Bowleven Share Discussion Threads

[winnet] 23/3/2017 09:26

Evidence! They've laid a strategy out which is based on taking value from LTHs and handing it to themselves. It's theft by any other word!

Also - the point of my post is that Billy is unnecessarily taking a bashing not vice versa!.

[kbrook] 23/3/2017 09:17

And the evidence that they are spivs is where? Why do you feel the need to bash them without evidence, at least they are probably concentrating on the job in hand, is BA?

[winnet] 23/3/2017 08:53

Instead of commending Allen for what is a great project, some posters feel the need to bash him.

Its great that Allen has managed to attract such a large amount of capital to encourage social renewal in that part of Scotland. Bravo.

He's a more decent and trustworthy bloke than those Monaco spivs, or that is how i have found him thus far. IMO.

[stansmith3] 23/3/2017 07:39

well, some may like his style of governance and how he executes shareholders wishes

[d1nga] 23/3/2017 07:36

Do you think many blvn holders will load up in his new fund?? Lol

[stansmith3] 23/3/2017 07:15

i notice no description of what he achieved at bowleven in the bio pr

[kbrook] 23/3/2017 07:04

Good to see that our chairman, who some on here want to support is completely focused on the best for the company and its shareholders

[jayrh] 23/3/2017 05:55

Argos what I was stating is that you said 250 mill you should of known it was 170 mill being invested at that time I take it. The old bod obviously had the fingers in the tills with regards bonomo and everything will come out in wash but I suppose clever accounting will hide any misdemeanor...

[the argus] 23/3/2017 00:25

J,

I've already stated I sold out of BLVN before the first vote, I didn't fancy either outcome, so selling was the right thing to do for me.

Re: Bonomo, the decision to soul-risk the drills was a horrendous mistake and has cost the company over $90m for 2 wells that were supposed to come in about $15m, someone should have been held accountable for the massive overspend but that didn't happen, so COC have stepped in, had the company been run more prudently, they wouldn't be where they are now.

A.

[stansmith3] 22/3/2017 20:16

and some very fortunate fx movements, could be very different if the the lunatics had not taken us out of europe ;)

[jayrh] 22/3/2017 20:10

By the way I thought you was invested in blvn. Farm out of etinde to luk oil was a cash payment of 170mill then 40 mill in drips and drabs the rest is a carry on future wells.

[jayrh] 22/3/2017 20:05

What 250mill how about operational costs at bonomo which the old bod have virtually given away for nothing ..

[the argus] 22/3/2017 19:27

Cheers Stan, forgot about them, that's the teabags sorted for the rest of the year then! :)

[stansmith3] 22/3/2017 19:01

we got some vog shares

[the argus] 22/3/2017 18:58

If that's directed at me Jayrh, to be honest, if I was still holding, I'd be more concerned about what happened to the rest of the $250m and what there is to show for it!

A.

[jayrh] 22/3/2017 18:44

If they sell all assets we have 95 mill to get rid of what do you think will happen to that...

[winnet] 22/3/2017 16:36

Shak - Who says they're going?

I'm sure they have a plan otherwise they towel would have been thrown in by now.

IMO - COC will steal more stationary than Billy.

[stansmith3] 22/3/2017 16:32

le_comthat was discussed over and over, the board were so bad people would take anyone, even mickeyyou say that like its a bad thing, it is no stretch to suggest the board would have wasted the last of the cash in the next year or so, you saw what we got for 100m at bomono -effectively what we sold 40% of etinde fornobody made any promises about coc, most didnt expect any, it was a jump in the dark, for those who could see where we were going

[wshak] 22/3/2017 16:29

le_comm,

Anyone with any doubt about the old board was always going to see them in their true light once the gravy train had ended.

I don't expect them to go quietly, or cheaply. I hope there's a good lock on the stationary cupboard.

[wshak] 22/3/2017 16:27

It says a lot about how bad the BLVN board have been that anyone could trot along and get support for their removal.

Meanwhile, all manner of AIM junk is trading at twice BLVN levels with a fraction of the assets. They generally have a good story, though ... that's AIM for you.

[le_commissaire] 22/3/2017 16:23

stan

Read again. It is not 'COC' who the crowd where interested in. It was that they wanted the BoD out and would have voted for a castrated donkey with hairy warts as long as it would carry on buying the stock.

I benefited from the the 50% so i am not knocking that aspect of it.
We would have waited until 2018 to see the price we sold at so that result of the activist takeout was much appreciated.

I simply do not like bad business ethics when average joe shareholders are involved, hence our 33% on the CBM float to be able to ward off what is slowly becoming an all too familar story with AIM co's.

Hart may be the markets largest sloth but he is a saint compared to Lenigas or Landau.

[wshak] 22/3/2017 16:23

le_comm,

I have never believed that COC were in this for the long term - I just think their plan is one that BLVN should have focused on after the Etinde farm-out - it's one I advocated at the time.

I have yet to see any evidence that COC will steal assets for themselves using patsy directors, which was the implication given by the Board.

Billy has shown his true colours, meanwhile, I'm afraid. If he'd adjusted to the new reality, he could have stayed and made sure that everything was on the level.

[stansmith3] 22/3/2017 16:15

le_com

since mickey turned up

the board continue to show value destruction with the vog deal

mickey has put 50% on the share price


i know which cartoon characters have my backing