Bowleven Share Discussion Threads

[alamaison] 05/12/2016 10:11

Assets + cash = over 150m
Valued at 80+m?
Sure I must be crazy.
Back in HNR at 32p

[hazydaisy] 04/12/2016 23:11

FLNG

Etinde mentioned on page 29

[cyan] 04/12/2016 20:06

Market-to-Book Ratio's

SOU 29.08 (wow; could that be a tad overvalued?)

BP. 1.91

GKP 1.69

TLW 1.34

RDSA 0.81

PMO 0.67

RKH 0.56 ( I hold )

BLVN 0.30 (must declare I own an awful lot of these)

GENL 0.08 ( must also declare I hold a lot of these too!)

[tli8jaguar] 04/12/2016 19:10

I emailed Bowleven about Exmar FLNG appears on the presentation slide, here was the answer to my email.

IRqueries
2 Jun

to me
Good morning

Thank you for your email.

The slide you reference includes an operator prepared schematic showing an early stage LNG development scheme being explored by NewAge (the operator). As outlined in the Interims release that accompanied these presentation slides, the joint venture is looking at the possibility of advancing the Etinde development through an offshore processing facility along with the drilling of the planned appraisal wells. Operator evaluation of offtake solutions (LNG/Power/Fertiliser) is continuing – further updates will be provided in due course.

Kind regards

Bowleven plc
The Cube | 1st Floor | 45 Leith Street | Edinburgh | EH1 3AT

[gark] 03/12/2016 21:12

Timing suggests that this is for Etinde and we have agreement to push ahead. Last week's activity in terms of volume suggests that we may get an announcement in the next fortnight.

[tli8jaguar] 03/12/2016 18:40

From the report, it seems NewAge is looking for a ready made vessel.

"The operator has proposed an FLNG solution and has been evaluating
opportunities to utilise existing available vessels. This potential route has
been highlighted to the Cameroon authorities, whose preference to utilise
Etinde gas for fertiliser and gas-to-power projects, when ready, could also
be supported under such a development scheme."

The name Exmar FLNG appears in the presentation.



slide 7.

[warbaby43] 03/12/2016 16:51

"the contract includes the option to build a second FLNG ship" - for Cameroon if ever New Age manage to reach an accommodation with the government for the development of Etinde? Even if that were the case, though, the prioritisation of the Congo asset doesn't instil too much confidence in any expectation of a move towards a drill any time soon.

Meanwhile, back to post 12873 and Tunggie's itemisation of the cash burn and what I find nearly as alarming as the total of $96.9m between March 2015 and 31 October 2016 is that in just this past year 31 Oct 2015 to 31 Oct 2016 expenditure was a gobsmacking $36m ($120m down to $99m with $15m being received at end Sept)

There was some Bomono testing in that period and, no doubt, some fees connected to the swiftly aborted Aminex farmout, but even with their own self indulgence thrown in, I struggle to even begin to imagine how that $36m can be arrived at. Answers on a postcard ....................

[gark] 02/12/2016 20:54

That's a shame thought it was for us

[tli8jaguar] 02/12/2016 19:07

Gark, the bids for the FLNG is not for us:-

Up to four consortiums will compete for a landmark contract to supply London-based company NewAge with a floating liquefied natural gas (FLNG) vessel for operations in the Congo (Brazzaville).

Industry sources said the commercial tender will be submitted early next month, private NewAge intends to contract the first quarter of next year awarded to its first consortium. It is understood that the successful bidder will be the first of the proposed F. The LNG ship for further facilities work and submit a final offer for the design, procurement, construction and installation contract, probably in the second half of next year.

Natural gas will be sold to Asia, the source mentioned that China is a target market, Europe is a spare sales. The project observer said that as many as four consortia are competing for the work, the contract includes the option to build a second FLNG ship.

[targatarga] 02/12/2016 18:33

Something sweet with a nasty aftertaste probably.

[donpatrol] 02/12/2016 17:00

One has to believe in oneself first I suppose....

[bengal1] 02/12/2016 16:48

I think you're looking too deep..the Bod trying to save their skin in a v strange way...buying ones own shares when they should have done some well targeted acquisition.
..really

[iamthedogman] 02/12/2016 16:25

Wookie and fluffy

Starting on the weekend juice a bit early lads....................

[fluffy_dog] 02/12/2016 16:19

30p to begin with and then up to 50p on merger news...

[wookie77] 02/12/2016 15:16

about to rerate 30p first target!

[fluffy_dog] 02/12/2016 13:52

Cyan - you may well be right re merger...

[cyan] 02/12/2016 10:17

I note this late trade too;

01-Dec-16 17:29:59 24.50 562,493 shares

Was it a buy? Very significant changing of hands. Is M & A expected?

Brent $53.49

[jordaggy] 02/12/2016 09:21

You must be crazy putting anymore money into this company.

[gark] 02/12/2016 07:12

They were taking the price down constantly yesterday so think a few limits came into play while the bigger tickets were for 600k and 250k do looks to me like PI tickets still going through.

[bengal1] 02/12/2016 07:10

Who sold so they could acquire?

[gark] 02/12/2016 07:06

That is a big jump in shares purchased. News on the way?

[leedskier] 01/12/2016 23:43

And given he is not the CEO of all the other Aim oilers, why are they not moving?

Answer is that the MM are not prepared to bid up Aim commodity shares.

Time to get the drains up in that segment of the City.

[cyan] 01/12/2016 19:37

Looks like some positioning is going on, but, to what end?