Bowleven Share Discussion Threads

[cyan] 30/8/2017 08:54

Possible 'big' news in the nearer term is our divesting Bomono.
The new appointment will likely be cutting his teeth with negotiations on that front.

That is a bit of a sideshow compared to the progress towards monetization of our ETINDE asset.

Hopefully we will get news on a drilling timetable for 2018. Those two free carries are critical to upping our final sales price.

[gark] 28/8/2017 22:01

Almost September. Got to think we are in for some big news in the not too distant future...

[3waysout] 22/8/2017 13:27

Inevitable that it will breach and stay above 30p....greater alignment with Cam Govt given Etinde options being better received, dry powder build up with reduced G&A, LNG market recovery fits in with development lead time on FLNG, locking in low turnkey drill contracts for 2018, management team stays disciplined.....

[pjj71] 22/8/2017 13:04

Where is Kev when you need him..

Shame they didn't appoint him to bring this dog of a share back to life..

Clown Ocean have done nothing to keep the market informed despite wiping millions of the market cap..

[gark] 22/8/2017 12:26

Must be a seller, 100k trades at 30p and it goes down.

[cyan] 22/8/2017 12:08

Good link hazydaisy. Pity the poor souls who paid North of 700P years ago. What a disaster. Now all the late comers will be able to make some decent cash from this low share price

Going to be hard work for those who paid North of seven quid to get 10% back.
I wonder if there are any £7 buyers still holding though?

[hazydaisy] 21/8/2017 17:20

A bit of history

[hazydaisy] 21/8/2017 10:07

Not sure if this link will work ,,but somebody tweeted BLVN had been tipped in Investors Chronical

[cyan] 21/8/2017 09:56

A bit of buying interest today. Not unsurprising if one assesses the long term wind up value that could be released.

A reasonably safe ride, from here, compared to most AIM businesses in O & G sector, imo.

[warbaby43] 20/8/2017 12:46

OK, gonna be interesting, to say the least to see what unfolds and how it unfolds. Meanwhile, I wonder if Our Matt will be buying some shares and, if so, how many. I still note that, contrary to his previous NED practice, Old Joe has still to buy some.

[cyan] 20/8/2017 10:53

I see the new appointment as the necessary multi-skilled expertise required to divest ourselves of BOMONO and ensure the ETINDE sale proceeds efficiently. I do not read anything else into that appointment.
We may see BOMONO go before xmas. ETINDE is a longer game.

[gark] 20/8/2017 09:12

I think we will get m&a activity before the end of the year. This will be done and dusted before December. That explains the recent hire. My view is Bomono gets resolved, govt approve Etinde and then BLVN gets bought out.

[warbaby43] 20/8/2017 07:06

Agreed, and that an envisioned course devoutly to be wished and all pretty straightforward, so why then, do you think, the expanded capacity for fancy financial engineering implicit in the presence of all this restructuring expertise?

[cyan] 19/8/2017 10:54

We have to consider the timing of the appraisal drills and the analysis of the results.
When will they drill ? . Hopefully H1 2018. We can not 'cash out' until we have those results. To sell pre-drill would be a bit like cutting our own throat and missing out on the POTENTIAL huge upside to that 80p number .
Then you have the haggling and legals to consider.

I may be a bit optimistic with a 12 months time-scale

[gark] 19/8/2017 10:25

The way things are developing I suspect we will reach a conclusion by the end of the year.

[cyan] 19/8/2017 10:08

The appraisal drills are key to valuation and possibly a greater pay day.
I agree gark; we get rid of Bomono next.

Then its basically wind up BLVN by selling off our last remaining asset , ETINDE.
We would get a vote in such a case.

I suppose the shell company has some value as getting AIM listings is more challenging than it used to be. The name BOWLEVEN may go on.

50-80p should be the range of the final payout ,imo. Possibly a bit more, depends on how good the drills are.

Timescale to pay day could be 12 months if things go well.

[gark] 18/8/2017 18:03

Think we get Bomono spun out, Etinde announced and then BLVN get bought out for 50p or more and hopefully more like 80p which is where the valuation should be.

[warbaby43] 18/8/2017 17:25

Lots of restructuring expertise now on the board with that also being Chahin's background with Alix partners.

What does it portend we wonder.

[gark] 18/8/2017 15:02

This is being held at this level. Looks like something happening soon.

[haywards26] 18/8/2017 13:24

Agreed Gark, hold onto your shares :)

[gark] 18/8/2017 13:09

M&A lawyer appointed. Things are about to get very interesting IMO.

[cyan] 18/8/2017 10:34

Who do we know who held lots of shares but who is out of a job now? Maybe its KH. Has he got a new job yet? Those horses are not a cheap hobby. Who knows?

[gark] 18/8/2017 10:10

Real battle going on here between a determined seller and ongoing buying. Should clear soon I hope.

[cyan] 18/8/2017 09:37

We an update from the partners. An RNS confirming the reported agreements should be issued. Not enough communication with shareholders.