tax clarification

  • Cove Energy announces Mozambique tax clarification

    Cove Energy announces Mozambique tax clarification

    Tuesday, 10th April 2012
    On 2nd March 2012 Cove Energy announced that it was seeking clarity on a possible tax charge to be levied by the Government of Mozambique in relation to the indirect transfer of the Company's 8.5 per cent participating interest in Rovuma Offshore Area 1 and its 10.0 per cent participating interest in Rovuma Onshore block (together the 'Mozambique Assets') which would arise on the takeover of the Company.