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Bowleven Takeover Rumours (BLVN)

Bowleven Chart

Bowleven Takeover Price

Bowleven Takeover Forum Posts

03-02-2016
A billion dollars spent and a 4m potential income stream if we spend 8m on infrastructure . Thank God Kevin can strike good deals to flog our assets because doesn't strike me he can generate enough revenue from production. There are two ways of getting a decent return here. Etinde drilling and or a takeover. Gas may be viable and be at a reasonable price but in a bombed out sector in a once in a generation downturn the market presently isn't interested. So roll on Etinde
01-02-2016
can`t see a takeover here, restrictions on Etinde will put them off. WJ.
only hope of salvation is a takeover.
Takeover Target back in the sights!
29-01-2016
i'm not sure why we would want to be taken over in the current market - surely that would yield a much lower level of shareholder return than if we waited for the IM5 drills and the money from Tanz and Bomo to roll in. It might even co-inside with a market pick up? The last thin i want now if a cheap takeover, these are golden tickets at these prices. IMO
bought some... look cheap for a 35p takeover. this will be takenover. reckon they have still got about $90m cash with a further $40m due.
also, as they spend the money and make a business that requires ever more highly paid oversight a takeover becomes ever more unlikely, indeed it wont happenetinde sale only option on horizon
12-01-2016
KH-so far has done very well for us,doing the deal while the oil price was high and not blowing the lot on a takeover a la BG/Shell deal.
23-12-2015
There are no takeover suitors. Just the usual post AGM deflectionary talk that every company has when trying to squirm their way out of appalling performance of the sp etc
22-12-2015
Was abody else @ the AGM? found it... Two suitors circling??? jacarandauk 3UP A while since I've posted but my holding is higher then ever. Obviously disappointed with the s/p. My average is now about £1.20 so well underwater but relaxed overall. The sector is in real trouble but BLVN is actually in quite a good place. The most pleasing aspect of what's been reported to me about the AGM was the chatter afterwards. Apparently there are two very solid companies making noises about a full takeover bid. No idea if the approaches have been welcomed or not but it was inevitable that this would happen with all the cash we have, with more cash to come and soon to be self reliant on some production.... I estimate an eventual sale price of around 90p which would result in a big loss for me but better than 21p!! Big six months ahead. IMHO DYOR
Ah found it... Two suitors circling??? jacarandauk 3UP A while since I've posted but my holding is higher then ever. Obviously disappointed with the s/p. My average is now about £1.20 so well underwater but relaxed overall. The sector is in real trouble but BLVN is actually in quite a good place. The most pleasing aspect of what's been reported to me about the AGM was the chatter afterwards. Apparently there are two very solid companies making noises about a full takeover bid. No idea if the approaches have been welcomed or not but it was inevitable that this would happen with all the cash we have, with more cash to come and soon to be self reliant on some production.... I estimate an eventual sale price of around 90p which would result in a big loss for me but better than 21p!! Big six months ahead. IMHO DYOR
Bow keeps plodding on in these worst of all OIL times. New assets , existing assets and assets still to come . I think Bow will come out the other end very well endowed probably middle to end of next year. Why a bid hasn't been put in for a takeover does amaze me, and I hope it doesn't happen ! Looking ahead there could be 2 income streams next year and maybe some more buying of stressed assets. IMHO GLA investors here
16-12-2015
Malcy on POO and BLVN. He too thinks that a merger/takeover of VOG is the way to go hTTp://www.malcysblog.com/2015/12/oil-price-wood-group-sound-energy-caza-sundry-halbh-pantheon-bowleven-amerisur-and-finally/
08-12-2015
The sad fact is that this will fall to around 12-15p area as oil price collapses then and only then a takeover will come in around 25p. Sad but true. Management is directionless making stupid investments with cash pile whilst paying themselves handsomely for destroying shareholder value. Any care to dispute this Sad fact?Get real everyone.
07-12-2015
Pillow, why would you bail now you keep telling us there are rumours of a takeover. Seems strange to be bailing if that's the case.
03-11-2015
Grahambr, Assuming a takeover happens I think almost everyone would agree that the price would be much higher because Etinde is a good project and the company has cash. In the right hands it would be a good investment and the market might like it. The problem is that despite this, without a takeover the market is pricing in KH spending the cash (like his record suggests) and not getting maximum value out of any of the projects BLVN hold. There's only so long KH can say he's looking to create shareholder value. ! The shareprice has dropped from 400p to 26p and all but the last 15p of that has nothing to do with the price of oil. BLVN has spent $550 million in Cameroon and a total of over $700 million if you include keeping the lights on and salaries etc. It now has around $130 million, 20% of Etinde with a free carry and whatever Bomono is !
I think BOW shares must be worth more than their current value and here's why. If it were possible for a takeover at say 27P then the buyer could immediately get his money back out of the bank (where BLVN keeps its money), Having got their money back they could sit back await for Etinde to be drilled and probably get a great income with no investment. Whilst waiting for that to happen they could then sell the rest of BLVN assets including two drill sites with gas and oils finds already proven, and other licensees they have. This is how I explain their current under worth IMHO of course
12-10-2015
Obvious takeover target now, should rise rapidly from here.
07-10-2015
Takeover talks are in progress hence today's rns
05-10-2015
Hopefully Kev and Ed will offer another PI meeting soon, would be very helpful indeed. I assume that the price action today is due to rig contracts and an update re the forthcoming Isongo Marine appraisals. Perhaps even some licencing info re mhlp 5/6 Not a takeover I think, not yet but almost certainly next year in my (amateur) opinion.
Takeover rumours surround this now
29-09-2015
Talks of merger or a takeover of VOG is doing the share price no good. I think its just rubbish talk and hope it doesn't happen.Either way we could do with an update to let us know if their is any truth to it
09-09-2015
or a takeover?
05-09-2015
ITS COMMON SENSE.WHY DOES NOT LUKOIL BID FOR BOWLEVEN? i have read the presentation agian.does it seem that they have found something on Bomono.?? good post below from LSE. Last drill took around 54 days. This drill may be slightly quicker as the crew will have learned something about the geology. I am guessing Monday 12 October for the next RNS though and maybe another 4 weeks for wireline logs to be evaluated. "Robust 3way dip closure" is strong language and suggests great confidence hydrocarbons have been spotted by 2/3d. It suggests from closure that this is a completely separate hydrocarbon field as it implies the gas/oil cannot migrate elsewhere. I think we are in for good news followed by announcing a GSA with VOG or ENEO. Merger or takeover will do. Multiples of where we are now for the patient. GLA.
02-09-2015
am still in because something is brewing here. takeover by lukoil????? for $250m lukoil should have bought out bowleven (they still can)
PaulI don't know about a takeover rumour but with the Dow down 3% at close you can certainly look forward to a bloodbath open on the ftse and a new all time low on blvn
01-09-2015
Hey nicky thank god you are back. We need a takeover rumour. Good to finally have the harbinger of good news back with us.
27-08-2015
"how come no ones answered my question." Because its a tough question. Its worth what someone will pay. You could argue that 3 years ago £100 million. Different days with oil half the price and low confidence. What was considered "value" in 2012; hTTp://www.scotsman.com/business/energy/600m-takeover-talk-sends-bowleven-shares-spinning-up-1-2123893
Guess that means that the imminent takeover is going to have to be put on hold. I was so confident as well after those new posters arrived and said it was happening. I was surprised that he was able to buy in the middle of a drilling campaign awaiting results. That said it means the results aren't going to be bad, either that or he needs his bumps feeling.
26-08-2015
complete lack of volume could point to a deal being made. Often before a deal (takeover) the volume is very low as key holders are barred from trading. Also, for what it's worth, I called IR at Bowleven on Monday and didn't get a call back. Normally most IR departments call me back. A deal could be brewing. And if it isn't it should be at this crazy valuation
25-08-2015
A bit of nostalgia , lets hope that in another 3 years we see that 200p lol hTTp://www.scotsman.com/business/energy/600m-takeover-talk-sends-bowleven-shares-spinning-up-1-2123893
Takeover RNS must have been delayed due to market volatility.
Bull**** No need to inform a takeover panel at this stage. Why would they release that info when no need to? If talks were going on would be behind closed doors for a lot longer. If your broker knows why will volumes only rise later and not now?
Broker informs me that BLVN have been approached, notification to takeover panel may have been lodged yesterday pending official release.what this space. Exciting and turbulent times. rising volumes later will be the clue.
24-08-2015
so its obvious that this could be a takeover target for lukoil.
No way they`d see 50p offer in todays climate. I`d say if they got a 50% premium i.e 33-34p per share on todays share price than thats about it. Don`t shoot the messenger here, its the reality of takeover offers, they are seldom more than a 50% premium. And whats more is the deal could be done and dusted very fast with KH offered a nice position at Lukoil to smooth the transition.
Takeover declaration
Would take 60p in a heartbeat....but given where we are I expect majority would accept $250m takeover (around 48p) if it was offered today.Dum Spiro Spero
17-08-2015
one of the safest stock on AIM backed by a discovery and cash in bank (with more cash to follow next year). question why did not lukoil takeover bowleven?? it would have been more cheaper.
Good afternoon kbrook. Imo you will eventually profit here. Remember that a very canny man called SUTTIE bought in here at 45p. BLVN is at risk of a takeover during this dismal period. I suspect you would take 50p in a flash. I want a lot more and would be disappointed at 50P.


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