Cove Energy drops on possible Mozambican tax

Cove Energy, the commodities explorer, has dropped sharply this morning on fears it may face an unexpected tax charge.

Cove Energy, the commodities explorer, has dropped sharply this morning on fears it may face an unexpected tax charge.

Cove owns an 8.5% stake in the huge Rovuma gas discovery offshore Mozambique and is currently the subject of a bidding war between Shell and the Thai national energy company PTT.

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