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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% 4.75 4.00 5.50 4.75 4.255 4.75 395 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.1 -0.8 - 16

Bowleven Share Discussion Threads

Showing 92001 to 92024 of 92300 messages
Chat Pages: 3692  3691  3690  3689  3688  3687  3686  3685  3684  3683  3682  3681  Older
DateSubjectAuthorDiscuss
19/8/2020
10:51
I reached out to the company and they say they are on track for FID this year.
ham74
19/8/2020
09:28
One knows patience. And patience as defined is a "Manual" event.
manual dexterity
19/8/2020
09:17
But in the meantime one is happy with the price action...
annual austerity
18/8/2020
19:50
One would simply be grateful for an update...
annual austerity
18/8/2020
18:14
Think it makes Etinde more important for Lukoil. Hopefully they are prepared to pay a proper price for it.
gark
18/8/2020
17:56
Flagged up as a possiblity post Cairn's announcement last month - does it make Etinde more or less important to Lukoil? Https://www.energyvoice.com/oilandgas/africa/259105/woodside-cairn-lukoil-sangomar/
warbaby43
14/8/2020
17:33
50% increase in cost of natural gas since end July
symbo
04/8/2020
10:35
Yes, as one said before, whatever it takes, Manual, Annual or Spaniel!
annual austerity
04/8/2020
00:16
as lomg as we get to the 'fid' nobody cares if it's an annual event or a manual event ;)
buy_more
03/8/2020
15:14
One notes the rising price of natural gas. While one sees local (rather than global) factors as the key to gas pricing, this can do no harm. But if BLVN is to fill that gap up to 6p, one suspects that sentiment and speculation will not be enough. The right RNS is required. Even confirmation that we are still travelling in the right direction might suffice. Such an RNS would be a Manual Event.
annual austerity
29/7/2020
11:39
Do you have the full research note from Shore Capital? Can you post it here or send it by private message?
ham74
29/7/2020
11:28
warbaby, i also believe fid will happen earliest by end of year. and i am still calculating with usd2/boe IF somoene wants to buy our share. lukoil is investing a lot of money in the western part of africa and if they get the deal to fix sonara it will be perfect for us.
buy_more
29/7/2020
10:29
And one therefore has to ask oneself if there is any prospect of the gap up to 6p being filled in the short term. What are the news items short of FID that could do this? Because speculation alone is struggling to keep the bid above 4p. One needs a Manual, Annual (or even Spaniel?) Event.
annual austerity
29/7/2020
10:07
Shore capital are bowlevens house broker and in a recent note they released they said "More recent guidance indicates that project FID is now more likely to occur in H1 2021".
billytkid2
28/7/2020
15:46
A piece of positive news relates to the Aksa 150 MW plant and the LOI with VOG. It had been concerning that in recent months any mention of their agreement with Aksa had been conspicuously missing from VOG Updates, and Aksa's own MOU with the Cameroon government expired on 1st July, so good news that yesterday's Update contained this: "GSAs with Aksa Enerji Uretim A.S. ("AKSA") and New Age (African Global Energy) Ltd ("New Age") Aksa is progressing its in-country applications and agreements for the power plant to be located at Bekoko, a brownfield site which is already equipped with a high voltage substation on the outskirts of Doula. New Age and the other Etinde licence owners continue to progress their development towards Final Investment Decision and have stated publicly that they are targeting FID in the next 9 months."
warbaby43
28/7/2020
15:27
Thank you for the trouble in getting the Tullow response ham74, and I confess I'm a little puzzled on the arithmetic - 476 mboe and $575m = $2 per barrel, but perhaps I'm being a bit thick so will welcome correction/explanation. (Is it related to what they actually have an exploitation licence for?) Regarding Etinde FID timing, plenty of warnings in the H1 Report on the 27th March (last time we heard owt, incidentally) eg: P1 "Continued progress on Etinde development options and working with joint venture (“JV”) partners towards agreeing Final Investment Decision (“FID”) in late 2020" and "Ongoing market volatility, caused by the COVID-19 global pandemic and the recent fall in global oil prices could potentially have an adverse effect on the Etinde project timeline" and CEO REview: "We recognise that recent sector volatility has impacted plans for companies in the oil market and across all industries, so whilst we will continue to pursue our ambition of achieving FID in 2020, there is the potential for timing slippage." and "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" but, the bit of positivity: "Whilst the Etinde development plan has been inconclusive in the recent past, we are convinced that the likelihood of the successful development of Etinde remains promising in a normal macro environment and the development will commence in the next 12 months" Also worth pointing out that back in March the FEED process was posited as taking between five and eight months starting in April but inevitably in this Covid world of less than ideal working arrangements, the chances of the shorter timescale look remote. Given too, the multiple involvements of the Cameroon government my own money would be FID some time in H1 2021. More important that FID does happen rather than when.
warbaby43
28/7/2020
14:11
Warbaby - where does your information come from? Is it one or more of Bowleven RNS, IR, broker research eg Arden Partners report, your own knowledge of the industry?
ham74
28/7/2020
14:05
Warbaby - see below email response from Tullow Oil investor relations: nvestor Relations 13:55 (8 minutes ago) to me Thank you for getting in touch. The cash consideration for the transaction is $500 million at completion and $75 million at final investment decision. The audited year end 2019 2C resource in Uganda was 276mmboe. Therefor if you are to exclude the contingent payments post-first oil the price per barrel is c.$2/bbl Detail on the transaction can be found here: https://www.tullowoil.com/application/files/8415/8772/2763/Sales_of_Uganda_interest_FINAL.PDF Audited resources can be found here (on slide 19): https://www.tullowoil.com/application/files/5015/8807/1195/Tullow_Oil_Overview_Presentation_-_April_2020.pdf Kind regards
ham74
28/7/2020
12:06
"Final Investment Decision (FID) is due this quarter, it could come any day." Simply not so, given that the IE seismic reprocessing report is not due until Q4 and it is highly unlikely that the FEED and FDP will be completed before that time and then following these events there will follow an external audit to produce a reserves figure. Further, once cost and revenue estimates are arrived at, there will need to be a negotiation with SNH to determine whether they are going to take up their 20% of Etinde and on what basis that might be bearing in mind their unpaid share of costs to get thus far. Following all those factors there will inevitably be a period for joint and individual consideration by the JVP partners leading up to FID. Throw in the sub glacial speed at which this industry moves and it will be a minor miracle if it arrives even by Q4. Indeed, Chahin was keen to trail in the H1 Results that the FID timeline could be adversely affected by oil price "volatility" Incidentally, ham74 going back to your post at 18878 and my question at 18890, I would still be most interested in the answer to the P50 question and how the Tullow/Total $2 per barrel was arrived at.
warbaby43
27/7/2020
19:31
lukoil bought cairns stake in senegal and it looks like they paid appx. usd2/barrel
buy_more
27/7/2020
15:51
One will be delighted if so.
manual dexterity
25/7/2020
22:56
Cameroon needs to expedite the Etinde development to reduce import needs and generate more tax revenue for the Government. Final Investment Decision (FID) is due this quarter, it could come any day.
ham74
25/7/2020
11:17
A couple of pieces illustrating why Etinde (and the Sonara refinery) might be of some consequence to Cameroon: Https://www.businessincameroon.com/public-management/2007-10560-cameroon-launches-international-call-for-tenders-to-import-465-000-tons-of-petroleum-products Https://www.businessincameroon.com/public-management/2407-10573-cameroon-forecasts-2021-oil-revenues-at-xaf303-3-bln-up-by-5-8-yoy And re Sonara refinery: Https://www.businessincameroon.com/public-management/0106-10372-cameroon-the-reconstruction-of-sonara-will-cost-about-xaf250-billion-the-minee-says
warbaby43
24/7/2020
17:55
Nice to see a 4 on the board!
symbo
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