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BLVN Bowleven Plc

0.165
0.015 (10.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bowleven Plc LSE:BLVN London Ordinary Share GB00B04PYL99 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.015 10.00% 0.165 0.10 0.20 0.15 0.15 0.15 233,534 16:40:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 0 -2.02M -0.0062 -0.24 491.2k
Bowleven Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker BLVN. The last closing price for Bowleven was 0.15p. Over the last year, Bowleven shares have traded in a share price range of 0.111p to 3.35p.

Bowleven currently has 327,465,652 shares in issue. The market capitalisation of Bowleven is £491,198 . Bowleven has a price to earnings ratio (PE ratio) of -0.24.

Bowleven Share Discussion Threads

Showing 87551 to 87568 of 92900 messages
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DateSubjectAuthorDiscuss
02/3/2017
10:25
Hart or COC?
Scylla or Charybdis?

I've decided to take the 3rd option and sell my holding.
Good luck chaps, I'll be watching this one out from the sidelines.

phowdo
02/3/2017
10:01
Hi winnet. I am not so sure VOG are the sort of partner BLVN are looking for as they are cash poor.
BLVN are looking for more appraisal drilling and we know how inexpensive that turned out to be ! lol

cyan
02/3/2017
09:54
i suspect as the farmee will be VOG and its their infrastructure they are linking into.

We'll need to wait and see. But a VOG farm in would be the most likely strategic option for the asset.

winnet
02/3/2017
09:47
Why are the board so desperate for a farm-in to BOMONO if its so close to monetization for next to no new capital, as they implied.

No, there's a lot more cash needed there and they need to burden share imo.

BOMONO looks like its an ongoing money pit.

cyan
02/3/2017
09:39
When is this Bomono revenue going to kick in?

-----------

As you know we are awaiting governmental approval on the PEA - i assume once this is granted we can get going. I would hope with the year. But this is Africa.

winnet
02/3/2017
08:50
G and A has been cut to circa 8 million. Ongoing cost cutting is taking place to reduce this figure.

Bomono revenue (as i have said many times before) will cover the G and A. I am not concerned about this figure. Businesses run properly cost money to run. There have been mistakes in the past and G and A wasn't cut quick enough following Etinde disposal.

However, to meet our ongoing development commitments, both on Bomono and Etinde, and to ensure we have the flexibility with any new projects, and to keep the business as fundamentally an O and G business (which is what i want to invest in) then we need some staff.

The key question is, what level is appropriate?

Now to me, cutting G and A to 1-2 million as proposed by COC means we are a holding company, not an O and G business.

Fundamentally, I do not want any part of this, as it means the end of BLVN as a business. There is no need to close the business down you would only do so if you see downside from here. I don't, i believe in the assets we have and the route to their monetisation is to develop them further, not sell them on now.

Vote against IMO.

winnet
02/3/2017
08:46
My instinct would be posters being paid by both sides! KH and COC will both play dirty!
targatarga
02/3/2017
08:44
LE CON is a jackanory story teller who has been caught out many many times... a day dream believer...FACT
carla1
02/3/2017
08:22
Who would in their right mind enter into a farm out(even if it was economically viable), whilst this vote plays out.

the board have painted themselves into a corner with their hiding of information and wild double or nothing spending plans. IMO

hernando2
02/3/2017
08:13
I would expect the stock to drop back towards 25p if the resolutions get defeated but who knows. I was under the impression that we would get an announcement on the bonomo farm out before the vote, so its disappointing to see no news.
billytkid2
02/3/2017
07:20
Beware of Le Com fella who based on his recent posts appears to be another sidekick of the incompetent bunch who wants nothing more than to keep the gravy train running!
durby
01/3/2017
21:49
At least 2 paid for posters on this board or i am a dutchman with 3 legs.

I asked if COC could 'stoop to the street'.

Seeing a very coincidental influx of new posters on ADVFN, iii and LSE all joined within the last 4 weeks but all using strangely enough the same paraphrasing, sentence structure makes this cynical hound believe in the conspiracy theory put forward by Goldman when they uncovered paid for posting groups on US platforms.

Obviously it is a public forum, but i will repeat again, this is a pure unadulterated asset raid that even my own dubious deceased hamptons would be extremely proud to have worked.

I have called down the BoD repeatedly and still have my own personal hit list on 80% of the BoD from last year but to my simple business eye, this is as rancid as a 10y old banana and as obvious as a dalek screwing a dustbin.
And that is coming from someone who trades in ssome of the most corrupt markets on god's green earth.

Winnet
Totally 100% agree re the ex drug dealer and the failed Douglas fund manager.
If people believe that those two muppets are in this for COC out of purely altruistic intent then they must also believe in the easter bunny.

le_commissaire
01/3/2017
20:56
JAG

I have a gut feeling it won't get as far as counting the votes, I think there will be a compromise or an offer.

slipanchor3
01/3/2017
20:36
I think the BOD have got enough support, Winnet.

There are suggestions that people are selling because they think COC won't win.

Slip, you can't sell your shares after you voted, your vote won't count.

tli8jaguar
01/3/2017
18:38
Am not sure if this has appeared on here before:



Meanwhile, to snipe at COC over corporate governance and trustworthiness issues would be to assume that the present Edinburgh mafia gang are any sort of exemplars - they most certainly are not.

The heart of the issue for voting shareholders has to be the respective plans for the remaining $90m (or whatever it's down to after Billy's Project Fear spending)

If you want to see the remaining cash, after provisioning for Etinde, funding more Bomono drilling and on pursuing acquisition acquisitions both "to cover G&A" and for exploration "Future New Ventures Opportunities" (P21 of Circular) vote to continue with the present board.

On the other hand, after provisioning for Etinde, if you want to see discontinuation of Bomono activities and pursuit of acquisitions, G&A slashed, remaining cash returned to shareholders and the company readied for sale following Etinde success, then vote for COC.

The issue and the choice between the two visions is stark and simple and trying go for some sort of pick and mix hybrid makes no sense other than being a cop out.

warbaby43
01/3/2017
18:21
KH history of lies greed and deceit proves he is nothing more than a con-man, and like all con-men, he got away with it for so long he thought he was untouchable.

Well, the day of reconning has arrived for him and the Cairn yes men around him. I will be voting foR all CO resolutions, I fail to see how it can be any worst than what we have had to put up with for the last ten years.
AIMVHO

slipanchor3
01/3/2017
15:38
Benjimun

To be clear I have not yet cast my vote.

To begin with I was edgeing towards the BOD, but I have been very disappointed in what has been revealed over Bonomo and company direction.

But as I say I prefer COC business plan as it provides a route to meaningful shareholder value. To carry on as is does not. But I do agree voting COC is a leep of faith, that I'm still weighing up.

tiler1
01/3/2017
14:42
Tiler,
'but at the moment I fail to see how anyone can do a worse job than the current executives' if COC win you might well find out.

Far from being a signed up member of the KH fan club, it has must have been clear to BOD since last summer that COC were sniffing around, hence I guess we can understand why there was no formal announcement on Bomono and it has been dragged out of them kicking and screaming. you would want to bury bad news in any farmin that would make sense. Bomono is not too good but we can make it work for us woudl be the message.

I would also like to remind people of shares like GENL who have performed just as poorly IMHO. Some other like RKH have to started to recover albeit modestly, some have gone bust. As for failing to buy assets cheaply, they need to be the right assets as t the right price relative to cash. I can see where the BOD might have struggled here, the aminex deal was slated and now they are slated for letting it go. I was looking at SDX the other day they bough our circle oils asstes for 30m I think. Wonder if the BOD looked at these or not, given Billy Allen mentioned getting close to buying assets in middle east. Would shareholder have been happy with that. Some of you need to get some perspective.

benjimun
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