I.e:
I have 100 / 200 mana, i use the spell and let it tick away my mana (say 10/s) to drain energy and healing me (again say 10/s). So i can hold that spell for 10 seconds, getting 100 health back and damaging my foe by 100 hp. But now i'm totally out of mana.
You'd probably need to be vulnerable whilst doing this, so you couldn't get away with popping it out in the middle of a crowd of bad guys. It would be a nice finisher to the last guy in a mob, or perhaps marvellous to use when stealthing through a cave and you wish to take someone down silently.
So, is this a do-able thing? Does something like it exist already?