Bowleven Share Discussion Threads

[gark] 21/10/2020 11:07

Thanks for posting. It looks like the Russians want this to move forward so I would hope reflects upon the likelihood this will move ahead next year.

[nufckk] 20/10/2020 22:58

www.anglophonecrisis.org/2020/04/04/from-Russia-with-gas/ Found the above article today. It’s a bit old but might be of interest.

[kbrook] 12/10/2020 13:03

Have you lost a month somewhere?

[ctc1] 12/10/2020 09:16

RNS said they would update on conference call but I did not see it.

[ham74] 12/10/2020 09:09

You mean did anyone register to dial in to the future call on November 5, 2020?

[ctc1] 12/10/2020 07:42

Did anyone listen to the conference call on 5 Nov?

[ctc1] 12/10/2020 07:41

Did anyone listen to the conference call on 5 Nov.?

[squintyflinty] 08/10/2020 09:24

This share is falling on a daily basis.I use to be a holder but sold out many years ago around the £2 mark. Had the shock of my life when I looked up the current share price.I'm tempted to buy again but will hold my nerve until the current slide is over.

[gark] 07/10/2020 12:02

If we get to FID $25mn payment from Lukoil so that may cover equity?

[d1nga] 07/10/2020 09:02

hTtps://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/fitch-slashes-european-gas-price-assumption-as-lng-glut-persists-58983917 It ain't going anywhere soon imo

[gark] 07/10/2020 08:48

Given the value if FID is reached then this is a positive RNS. Slight concern around equity but given our share and the fact that this is likely to be reliant on more in the way of project finance debt then I am ok with that. Also if FID is reached there is also the possibility of our share being bought out. We are heavily discounted at the moment so I would expect a steep move up if we get to FID.

[annual austerity] 07/10/2020 08:43

One finds encouragement in this RNS simply by considering the alternatives...

[hernando2] 07/10/2020 08:13

Equity raise mentioned, i bet COC wished they hadn’t heard of Kevin Hart or BLVN

[warbaby43] 07/10/2020 07:56

Covid caused FID delay heavily flagged back in March in Interims, so absolutely no surprise there. Otherwise, all appears to be going in accordance with what had been trailed and roll on the next Conference Call, all of which to date have been highly informative and good on Chahin for holding them

[annual austerity] 07/10/2020 07:40

One is cautiously optimistic. One is also rather lonely - where is everyone? Manual Dexterity? Finally, an RNS has landed and it sounds encouraging...

[under the radar] 06/10/2020 13:38

BOR breaking out of triangle now and it’s up 19.7% 465mb of light sweet crude No debt Own 100% of acreage BOD have skin in the game Quick payback time Under $35 a barrel costs Could be a oil rim below Darwin $2.5m enough to last 2 years Mkt cap £3m Potential 1mb total sourounding Darwin Huge prospects on our acreage Fairway play Great news today about PMO merger for all Falkland companies. Well worth tucking a few away imho ATB and GL whatever you decide hTTps://www.newtraderu.com/wp-content/uploads/2020/02/Falling-wedge-pattern.png

[ham74] 02/10/2020 15:07

Is this a cryptic puzzle or a fat-fingered typing error?

[p_j_s1] 01/10/2020 16:51

lopo,,paswgiidjjjk.ddldplldlrdddpfrjabrbbddykkkryrbyigkaa,kkffrdiddlhidrryywrdjarwggjiwwdk,lmld,lddbddddgzwyg

[gark] 30/9/2020 17:32

Surely this comes to fruition and if it does we see a material increase in value...

[warbaby43] 30/9/2020 15:41

VOG accounts released with much kitchen sinking by new BoD: Https://polaris.brighterir.com/public/victoria_oil_gas_plc/news/rns/story/rgen53w With the following mentions of the NA LOI and of the AKSA power project and other prospective GDC customers: Letter of Intent signed with New Age "Discussions during the period resulted in the Company announcing in February 2020 a non-binding letter of intent ("LOI") for the supply of natural gas from the Etinde Field, offshore Cameroon. The project, and in particular the upstream development, has many conditions that have to be met before it becomes a reality. The Etinde owners (New Age, AIM-listed Bowleven, and Lukoil) have stated publicly that they hope to make a Final Investment Decision on the offshore development in the next six to nine months. In this case, the upstream joint venture partners will be taking the subsurface geological risk, drilling operational risk, and will have significant capital at risk." "Other Independent Power Producers - AKSA In July 2019, the Company and Aksa Enerji Uretim A.S. ("AKSA") signed a term sheet for the sale of approximately 25 mmscf/d of gas (the precise volume will depend on the calorific value of the gas and the genset specification) to AKSA's proposed 150 MW Douala Power Station (Bekoko). The term sheet is subject to various conditions precedent, including government approvals and the signing of a Power Purchase Agreement with an electricity distributor. On 2 July 2019, the Minister of Water Resources and Energy of Cameroon, on behalf of the Government of the Republic of Cameroon, and AKSA, entered into a Memorandum of Understanding to develop a 150 MW of power plant project at Bekoko, subject to receipt of the requisite approvals and licenses. The location of the proposed power plant is expected to be near the existing Bekoko substation, not far from GDC's existing gas pipeline network. New Opportunities: The installation of a major gas pipeline network from Limbe to Bekoko (part of the Etinde Project, operated by New Age) could provide numerous additional opportunities to GDC, which otherwise would have been deemed uneconomic. This pipeline may allow GDC to be in a position to supply gas to smaller towns along the route into Douala, such regions and towns as Ombe, Mutengene, Tiko and Buea, and provide much needed power using smaller gas-fired power plants."

[annual austerity] 28/9/2020 19:52

One hopes so.

[gark] 28/9/2020 12:38

Thanks for that. Something seems to be happening in the background. Hopefully will get some positive news soon.

[warbaby43] 28/9/2020 11:46

For a long time in the last decade the presumed destination for c70mmcfd was a large fertiliser plant to be constructed by Ferrostaal in Limbe and, indeed, an MoU was signed to this effect in April 2012. It was a project that appeared to wither and die and I guess the general assumption was that Ferrostaal got fed up with the near impossibility of being able to sensibly deal with African governments (there was a parallel project in Tanzania) and simply pulled stumps. With a hat tip to "happysparrow" who posted this, plus some historical links, over on the VOG LSE board on Friday last. All very odd and probably nowt more than a journo with nowt else to write about or allowing himself to be used by another Cameroon pol to snipe at Monsieur Motaze: Https://www.investiraucameroun.com/economie/2509-15267-depuis-7-ans-ferrostaal-peine-a-materialiser-son-projet-d-usine-d-engrais-chimique-dans-le-sud-ouest-du-cameroun "(Business in Cameroon) - The Cameroonian ministry in charge of the economy (Minepat) informs that the German company Ferrostaal is struggling to materialize its chemical fertilizer plant project in southwestern Cameroon. According to this Cameroonian public administration, Ferrostaal, specializing in the manufacture of chemical fertilizers, has been in negotiations for four years with Cameroon and other partners. However, “? the negotiations come up against the proposed gas price which makes the project unprofitable. The file is at the National Hydrocarbons Company, ?”reveals the Minepat. And yet, from February 14 to 18, 2018, a delegation of German businessmen, led by Günter Nooke, Chancellor Angela Merkel's special representative for Africa, stayed in Cameroon to revive this project. After being received by the Head of State, Paul Biya, on February 15, an audience was granted to the German envoy by the Minister in charge of the Economy at the time, Louis Paul Motaze. The German side then explained that Ferrostaal's discussions with SNH are stumbling over the cost of raw materials. Mr. Motaze had promised to study the matter. But since then, the project has stalled. For the record, a commercial pre-agreement, relating to the supply of natural gas to the future chemical fertilizer production plant in Limbé, was signed in 2013, 7 years ago. It was between SNH, Ferrostaal and the company EurOil Limited. The chemical fertilizer production project should require an investment of CFAF 1,250 billion, for an annual production of 600,000 tonnes of ammonia and 700,000 tonnes of urea, intended for the local market and for export. The infrastructure is expected to be supplied with gas to the tune of 70 million standard cubic feet per day. Sylvain Andzongo" "happysparrow" also posted this which has previously appeared on this board: Https://www.energymixreport.com/cameroon-seeks-new-partner-to-build-limbe-power-plant/

[nufckk] 25/9/2020 19:26

From memory has it not been mentioned previously that they were looking to do away with the trustees as part of the cost cutting. No EBT shares or director share schemes,no need for trustees, meetings, expenses etc. Having said that I can’t find a reference to it and bearing in mind our last communication was April it’s taken a while to get around to it

[bakero] 25/9/2020 17:09

I don't know...but the trustees of the EBT must have been in agreement, so presumably there was an excess of shares held in EBT which will not be required to satisfy incentive awards vesting in the future.