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
  -1.85p -6.07% 28.65p 28.35p 28.95p 30.60p 28.50p 29.00p 1,900,689 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -41.3 -13.1 - 93.82

Bowleven Share Discussion Threads

Showing 90676 to 90700 of 90700 messages
Chat Pages: 3628  3627  3626  3625  3624  3623  3622  3621  3620  3619  3618  3617  Older
DateSubjectAuthorDiscuss
18/8/2018
16:14
1retirement If Nigel Somerville is stating each drill costs 40m then we pay 25% =10m leaving 30m from the 40m carry to spend on IE4.
slipanchor3
18/8/2018
15:53
With ~$80m in cash reserves but having recently turned up a duster, should the second drill also turn up a duster, does that mean they will have two more attempts at finding some oil in Cameroon before having to come to the market again looking for cash (that dreaded placement scramble for funds)?I'm using Nigel Somervilles estimate of ~$40m required per drill as quoted in his Shareprophets article back in mid July.Any thoughts?
1retirement
18/8/2018
15:38
Ramayer There does seem to be a bit more activity out there today, the Seacor Cheetah has been out to the Rig and 2 Tugs/Supply Vessel are in close attendance. From the position, I have logged the TD is still above IM6.
slipanchor3
18/8/2018
15:36
Thanks for the correction GoM and it's six of the ferula for me! 7,381 I've now got as the bopd figure for IE-3 + 7,195 of condensate with the overall figures for Etinde now reading: 167.5mmscfd of gas + 20,214 bcpd + 10,752 bopd. And now after seeing all those hopes and expectations transformed into water at IM-6 let's just pray for a bit of divine intervention at IE-4 - another 100+ mmscfd will do nicely Lord, and I promise it'll be back to morning Mass every day for me. Meanwhile, thanks for heads-up for Tuesday, slipanchor3.
warbaby43
18/8/2018
10:14
I see people keep using the framout deal base of $2 a barrell as the valuation point. Why would COC sell the remaining stake at $2 a barell. $4 should be easily acheivable. Don't forget the condensate, thats the payoff and the IE4 might well discover. The conf call will indeed be interesting, in terms of possible small upgrade to exisiting resources and what exactly did they during the drill.
benjimun
18/8/2018
07:11
Slip seems to be more action around the rig this morning, does it look like we are moving?
ramayer
17/8/2018
19:58
warbaby43 The format as I understand it to be is when you phone the Event No you inform them whether you want to just listen, speak, or ask questions and they make the necessary arrangements.
slipanchor3
17/8/2018
18:04
Evening Warbaby Looking at your figures for IE-3 you seem to have used transubstantiation to convert most light oil into condensate. Approx 7500 boed is the light oil dst flow from three zones? atb.
gunsofmarscapone
17/8/2018
17:11
Cyan - been here too long and will be glad to get out. Thought about selling at 40p but know there is more value - 50p would be very good and the current cash + assets are worth that. I'd hoped that the IM6 drill result would silence the sceptics and we could move onwards and upwards. Seems we have move twists and turns to endure before we see the end of this saga
hot_topic
17/8/2018
17:09
cyan, I too will be listening closely but am unfamiliar with Conference Calls having never bothered with them in the past - what format do they take - Q&As? I assume any update such as further 310 logging analysis will need to be accompanied by an RNS.
warbaby43
17/8/2018
16:47
Well done holders, lol. KH must be proud and le Com, who's in prison, must be laughing is head off... 24/26p?
alamaison5
17/8/2018
16:41
"severe flatulence"? , "20p" ! We have , imo, circa 18p in cash with another 6p to come from FID payment and that's before you ascribe ANY value to ETINDE. The conference call will be very interesting listening.
cyan
17/8/2018
15:31
Bottom sniffers @20p, expect severe flatulence !!!
roberto mancini
17/8/2018
15:06
warbaby43 Will let you know when the tugs arrive on the scene and she changes position. Not sure how long it takes to plug and abandon.
slipanchor3
17/8/2018
15:02
I wouldn't say BOW is as dead as a door mouse I would say they are very much alive, with a good hand to play and could make thing difficult if they chose to.
slipanchor3
17/8/2018
14:58
Thanks slipanchor3 and I guess a move must be really imminent with c89 of the 150 days already gone.
warbaby43
17/8/2018
14:31
LUK NEW AGE PLAYING A BLINDER, Bowleven the poor relation. Dead as a door mouse!
roberto mancini
17/8/2018
12:36
warbaby43 The Rig is still over IM6 with 1 designated offshore vessel and a-another in attendance, there have been no visits from other craft so all quiet at the moment. GOM Thanks for your book recommendations.
slipanchor3
17/8/2018
12:14
A central issue, I guess, for the Conference Call must be just where do we actually stand on monetisation and particularly on the FLNG project and specifically on sufficient gas flows to make that stack up? Back to p8 of the 2017 AR: Http://www.bowleven.com/sites/default/files/annual-report-2017.pdf "The Cameroon authorities have agreed that the appraisal drilling programme for two wells is to proceed and that, provided 500 bcf of resource is set aside for future domestic gas opportunities, a commercially viable Floating LNG project will be supported if reserves are sufficient." And then on the top line of the schematic beneath: "Concept contingent on successful appraisal drilling – 2 tcf" With said schematic then showing total well flow of 280mmscfd with 70mmscfd going to Cameroon domestic use. Tracking back through results I get to date: 167.5 mmscfd + 20,214 bcpd and 10,752 bopd made up as follows: Mar 2007 IE-2 30mmscfd + 3,800 bcpd Jul 2007 D-1R 25 mmscfd + 1,400 bcpd Aug 2008 IF-1R 2.65 mmscfd + 3,371 bopd Aug 2010 IE-3 50 mmscfd + 7,195 bcpd + 7381 bopd Apr 2013 IM-5 60 mmscfd + 7,819 bcpd One thing question which does arise in mind is, following the flurry of recent announcements of agreements with the Cameroon Government, whether they might have temporarily waived the 500 bcf requirement to get the FLNG project under way given that the power plant and Ferrosataal projects seem presently moribund. Does IE-4 success, therefore, become imperative or are more drills required before that Chinese shipyard can start work on the FLNG barge? Corrections to my calculations welcome.
warbaby43
17/8/2018
11:39
Hi Hot_Topic We might get a big lift IF the next drill finds extra resouces. The data from both drills should aid the ETINDE sales process and the cashing out , is getting much closer. The good news is that we will pretty soon see the back end of BLVN . How many will walk away in profit? COC paid many different prices but those 14 million at 34p stuck in my mind.
cyan
17/8/2018
11:35
Bit of a mixed RNS for me, initial disappointment quickly passed and I think there is some potential positives to take. Firstly, the main aim of the drill " to delineate the wet gas/water contact location” has been achieved. “will allow a revised estimate of the condensate bearing wet gas/water reservoir volume in the 410 intra-Isongo sandstone gas condensate discovery. The Etinde field has discovered wet gas in place of c 0.9-1.1 tcf. “ Will this lead to increased or decreased volumes? Potentially it could firm up high end volumes so be a firm positive. The second is this paragraph "The gas logging data collected in the 310 intra-Isongo showed gas shows during drilling. Well log data and reservoir fluid samples taken provide a good indication that, the Middle Isongo sections in particular, are of interest as the two horizons both show condensate rich reservoir fluid samples." In my eyes that’s a potential discovery of rich condensate which could be very valuable data for our Partners and might potentially be revisited after further analysis. (data like this wont help share price of small AIM company’s but it will be of great interest to our buyers and the long-term future of Etinde) All being said and done it might not be a huge commercial discovery but I bet there lots of important and valuable data to be learnt from this complex drill. I doubt we will ever know the finer details of every part of this drill program and I would have thought our partners will be a little subdued and conservative with any positivity due to political tensions and the fact they could be buying up our share of the field. The relatively low volumes over the last few days points to no serious players exiting and a strong resilience in the share price around 30p. We get another stab at a discovery and DE risking other prospects on our next drill IE-4, so onwards and upwards.
ramayer
17/8/2018
11:29
Agreed - but unfortunately that's the market.
hot_topic
17/8/2018
11:10
Our market cap is now £100.2 million . If one discounts our cash held and the FID payment to come, it appears the market values our 20% of ETINDE at just £22.5 million as opposed to a prorata 2014 valuation; £ 78.72 million. A huge discount. We were hoping for additional volume. We have not lost the volumes we had previously discovered. Crazy.
cyan
17/8/2018
10:25
With all those shares changing hands yesterday I thought we might get a Major Holdings notification - maybe later today.
hot_topic
17/8/2018
09:31
At the time of the im6 spud; Eli Chahin, CEO of Bowleven said: “The appraisal program, for which Bowleven is fully carried, aims to further improve the already robust economics for future development of this world class asset and we look forward to providing an update on IM-6 results over the coming weeks.” hTTps://www.offshoreenergytoday.com/new-age-spuds-etinde-appraisal-well/ ============================================================================ After the results RNS; Eli Chahin, Chief Executive Officer of Bowleven plc, said: “Whilst it is disappointing that the IM-6 well did not make an additional commercial discovery, the data collected is vital in further defining the existing 410 intra-Isongo discovery. “Specifically, after further analysis and reservoir engineering and modeling, we expect to be able to accurately delineate the location of the gas/water contact within the 410-wet gas reservoir and firm-up the reservoir volume. “We now look forward to drilling the prospective IE-4 well which offers the potential to provide an increase to our discovered resource volumes, and derisk several other potential prospects.” hTTps://www.offshoreenergytoday.com/new-age-cameroon-well-dissapointing/ ================================================================================== These drills are about possibly adding to the "the already robust economics" of our "world class asset" The next fully carried drill MIGHT add further.
cyan
Chat Pages: 3628  3627  3626  3625  3624  3623  3622  3621  3620  3619  3618  3617  Older
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