23.01.2012

BP has joined the race to acquire Cove Energy, the €795m oil explorer headed by John Craven, the Dublin-based exploration industry veteran. Craven previously founded and ran Petroceltic. The jewel in Cove’s crown is an 8.5% stake in the Rovuma gas field, off the African coast, potentially one of the most important gas-field finds of the past 10 years.

Shane Reihill, the executive of TVC Holdings, raised his stake to more than 25% by spending €2m on shares at 69c. Japie Deysel, the chief operations officer, at Kenmare Resources, made €180,000 by selling shares in the mining company at 50p.

Finally, where are your top prospects investments held? CSO stats show that while house prices fell 16% in the past year, 39% over 3 years, share prices have risen by 6% in the last year and 35% in the last 3 years.

Source: Sunday Times