Bloomberg News

Cove Energy Drawing ‘Serious Interest,’ Standard Chartered Says

February 21, 2012

Feb. 21 (Bloomberg) -- Cove Energy Plc, the London-based oil and gas explorer that’s put itself up for sale, is receiving interest from national and international oil companies, Standard Chartered Bank said.

“There is a lot of serious interest across the board,” said John Martin, a managing director at Standard Chartered, which is advising Cove on the sale. “There are serious contenders.”

Martin, who declined to name the potential bidders, said both the world’s biggest listed oil companies and national oil producers are interested.

--With assistance from Brian Swint in London. Editors: Tim Farrand, Peter Woodifield

To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net -0- Feb/21/2012 12:09 GMT


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