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Share Name Share Symbol Market Type Share ISIN Share Description
Bowleven Plc LSE:BLVN London Ordinary Share GB00B04PYL99 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.375 1.00 1.75 1.375 1.25 1.38 15,660 08:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.4 -0.7 - 5

Bowleven Share Discussion Threads

Showing 91951 to 91972 of 92575 messages
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DateSubjectAuthorDiscuss
11/7/2020
18:33
Is this pipeline about exporting from Congo to Cameroon, or from Cameroon to Congo? Or both?
ham74
09/7/2020
22:23
sounds promising to me. quote:

In addition, documents on the relations between LUKOIL and the State Oil Company of the Republic of the Congo as well as between TMK (Pipe Metallurgical Company) and the National Petroleum Company of the Congo were signed.

The Pipe Metallurgical Company (TMK) is Russia’s leading pipe manufacturer. The project is to build a major oil pipeline, running more than 1,300 km from the port city of Pointe-Noire in the Republic of the Congo to the border with Cameroon.

hxxps://thenewdawnliberia.com/putin-talks-covid-19-libya-and-investment-with-sassou-nguesso/

buy_more
29/6/2020
10:35
One notes that:

“The Operator continues to target Q3 2020 for the integration of these separate work streams followed by project FID. Whilst we, alongside other JV partners continue to target this date, there is potential that some short term slippage may occur, given the complexity of the pre-FID planning process and the need for formal regulatory approval by the Government of Cameroon. In addition, it is reasonable to expect, at this junction, that the COVID-19 pandemic is likely to directly and indirectly impact on the FEED delivery timeline over the coming months. We intend to announce necessary updates when appropriate.”

One assumes that the next update may not be positive and that one must therefore exercise caution. FID is not an Annual Event.

annual austerity
23/6/2020
15:31
From the Aksa 2019 AR:

"Aksa Energy Pursues New Investments
in Cameroon and the Republic of Congo
In 2019, Aksa Energy has established local
companies in order to develop projects
in Cameroon, and the Republic of Congo,
where it has ongoing negotiations with
different parties.
Aksa Energy has concluded a 12-month
Memorandum of Understanding with the
Ministry of Water Resources and Energy
(MINEE) of Cameroon to develop a
150-MW natural gas-fired power plant in
Cameroon and a non-binding protocol for
natural gas supply with Gaz du Cameroun
S.A, a fully owned subsidiary of Victoria Oil
& Gas Plc. The Company has also received
a 12-month pre-license for two natural
gas-fired projects on electricity generation
and sales in the Republic of Congo.
In order for these developments to become
effective agreements in both countries, the
parties must agree on various conditions
such as tariff price, financial guarantee,
project development, equipment to be
used, and fuel supply during this period"

warbaby43
22/6/2020
09:39
ham74, re your post at 18878 - "Total paid about 2 usd per barrel for Tullows uganda assets."

I'm not a follower of Tullow, but see from their press release that Total paid cash $500m + $75m at FID + modest contingent payments based on min Brent of $62, for 33% of the Lake Albert field, but what I couldn't readily find was what that 33% amounted to in P50 bbls of crude. In round numbers, can you indicate that figure is?

I also note that Ugandan production can't start until the the completion of the 1443 km pipeline across Tanzania to the Indian Ocean, start date (originally 2016) now set for April 2021 with completion scheduled for 2024 - ho, ho, ho!

warbaby43
19/6/2020
07:13
http://www.bowleven.com/system/files/uploads/financialdocs/agm-presentation-2019_1.pdf

Last valuation of licence at $150million after impairment for blvn 25%.

That is before FID as has been mentioned.

One assumes with $25million FID and current cash levels and the risks attached one must show interest.

manual dexterity
15/6/2020
19:53
One can be happy with double figures with BLVN.

Trumpian only has 4 months to go till the U.S elections so expect buttons to be pressed in the stock markets.

Cash at last count before $25million FID inc investments was $13million.

manual dexterity
14/6/2020
08:12
Who is wshaks? The name of a poster on here ?
ham74
13/6/2020
11:24
i would love to read wshaks opinion about the future of blvn.
buy_more
11/6/2020
14:00
The spread is crazy, are they trying to deter any trades? 3.55/4.75
kbrook
11/6/2020
10:44
Bid is on the way up again
superbarnet
11/6/2020
07:51
That seems on the low side. Cash balance of USD 11 million as of mid 2019 was already 2p a share. The $25 million FID would add up to about 5p a share. So 20p would leave only 13p a share for 20% of Etinde - less than half the USD 150 million indicative valuation in the annual report.
ham74
10/6/2020
21:29
if we assume that coc's average share price is appx 13-14p and they are happy with a 50% roi then it could be 20p. we will see
buy_more
10/6/2020
15:31
Nice to dream buy-more, but I wouldn't be popping down to the local newly re-opened Jaguar showroom to order that new car just yet based on any company's internal notional valuation.

In any case, that 290mboe recoverable, was reduced as per the D&M audit to 244mboe and it would be surprising if the JVP failed to engineer SNH's participation, so 20% much more likely than 25%.

I, for one, would be blissfully happy if any sale was based on $2/bbl for 20%'s 48.8mboe

warbaby43
10/6/2020
13:56
warbaby ..... ??????????????? At $/£ at $1.25, be interesting to see how that 45p (=market cap of $188m) is arrived at, buymore.

hi warbaby, i was referring to 290mboe in total and our share of 25% of it.

anyway, as per the rns from november 29, it sais:

-The valuation has been determined to be within a range, with a mid-point of $150 million, resulting in an impairment provision of $62 million against the Group's carrying value of Etinde.
-Group cash balance at 30 June 2019 of $11 million with no debt. No outstanding work programme commitments.
-Investment of $4 million in publicly traded limited partnership interests and debt.
-Under the Etinde transaction, access to $25 million at FID.

so the calculation was simple: 150M + 25M + appx 10M cash divided by 330M shares

= 0.45

buy_more
10/6/2020
08:28
Total paid about 2 usd per barrel for Tullows uganda assets. Big oil majors can borrow very cheaply and take a long term view on oil and gas prices.
ham74
10/6/2020
06:42
??????????????? At $/£ at $1.25, be interesting to see how that 45p (=market cap of $188m) is arrived at, buymore.

My calcs, for BLVN's most likely 20% 48.8mboe, gets it to 29p, not that I think that that much will be achieved in this market and with the financial damage that will have been done to all oilies, large and small, over these past months.

warbaby43
09/6/2020
20:58
USD2/boe that would be a shareprice of 0.45 incl cash and 25M after fid
buy_more
09/6/2020
14:15
that's absolutely correct. now the only and last question we have is: how much will we get for our share. 2usd/boe would be nice
buy_more
09/6/2020
13:17
A bit of a contrast between Marine XII's 1.3 BBbls and Etinde at 244mboe P50, with Lukoil's current 30% stake there (assuming SNH participation) giving them only 73mboe.

However, the purchase of BLVN would raise that 30% 73mboe to a controlling (and probably operatorship) stake of 50% and 122 mboe which might be a bit more like it for them.

warbaby43
09/6/2020
09:20
hxxps://oilprice.com/Energy/Energy-General/Russia-Bets-Big-On-The-Worlds-Least-Explored-Oil-Frontier.html
buy_more
08/6/2020
18:57
As a Manual event one has been adding stock to BLVN.

One believes in the takeoff between New Age, Lukoil and Bowleven.

Once FID has been achieved one will see a different company.

One must be vigilant.

manual dexterity
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