Cove Energy plc, the AIM quoted upstream oil and gas company, notes the announcement at 7.00 am on 17 August 2012 (the "Announcement Time"), by PTTEP Africa Investment Limited (PTTEP AI) that all of the conditions of its recommended offer for the entire issued and to be issued share capital of the Company (the "Offer") had been satisfied or waived and that, accordingly, the Offer had been declared wholly unconditional.
Change of directors
With effect from the Announcement Time, Mr Michael Blaha, Dr Stephen Staley, Mr Frank Moxon and Mr Anthony Golding have resigned as directors of the Company. Dr Anun Chonchawalit and Mr Direk Wangudomsuk have been appointed as directors of the Company (the "New Directors"). Mr Michael Nolan and Mr John Craven will remain as directors of the Company. In addition, Dr Anun Chonchawalit has been elected Chairman of the board of directors of the Company.