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
  -0.40p -1.21% 32.75p 32.70p 32.90p 33.50p 32.65p 32.70p 306,751 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -41.2 -13.1 - 106.89

Bowleven Share Discussion Threads

Showing 90026 to 90049 of 90050 messages
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DateSubjectAuthorDiscuss
19/1/2018
17:36
Ah ok so its allegedly Q2 to start, not sure where I got Q4 from. Yeah I am sceptical on Q2 also, that is why it will be interesting to see if there are any announcements as to Rig supplier chosen and timeframes. Finger crossed that there that it pans out as we would like, and that a nice pull back for a buying opportunity during the intervening perod would be nice to get my average down to sub 30p.
benjimun
19/1/2018
16:53
Benjimun, see p8 of AGM Presentation for drilling sequencing and Q2 expectation confirmed by this report from the AGM posted at 17056: "On a positive note next month should be a JV management meeting where tenders will be evaluated (well head already ordered) . Rig mobilisation is scheduled for mid-end march with spudding end march early april anticipated (each well) 100 days drill and between 10-20 days testing. Results from first well hopefully June." While I am O&G sceptical on Q2, even if it drifts into Q3 for IM-6 it will still be "a relatively short timeframe" for Sandgrove as well as for COC and the rest of us. With a stack at 23.3p, I would be quite happy with an imminent 50p but my belief and hope remains that COC will do nowt pre drill, risk entailing though that might be. So far as O&G advice is concerned, they have made clear that while some technical staff have been retained among the now around 10 employees, they will have recourse to outside specialist consultancies. Worth bearing in mind too that COC will have had and will still have O&G advice and guidance from a source they believe they can rely on.
warbaby43
19/1/2018
13:52
Hi Warbaby, My understanding is that the drilling, assuming no further delays, is scheduled for Q4. At this time the JV should be tendering for a rigs for the drilling, anyone heard anything on that? If you have the time go and check out the Sand Grove 13D/13G filings you will see that they bought 5% in firms like, Entellus Medical Inc. There was a relatively short timeframe after they bought 5% before they were bought out. To me it's a big red flag that we are under starters orders. As for COC and Commerzbank, yes I am aware of all that but thats not what I am seeing happening here. I will be very happy to be proven wrong mind and will be happy waiting for the result of Q4 drilling back end of this year. Who are BLVN getting their O&G advice from now, BLVN no longer have a technical member of the board, is there still tech staff to call upon?
benjimun
19/1/2018
11:25
So far as timescale is concerned, while a Q2 drill is almost certainly massively optimistic given the sub glacial pace at which this industry habitually moves, a drill any time in 2018 would be not just short term but near term and near imminent in fund management terms. Also on the COC quick buck contention, worth recalling that to make their EuroHypo killing COC were prepared to wait and battle Commerzbank over at least four years, so while they have been with BLVN for probably around two years they might not be in the hurry to exit that is being assumed especially given a much larger prize might be still near term for them. They, with their O&G advisers, will obviously have calculated the odds on the IM-6 well and be proceeding on a balance of risk basis. Presumed success, though, a dangerous thing in this business with too many things possible to go wrong on any drill and too many supposed 90% wells have turned out to be anything but. Indeed, a gas/water potential issue is actually flagged up in the AGM presentation. The other related factor is that while we refer to appraisal wells, looking at p9 and 10 of that presentation, it appears to me that it is only the first, IM-6, that really counts with IM-7 being effectively an appraisal well of IM-6. Indeed, it would seem questionable that they would even proceed with IM-7 if IM-6 did turn out to be a dud. Or might that be an assumption too far?
warbaby43
18/1/2018
22:24
No it wasn't. They called a general meeting under the Companies Act 2006. There is no such thing as an egm anymore. There was in the 1985 Company Act, but not in 2006 version.
nicobellic
18/1/2018
22:20
Log, If my suspicions are correct COC don't want to buy whole firm, they just want to control 30% and rely on event driven funds to control 50% to make a quick buck and exit. I think there is little or no risk of the Appraisal wells being duds and I think both LUK/NA know this they they are on to a winner. Adding another 1TCF+ to the reserves would materially change our valuation. Its seem clear to me how this is going to pan out, expect more RNS soon as other event driven funds come on board.
benjimun
18/1/2018
19:50
If anyone offers me 50p next week I will take it.
cyan
18/1/2018
19:19
CoC can't buy anymore without making a bid. I doubt their pockets are deep enough or that they want it all. New Age or Lukoil seem like the most likely bidders. 50p may seem cheap if the appraisal wells come good but they may be duds so it's a bird in the hand type situation. I get the feeling something of that order would succeed.
loglorry1
18/1/2018
17:43
Yes if we are sold to COC before drilling it will confirm that parties have been able to make a win/win situation out of the BLVN board profligacy. COC if behaving rationaly should wait for the drills to be completed. However I am expecting a 50pish offer to be made. Wshak appears to have sold out a large proportion of his BLVN holding which I am assuming he did when the shares hit the 40p mark during the March takover period. Given he had been averaging down in the 20's I guess it made sense for him to make 50% plus. He does have significant Qty left(by retail investor standard) in his and a relatives name, which I guess he is letting ride. Does seem a little contrary to his general position of COC at the time, which was that COC were good guys and made money for holders previously. However he may have decided to take money off the table or put the funds into another opportunity. That is supposition of course as he has not as far as I am aware publicly explained his rational for his disposal.
benjimun
18/1/2018
17:22
I see Wshak had been tweeting very recently to the effect that its possible we will be sold ahead of the drills. Not the best way for us to get full value, but, pay-day could be sooner rather than later. That may suit recent buyers but disappoint suffering long term holders.
cyan
18/1/2018
16:35
Benjimun agreed with Sand Grove - ideally I wanted the two drills to take place as I think there is genuine value here, now looks like a real possibility that BLVN might go before. Bomono now written off - company tidied up, COC definitely hold the cards and I believe we may be not be far off a distribution of spare funds to ordinary shareholders. After some years of absolutely no progress 2018 seems to be the year.
yasrub
18/1/2018
16:20
Cyan having looked into Sand Grove this afternoon and it's previous dealing via SEC disclosure documents, I strongly suspect this will happen sooner rather than later! They have typically made anywhere between 20%-60% on their US dealings and their standard buy is approx 5% of the target firms stock. They do seem to be quite fortuitous in their timings in some instances. As I have stated previously I want to see the result of the appraisal drillings before COC sell the company but alas I dont think this will happen. I expect other 'event driven' hedgies to slowly aquire stakes in BLVN in 5% chunks. Once there is a 50% stake concentrated in a few hands, blvn will be sold to NA. COC know that potential barrier to selling the firm to NA is us the retail investor wanting full value and NA will want to buy this prior to drilling. COC will have done their job and made a quick 100+% on their average buy price and the retail investors will make a margin but not much given their long term holding of BLVN.
benjimun
18/1/2018
13:29
nicobellic an EGM was called by the boiler shop scammers and crooked ocean last year.. i think you should learn a bit more about the share game yourself lmao
pjj71
18/1/2018
13:21
Its a relatively easy 'win' for the institutions. Anywhere between 75% to 100% growth from here in next 24 months seems nailed on, imo
cyan
18/1/2018
08:22
Seems there are now 3 Institutional buyers around now. Think a move up is not too far away.
wookie77
17/1/2018
17:11
Looks like that but who has 5% of the stock to sell BoA? Hopefully not CoC! Log
loglorry1
17/1/2018
10:34
PJ - no such thing as an egm under the Companies Act 2006. Have you considered premium bonds as a more appropriate form of investing for you?
nicobellic
17/1/2018
09:37
good luck with thatlmao
stansmith3
17/1/2018
09:37
Bank of America buy the stock, they then write a CFD to Sandgrove. Sandgrove get the return on the stock and pay interest rate to BoA so that they take a position in BLVN without having to fork out the cash. There is only one 5% purchase.
brileyloucan
17/1/2018
08:05
Ah - had not spotted that!
rossannan
17/1/2018
07:59
Note it is a CFD if I read the notice correctly - Need to scroll down to the bottom of the notice. Now why a CFD ?
pugugly
17/1/2018
07:56
Hmm. Maybe something is happening after all.
rossannan
17/1/2018
07:51
Nice to see some new shareholders on the register to keep the boilershop scammers and crooked Ocean in check.. hopefully they will call an EGM soon so they can be ousted and an independent management team elected..
pjj71
17/1/2018
07:41
40% now held by 3 players, interesting...
gark
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