Bowleven Share Discussion Threads

[dunderheed] 01/2/2018 10:12

40785/40786 (sic) and 40787 please can you refer to 40783?

[pjj71] 01/2/2018 09:55

And given the lack of revenues it is shareholders equity that is funding the lavish salaries!

[pjj71] 01/2/2018 09:53

I'm not interested in multi-year pasts... my concern is the future and credibility of the crooked ocean who are now in control!!! given their pitiful performance to date I wonder whether they are spending too little time on looking after the 'other' shareholders!! All I've seen so far is the awarding of generous options to the board and nothing of merit for the rest of us.. as i said they cant even update the market on the New Age drilling rig award... Laziness and greed personified!!!!!

Maybe you can highlight the hard work the new management team have supposedly done to justify their eye-watering salaries????

[librag] 01/2/2018 09:30

Pyjamas;
Nevermind specsavers, someone needs new eyes! Look at a multiyear chart with BLVN and oil and then, if you can, explain what you see. Ignore the pink elephants of course.

[dunderheed] 01/2/2018 09:18

I'm always interested in the 'face' 'behind' the avatar.

I have PJJ71 as an old lady - ('perhaps' 71 years of age) - suffering quite late stage dementia?

So I ask PJJ71 and I know it may be difficult to answer (due to 'demented' self awareness issues) but, do you think you could pass comments on my deductions above?

[pjj71] 01/2/2018 09:11

Facts are facts!!!

[pjj71] 01/2/2018 09:09

I think you need specsavers!!!

The share price has tanked 20% since the day KH was booted out!
The oil price is up 60%!!!


Are you really that delusional?????

[librag] 01/2/2018 08:46

Is 71 your birth year or IQ?

"Have you not seen the rebound in the oil price?!?"

Yes, and it correlates directly with BLVN's share price

[pjj71] 01/2/2018 08:28

i think you are not the full shilling if you think the dire performance of BLVN since crooked ocean have taken over the helm is anything other than woeful! Have you not seen the rebound in the oil price ?!?

[stansmith3] 31/1/2018 19:26

does seem like she is not the full shilling

[nicobellic] 31/1/2018 19:24

All of 1.9% down and pj has creamed her knickers. FFS.

[stansmith3] 31/1/2018 16:15

this ocean lot really are all powerful, all my oil stocks are getting hammered

[pjj71] 31/1/2018 10:18

oh dear... tiiiiiiiiiiimmmmmmmmmbbbbbbbeeeeerrrr.... cant wait to hear the crooked ocean defenders view on this tanking!!!!

[dunderheed] 28/1/2018 17:44

Mate I used to but have passed that to you now!!
I just had him as a KH stooge but dont think that's correct.
So just exasperated by his purchases (?) but at the end of the day we've all been there as well!

[dunderheed] 28/1/2018 13:32

Good post Stan!

[librag] 26/1/2018 14:49

Idiot.

Look at the oil price graph, superimpose BLVN's share price over the last five years.

In 2014 and 2016, BLVN shares crashed c/w oil. Who was in charge then?

Recently the share price has correlated nearly 100% with oil. The Crown effect is real and contradicts your interminable wittering.

[pjj71] 26/1/2018 08:32

i see the market continues to lack faith in the crooked ocean/boiler shop cartel at the helm.. unbelievable that an asset with such potential has been crushed by the shambles of 'management teams' that have been bestowed on BLVN.. despite the rocketing in oil the share price tanks along at levels below when KH left... An FCA investigation needs to be called....

[hazydaisy] 25/1/2018 15:01

Google search results

CAMEROON : Biya's risky bet to douse Anglophone fire with petrol
hxxps://www.africaintelligence.com/.../biya-s-risky-bet-to-douse-anglophone-fire-with-pe...
2 days ago - According to our sources, president Paul Biya would like to give EurOil Ltd (local affiliate of Bowleven) a leg up to acquire a permit. The company, which is already active on the Etinde block, was founded by Anglophone Cameroonian senator Ndieb-Nso George Tabetando, a native of the southwest region where political ...

[benjimun] 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.

[warbaby43] 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.

[benjimun] 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?

[warbaby43] 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?