Cove bosses seeking Celtic success
Any IC readers who have profited from the offshore activities of Cove Energy in Mozambique may soon want to cast their eyes towards Irish waters. Terra Energy, an oil & gas venture backed by a trio of Cove directors, including chief executive John Craven, has reversed into an Aim shell company – Sterling Green – for an aggregate consideration of around £7.5m to be satisfied by the issue of 64.1m new shares, together with the payment of an additional €10,000 (£8,011).
By Mark Robinson,
15 May 2012