geologist with approximately 37 years' experience.

Notes to Editors:

Cove has established a strong position in East Africa with exploration interests in Area 1 Offshore Mozambique, which contains the Windjammer, Barquentine, Lagosta, Tubarão and Camarão gas and Ironclad oil discoveries where drilling operations are planned to continue through 2012.

Cove also holds exploration and production interests in Mozambique Onshore, Kenya Offshore and in the Mnazi Bay Gas Field in Tanzania. Cove Energy has a strong management team with a wealth of experience in the oil and gas business and the operation and management of companies in the public arena. Michael Blaha, Executive Chairman and formerly Country Chairman for Royal Dutch Shell Group in Algeria, is a Petroleum Engineer with thirty one years industry experience, his entire career spent working at Shell (LSE: RDSB.L - news) . John Craven, Chief Executive Officer was previously CEO and founder of Petroceltic International plc, and is a petroleum geologist with thirty six years experience in senior technical and commercial roles in upstream oil and gas exploration and production companies.www.cove-energy.com

Today's Scripture: Titus 3

Today's Scripture: Titus 3 

¹Put them in mind to be subject to principalities and powers, to obey magistrates, to be ready to every good work,

²To speak evil of no man, to be no brawlers, but gentle, shewing all meekness unto all men.

³For we ourselves also were sometimes foolish, disobedient, deceived, serving divers lusts and pleasures, living in malice and envy, hateful, and hating one another.

⁴But after that the kindness and love of God our Saviour toward man appeared,

⁵Not by works of righteousness which we have done, but according to his mercy he saved us, by the washing of regeneration, and renewing of the Holy Ghost;

⁶Which he shed on us abundantly through Jesus Christ our Saviour;

⁷That being justified by his grace, we should be made heirs according to the hope of eternal life.

⁸This is a faithful saying, and these things I will that thou affirm constantly, that they which have believed in God might be careful to maintain good works. These things are good and profitable unto men.

⁹But avoid foolish questions, and genealogies, and contentions, and strivings about the law; for they are unprofitable and vain.

¹⁰A man that is an heretick after the first and second admonition reject;

¹¹Knowing that he that is such is subverted, and sinneth, being condemned of himself.

¹²When I shall send Artemas unto thee, or Tychicus, be diligent to come unto me to Nicopolis: for I have determined there to winter.

¹³Bring Zenas the lawyer and Apollos on their journey diligently, that nothing be wanting unto them.

¹⁴And let our's also learn to maintain good works for necessary uses, that they be not unfruitful.

¹⁵All that are with me salute thee. Greet them that love us in the faith. Grace be with you all. Amen.

 

What is the Meaning of this Text?     bedience to magistrates, and becoming behaviour towards all, are enforced from what believers were before conversion, and what they are made, through Christ. (1-7) Good works to be done, and useless disputes avoided. (8-11) Directions and exhortations. (12-15) Verses 1-7: Spiritual privileges do not make void or weaken, but confirm civil duties. Mere good words and good meanings are not enough without good works. They were not to be quarrelsome, but to show meekness on all occasions, not toward friends only, but to all men, though with wisdom, (Jam 3:13). And let this text teach us how wrong it is for a Christian to be churlish to the worst, weakest, and most abject. The servants of sin have many masters, their lusts hurry them different ways; pride commands one thing, covetousness another. Thus they are hateful, deserving to be hated. It is the misery of sinners, that they hate one another; and it is the duty and happiness of saints to love one another. And we are delivered out of our miserable condition, only by the mercy and free grace of God, the merit and sufferings of Christ, and the working of his Spirit. God the Father is God our Saviour. He is the fountain from which the Holy Spirit flows, to teach, regenerate, and save his fallen creatures; and this blessing comes to mankind through Christ. The spring and rise of it, is the kindness and love of God to man. Love and grace have, through the Spirit, great power to change and turn the heart to God. Works must be in the saved, but are not among the causes of their salvation. A new principle of grace and holiness is wrought, which sways, and governs, and makes the man a new creature. Most pretend they would have heaven at last, yet they care not for holiness now; they would have the end without the beginning. Here is the outward sign and seal thereof in baptism, called therefore the washing of regeneration. The work is inward and spiritual; this is outwardly signified and sealed in this ordinance. Slight not this outward sign and seal; yet rest not in the outward washing, but look to the answer of a good conscience, without which the outward washing will avail nothing. The worker therein is the Spirit of God; it is the renewing of the Holy Ghost. Through him we mortify sin, perform duty, walk in God's ways; all the working of the Divine life in us, and the fruits of righteousness without, are through this blessed and holy Spirit. The Spirit and his saving gifts and graces, come through Christ, as a Saviour, whose undertaking and work are to bring to grace and glory. Justification, in the gospel sense, is the free forgiveness of a sinner; accepting him as righteous through the righteousness of Christ received by faith. God, in justifying a sinner in the way of the gospel, is gracious to him, yet just to himself and his law. As forgiveness is through a perfect righteousness, and satisfaction is made to justice by Christ, it cannot be merited by the sinner himself. Eternal life is set before us in the promise; the Spirit works faith in us, and hope of that life; faith and hope bring it near, and fill with joy in expectation of it. Verses 8-11: When the grace of God towards mankind has been declared, the necessity of good works is pressed. Those who believe in God, must make it their care to maintain good works, to seek opportunities for doing them, being influenced by love and gratitude. Trifling, foolish questions must be avoided, and subtle distinctions and vain inquiries; nor should people be eager after novelties, but love sound doctrine which tends most to edifying. Though we may now think some sins light and little, if the Lord awaken the conscience, we shall feel even the smallest sin heavy upon our souls. Verses 12-15: Christianity is not a fruitless profession; and its professors must be filled with the fruits of righteousness, which are by Jesus Christ, to the glory and praise of God. They must be doing good, as well as keeping away from evil. Let "ours" follow some honest labour and employment, to provide for themselves and their families. Christianity obliges all to seek some honest work and calling, and therein to abide with God. The apostle concludes with expressions of kind regard and fervent prayer. Grace be with you all; the love and favour of God, with the fruits and effects thereof, according to need; and the increase and feeling of them more and more in your souls. This is the apostle's wish and prayer, showing his affection to them, and desire for their good, and would be a means of obtaining for them, and bringing down on them, the thing requested. Grace is the chief thing to be wished and prayed for, with respect to ourselves or others; it is "all good." .

How can We Apply this Scripture to our Life?   In our Bible Study here in the book of Titus we have made application in Titus chapter 1 for the Right Leadership in the Church, in Chapter 2 our responsibility to live right in the Church, and here in Chapter 3 to Obey Government, Avoid useless arguments. We all have a responsibility to live what we study in the scriptures. To not just hear the Word but Obey and live it out in every decision we make. Keeping the main thing, the main thing, Sharing what God did for us through His Son. Once we learn it, we live it, then teach it to the next generation. I have heard of Churches splitting because of the color of the carpet in a building plan. I have heard of Christians not paying their taxes. Fighting within the Church for anything and everything. Be tolerant of believers for their standards and level of their Christian growth. It is really simple, get saved, share Christ, and love others as Christ has loved us. Keep the main thing the main thing.