Bowleven Share Discussion Threads

[neilyb675] 15/5/2018 16:11

No resistance all the way back to 75p

[benjimun] 15/5/2018 14:45

Unrelated but David Clarkson has joined Sound energy.

hxxps://www.energyvoice.com/oilandgas/africa/171372/ex-bowleven-director-switches-to-sound-energy/

[jordaggy] 15/5/2018 14:15

Our luvs a good spud dus Iaa. Could be an exciting couple of months coming up! hopefully coc will keep us appraised of events...we need news flowing - like gas.

[fft] 15/5/2018 14:05

Not sure why spudding would cause a jump in the price. Leaking results of the drilling may do, but that is a while away.BTW, being a junior partner with no real control (the other companies are way bigger), I hope that samples and logging are available on an equal basis to BLVN as to the other partners.

[loglorry1] 15/5/2018 14:00

Spud is "end of May". This week is a bit premature I think.

[hot_topic] 15/5/2018 13:58

Looks like we could hit 40p this week. Expect spud announcement is imminent :-)

[targatarga] 15/5/2018 09:57

I invested 5,000 into jmktrading and lost the lot.... just beware Frank!

[iamthedogman] 15/5/2018 09:43

"If it seems too good to be true, it probably is"

Only BLVN postings wanted here matey !!!

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[iamthedogman] 15/5/2018 09:19

Could it be the 38p barrier is weakening..........OLIH

[loglorry1] 14/5/2018 17:40

If CoC were going to run off with the cash they'd have done so already and not bought more shares. Always a risk but not one we as minor shareholders can do much about. In any case I think the risk is very tiny.

[warbaby43] 14/5/2018 17:26

"They are carried non-operating partners on Etinde and Bomono is worthless" - true loglorry1, but they are not the only assets, there is also custodianship of the $80+m to consider, which is why I would prefer a counterbalancing voice to COC's.

However, I have backed Herr Stoyanov & Co from the off and continue to do so in the belief that they will pretty broadly do what they put on their tin and one of the principal reasons for that is precedent. As I posted above, the smearing and scare stories only had traction because nowt was known about them but success for them and the rest of us with BLVN and just think of how many other companies there are with self-serving, self-indulgent BoDs that are ripe for the plucking and how much easier it will then be for COC next time.

[3waysout] 14/5/2018 16:47

Thus far we've seen nothing to suggest that the Feb requisitions to kick out the Board has been anything but the right tactic. Share price is where you'd expect it to be and the appraisal well prospects, coupled with the significantly reduced cash burn, is why I continue to hold this stock. Old Joe was always expected to walk the path he did with Premier and Gulfsands. Ashworth simply provided some cover to get things on the right track. They are superfluous to the company's needs. What's required IMO is that management's feet are kept close to the fire and that no screw up are tolerated.

[symbo1] 14/5/2018 12:38

In my opinion it’s always the “ I wasn’t expecting that” expression that will be possibly the most unwelcome when the board is left to its own control and self interest. Let’s hope their better than that. I don’t give a damn what they do really as long as we don’t get shafted!

[gunsofmarscapone] 14/5/2018 12:01

Log I think there is much more to running this company than meets the eye. Even to do little or nothing has to be a decision.

Think Admiral Nelson! The finest example of cool leadership on this earth.

[loglorry1] 14/5/2018 08:57

The company has nothing to do except wait to see what Lukoil/NA do and wait for a bid. There is no need for a strong BoD. They are carried non-operating partners on Etinde and Bomono is worthless. If I were CoC I'd cut costs to almost nil and wait.

[warbaby43] 14/5/2018 07:37

After what happened to Ashworth, and the seeming intention not to appoint an independent NED in succession to the also abruptly turfed out Old Joe, perhaps a difficulty in recruiting a replacement Chairman of any worthwhile reputation.

Indeed, the major concern I have is that of governance with the reason given for the Darby and Ashworth dismissals testing credulity and the board currently consisting of two COC men and with the apparent intention of maintaining a two to one majority over any newly appointed chairman. A right patsy he would be setting himself up to be.

[fft] 14/5/2018 02:41

Maybe just part of the plan to reduce the cash burn. Far preferable to having lots of free loaders on the board who ok every thing and don't care.After the KH days, this lot are a breath of fresh air. They also have a lot of skin in the game (paid for not like previous board). I think their interests are fairly closely alligned with other shareholders.

[bumpa33] 13/5/2018 20:51

Among a number of things, I’d point to the announcements of 13th and 14th of December and subsequently the one on 3rd May.

As nothing operationally has changed in this time period I’d then be wondering what else might have changed that has caused them to put off (abandon?) the appointment of a chairman when on the 13th ”The Company informed the AGM that a search process for a new independent Director had formally commenced.”

Or in other words, why in December did the company deem it necessary to appoint a new chairman but now in May don’t - when the timescales of drills and testing etc are as they were then...

[warbaby43] 13/5/2018 13:46

Over the months there has been a constant undercurrent from some posters that COC will go for an early and cheap sale of BLVN, but what grounds are there for such assertions?

In late 2016 and early 2017 the only reason all the libellous smearing of COC at that time gained any traction at all was that so little was known about them. However, the one thing which was known was their protracted German legal battle with Commerzbank:



That was a protracted battle that went on over several years and inevitably over that time Commerzbank would have made offers to settle out of court with COC. Patently, however, Herr Stoyanov & Co did their risk and reward calculation, resisted such offers and stayed the course and went for the $64,000 (and some!) prize.

I would suggest, therefore, that similarly they will do exactly what they put on their tin back in their Open Letter of 14th February 2017 and stay the course here until at least the end of the appraisal drills or, more probably, FID, before countenancing full value offers for the company.

[uggy100] 12/5/2018 19:34

To be fair we don't know what BLVN will go for until such time as we become aware of the results of the appraisal drills.
I am however pretty sre COC won't be holding back on the results, unlike KH did on the Bonomo fiasco.

[bumpa33] 11/5/2018 17:28

Don’t think you’ll get three figures, would love to be proved wrong - I think this’ll go on the cheap, though still a decent premium from this level. The order book looks to be doing a “containment” job whilst something gets thrashed out.

[gunsofmarscapone] 11/5/2018 12:37

Without in any way wishing to ‘ramp’ I have a private target in three digits (p). A massively strong hold , buy even if a little late to this particular party lol.

All in the spirit of being positive but please DYOR as ever.

[iamthedogman] 11/5/2018 12:05

Bumpa.....

Agree this share price is being held

AIMHO

[iamthedogman] 11/5/2018 09:13

Topaz Driller rig arrives in Cameroon for Etinde drilling......