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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bowleven Limited | BLVN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 | 0.275 |
| Top Posts |
|---|
Posted at 23/8/2024 12:37 by warbaby43 ham74, herewith some suggested questions for you or anyone else attending the meeting though I would again recommend that once you have compiled a full list, you forward it to the company to give them some notice.Hopefully, like at AGM time you will again be able to provide the same sort of excellent report you provided post that meeting. - Directors to reduce salary/fees – meaningfully, ie at least halved? - Presumably OVMK is staying on board but can anything be said of the position of the other 3% investor? - The transition from PLC to Limited = a new entity so is consent required from SNH and been received? - How much is this exercise costing and how much of the $2m raised in March will remain once complete and what is the forecast monthly expenditure for the next twelve months? - Are COC contributing to the cost of this transition? - Can an indication be given of the sort of updates the new limited company will be providing to shareholders via the company website? - As the operatorship is pivotal and as, post Perenco interest, New Age dismissed their tech team in Autumn 2022 is it known if they have recruited/are recruiting replacement personnel commensurate with their position as Operator or are they still seeking an exit from the JVP? - At the time of the Interims, it was indicated that a meeting with SNH was anticipated regarding the proposed pursuit of the Bioko development concept, did that meeting take place and were SNH supportive? - Is the JVP yet unified on the form of Bioko development concept? - Are the considerable tax losses accrued by the PLC transferrable to the LTD? - As part of their "Open Letter to Bowleven Shareholders" of February 2017, COC posited "With Bowleven becoming an efficient, one-asset company with available tax losses to shelter future taxable income, we view it as a likely scenario that he final monetisation of Etinde would take place in the form of a corporate transaction, ie an offer to all shareholders by a third party" - does the new board of Bowleven Ltd share that forecast likely scenario? |
Posted at 09/8/2024 06:11 by jordaggy Cons of accepting the Exit OpportunityThe Company continues to believe that its interest in the Etinde Permit represents considerable value over the long-term. The Etinde Permit lies in shallow water in the prolific Rio del Rey Basin, and contains a number of liquid-rich gas hydrocarbon reservoirs. Payment of $25m is due to the Company from the JV Partners once FID is reached on the development of the Etinde field. The Board believes that value may be realised from the Etinde Permit as the asset is de-risked and brought closer to development. Accordingly, those Shareholders willing and able (depending on their circumstances) to accept the risks associated with remaining as an investor in an unlisted company controlled by Crown Ocean Capital, may wish to remain as Shareholders to maintain their exposure to the Company and Etinde but the Board is not making any recommendation to this (or any other) effect. |
Posted at 25/3/2024 07:56 by ham74 Warbaby - what threshold is needed for these resolutions to pass? Is it a simple 50% , or a higher percentage? And is it all shareholders, or only those present at the AGM?We only have 30% in the bag from Crown Ocean. Presuming the Dutch vote only gets us to 34%. Sand Grove is interesting, I am not sure what their percentage was on the relevant date, and would they bother voting if they are reducing their holdings? Private investors are definitely the wild card, especially as brokers differ on how they flag up the corporate actions. |
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 20/3/2024 19:13 by ham74 Basically if less than 20% of investors subscribe for any shares, I think Crown Ocean will end up over 50% |
Posted at 16/3/2024 08:42 by ham74 VOTE AGM NOWWhether or not you plan to avail of the open offer, you should vote so the company can go ahead with it, and has some chance of a future. Hardly anyone voted at the December 2023 AGM, but now its vital that everyone does so. It would be a great shame if the company had to shut down just because people could not be bothered to log into their brokerage accounts and vote. On interactive investor, whoi emailed me today, its under Voting Mailbox. On Hargreaves Lansdowne, who have not alerted me yet, its under Shareholder Meetings. Not sure where to find it with other brokers, if you can't find it, ask them. It takes a few seconds to just click For All. You can also get an email confirmation of your voting choices. I've attended two prior AGMs, 2021 and 2023. I won't be able to attend the April 2 AGM in London, but anyone who can do so should, to see if they can glean any insights. |
Posted at 15/3/2024 08:06 by ham74 Deadline for funds being available is April 2. Not clear when the decision deadline is? I have not yet seen a corporate action form on interactive investor, but these things can take some time. |
Posted at 17/11/2023 09:58 by ctc1 The last AGM I attended our illustrious leadership, Eli Chahin and cronies, cosseted themselves in a separate room for refreshments, while we small private investors were shepherded into the presentation room without even a cup of tea or glass of water. |
Posted at 16/11/2023 07:30 by ctc1 yes, it's box ticking and boring. private investors are powerless in the context |
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). |
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