Bowleven Share Discussion Threads

[boston 004] 21/7/2020 23:59

One hopes so :)

[annual austerity] 21/7/2020 09:49

So next stop 5-6p?

[annual austerity] 18/7/2020 21:22

One seems to believe that one’s 5-6p target will be achieved without news. What is one’s thinking? One’s reading of the chart? Or is one in fact expecting news? This one is genuinely interested in one’s bull case.

[manual dexterity] 18/7/2020 19:27

That 4p broken was indeed a "Manual event." One knows that once it has broken past that barrier we will shoot upwards towards the 5 to 6p mark. One needs patience but not the type to consider it an "Annual event."

[annual austerity] 18/7/2020 17:17

It broke up through 4p earlier this year, very briefly. Maybe that was an Annual Event.

[ham74] 17/7/2020 16:15

Buffet bought a natural gas company this month, must be a good sign.

[manual dexterity] 17/7/2020 15:08

Lets see if we can finally break 4p.

[gark] 12/7/2020 16:26

Wrong chat BLV

[ham74] 12/7/2020 12:19

How on earth is Belvoir group relevant to Bowleven? Are you just attracting more hits to the TOP AIM STOCKS twitter handle?

[ham74] 11/7/2020 19:33

Is this pipeline about exporting from Congo to Cameroon, or from Cameroon to Congo? Or both?

[buy_more] 09/7/2020 23:23

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/

[rossannan] 29/6/2020 18:36

One notes, though, that natural gas is having a field day!

[annual austerity] 29/6/2020 11:35

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.

[warbaby43] 23/6/2020 16:31

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 10:39

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!

[manual dexterity] 19/6/2020 08:13

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 20:53

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.

[ham74] 14/6/2020 09:12

Who is wshaks? The name of a poster on here ?

[buy_more] 13/6/2020 12:24

i would love to read wshaks opinion about the future of blvn.

[kbrook] 11/6/2020 15:00

The spread is crazy, are they trying to deter any trades? 3.55/4.75

[superbarnet] 11/6/2020 11:44

Bid is on the way up again

[ham74] 11/6/2020 08:51

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.

[buy_more] 10/6/2020 22:29

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

[warbaby43] 10/6/2020 16:31

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