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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bowleven Plc | BLVN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 08:00:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.20 | 0.165 | 0.20 | 0.20 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 24/4/2024 10:15 by manual dexterity Enough cash in BLVN to last till mid 2025. |
Posted at 12/4/2024 14:39 by manual dexterity Brent is up 2.29%. I suspect if things get worse we will be looking at $100 + next week. US crude already up 2.72%. Pete Major shareholder holds over 58% of the equity so there is a bit of a spread.FID will transform BLVN. |
Posted at 11/4/2024 09:15 by manual dexterity UPL is Upland Resources. It was sitting on a similar share price we have to BLVN now around 0.15p and now comfortably sits above 4p. |
Posted at 02/4/2024 13:52 by ham74 Did anyone make the AGM? I missed it this time.Resolutions passed at AGM: Interestingly, about 19 million votes were made against all resolutions. That is about 6% of the shares. I wonder who that might have been? It looks close to the percentage held by Sand Grove before they started selling, which may be relevant for the March 12 cut off date determining voting rights. |
Posted at 26/3/2024 11:52 by manual dexterity Whatever the case o think Blvn will be relatively tightly held. The option ran out today. |
Posted at 23/3/2024 11:33 by warbaby43 For those who haven't had chance to trawl the "Open Offer" section on the Investor Relations section of the BLVN site:Nice work etc: For 12 days per annum plus another £1,500 per day for owt on top of that, this from the Arnoff appointment letter: "You shall be paid a fee of £100,000 per annum for acting as a Non-Executive Director and Chairman ofthe Board. These fees shall be paid in equal instalments monthly in arrears after deduction of any taxes and other amounts that are required by law. 4.2. In addition to the annual fee referred to in paragraph 4.1 above: a) a one-off bonus payment of £100,000 shall be paid to you on the Company securing a Final Investment Decision in respect of its Etinde project; and b) a one-off bonus payment of £100,000 shall be paid to you on a sale of the Company, provided that: (i) the price per share payable in respect of such sale is equal to or exceeds 19 pence; and (ii) the sale price gives an implied valuation of US$50m for the Company’s Etinde project (and existing cash of US$10m plus Lukoil Final Investment Decision payment of US$25m)" With regard to the 19p per share, as the contract is deemed to have commenced on 2nd November 2023 (see 1.1) that figure is plainly based on the old 335m shares in issue and not the new 1.897bn figure. For comparison, looking back to 2019, Arnoff's predecessor, McDonald, was paid $58,000 ie c £46,000. As for everyone's favourite CEO: |
Posted at 22/3/2024 10:55 by warbaby43 "Not sure what their ave ps would be at 60% holding though..? Less than £10m I think."Back in 2016/17 building up to the coup and the expulsion of the jockocracy, COC were buying 96m shares at prices in the twenties and thirties with an average of c28p. Off their total outlay has to be netted the 15p 2019 divi so pre the present exercise they had probably invested c£12m. Where they are going to end up post closure of the Open Offer plainly depends on take-up by the remaining holders but my guess is that they will be holding comfortably over 60%. What happened back in 2017 might be instructive particularly as Bowleven was even featuring in the Press then given the controversy the COC coup caused not least on these PI boards. Even with all that kerfuffle, excluding the COC holding, only c 35% of shares got voted: |
Posted at 17/11/2023 10:03 by ctc1 If the fertiliser plant had been approved as originally planned, without NAge interference and wresting operatorship off blvn, we would all be wealthy now. |
Posted at 10/11/2023 17:27 by wakeland In fairness I don't think anyone either investors or those within the company could have imagined the glacial speed of the Cameroon authorities. It has been dependant on this Perenco deal going through for how many years now? At least they have held off dilution until the spring but if the authorities do not give their blessing sometime soon it is over for Blvn (well for sure the equity). |
Posted at 10/11/2023 11:11 by deanmatlazin BLVN spend £150k a month just sitting duck waiting for Perenco approval. HOw much the management take money for their salary ? Scandalous! |
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