Bowleven Share Discussion Threads

[fluffy_dog] 08/12/2016 10:48

Slip,

I think that meeting took place and "advanced" negotiations are still being carried out with the GOC for the floating LNG scheme, which once approved, Etinde drills will be sanctioned by NA. We all know the GOC want the gas for the domestic market so these negotiations could take a while given it is Cameroon!

[alamaison5] 08/12/2016 10:09

Not to buy for a day or two.
So we can see/let the real people trade this share.
Some interest as far as I am concerned.
As soon as we break 27p this will fly to 30p fairly fast.
I guess BLVN will receive an offer for some assets at some stage.
KH is far to slow at developing these assets...

[ihavenoclue] 08/12/2016 08:56

targatarga
7 Dec '16 - 14:53 - 12931 of 12933 1 0

we're voting for kh and friends to walk the plank!

============================

Must be why they are buying better sized chunks daily in the run up to the meeting in order to calm the waters ?

[tli8jaguar] 08/12/2016 08:37

This should make our asset a bit more secured.

(Business in Cameroon) - After a set of endurance trials carried out between 21 November and 3 December 2016 in the Mediterranean Sea, with the participation of Rear Admiral Jean Mendoua, Chief of staff of the Cameroonian Navy; the State of Cameroon has given its approval to receive a new patrol boat christened Dipikar, reveals the specialised website meretmarine.com.

This patrol boat, which should reinforce the surveillance actions of the national Navy along the Cameroonian coast, we learned, is actually a vessel formerly known as Grèbe, and retired from the French Navy in 2010. Bought by Cameroon, it was fully renovated by Sofema, a French company specialised in the sale and maintenance of land, air and naval army equipment.

Commissioned for the first time in 1991, Dipikar, we learned, “is 52 metres long and 9.8 metres wide. With a load displacement superior to 400 tons, this patrol boat has a steel hull and an aluminium superstructure which can reach 18 knots and go beyond 4,500 miles at economical speed. It has a crew of about twenty sailors”.

Dipikar is the 2nd large patrol boat purchased these past years by the Cameroonian army, after the Rio del Rey, which helps in securing the coasts and oil operations, particularly in the Bakassi zone, previously the subject of a border dispute between Cameroon and Nigeria.

BRM

[gark] 08/12/2016 08:20

Why is that clever?

[alamaison5] 08/12/2016 07:33

Very clever move:

Date of transaction:

7 December 2016

Total number of Shares purchased:

90,920

Price paid per Share:

25.32p

[slipanchor3] 07/12/2016 19:51

fluffy

KH was very vague, my interpretation was that a joint venture meeting was arranged to take place in about two week time so news of that meeting is due anytime soon.

My understanding was that they couldn't agree on the method of development,whether to drill the appraisals before the development or during the development but the GOC wanted guarantees on the fertiliser plant and gas to power before they would allow the project to go ahead

If BLVN were to run out of capital the beneficiaries would be NA and LO who would pick us up for a low ball offer.

So KH could be making the right decision in not taking part in any M&A he may need the money for an upfront payment if the project is sanctioned. Just my thoughts.

AIMHO DYOR

[alamaison5] 07/12/2016 17:24

Now in NANO, 37p
HNR in at 32p
Sold my CTAG, in at 7.65p
In and buying BLVN

[alamaison5] 07/12/2016 17:22

I am not to sure you'll understand the impact of the share buyback, lol.
Where do you think these shares will come from hey?
KH back pocket.
At this rate 30p by year end is easily achievable...

[targatarga] 07/12/2016 14:53

we're voting for kh and friends to walk the plank!

[wookie77] 07/12/2016 14:45

whats happening on 16th?

[fluffy_dog] 07/12/2016 13:39

It is very quiet here and on LSE. Kevin was a bit vague on the podcast about Etinde going forward. All will soon be revealed but suspect he will want to merge. NA maybe?

[gark] 07/12/2016 13:01

Will everything be revealed on 16th? Very quiet in terms of rumours.

[leedskier] 07/12/2016 10:45

It is kind of bizarre that the Company's brokers seem determined (and able) to buy back the shares at an average price of 25p.

Which makes one wonder who is selling at that price.

[wookie77] 06/12/2016 17:37

that's what I think but looks looks a lot more explosive than that too.

[gark] 06/12/2016 16:51

32p plus by the look of the chart.

[wookie77] 06/12/2016 16:32

inverse head and shoulders neck line 30p?

[wookie77] 06/12/2016 16:31

chart beginning to look v v interesting!

[gark] 06/12/2016 13:52

Looks like they are running out of stock to buy.

[tli8jaguar] 06/12/2016 08:27

This was how the farm out started.

In 2013, XENON advised a Russian family office on its investment into an Eastern European gas asset and sourced and structured a large capital injection by two prominent Russian family offices into New Age, a private sub-Saharan African oil & gas company. In 2015, XENON advised New Age on an additional $50mm capital raising from a private investor and, despite challenging market conditions, has successfully brought to closing an acquisition by an international consortium, to which LUKOIL is a participant, of a 50% stake in one of the most promising offshore fields in the Gulf of Guinea (announced in June 2014).

[donpatrol] 06/12/2016 07:34

$2 million spent so far, only another $8 million to go

[bigsi2] 05/12/2016 17:23

Forget the cash- it will get spent. For now it has underpinned the share price If the asset doesn't get developed soon (by soon I mean 2017) then the mcap is too high IMO-As gas at its current price is far from a priority for most majors and mid caps my guess is Etinde will be delayed.

[pjj71] 05/12/2016 13:39

you forget the KH factor = -75m

[alamaison] 05/12/2016 10:11

Assets + cash = over 150m
Valued at 80+m?
Sure I must be crazy.
Back in HNR at 32p

[hazydaisy] 04/12/2016 23:11

FLNG

Etinde mentioned on page 29