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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 08:00:05
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 92026 to 92048 of 92300 messages
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DateSubjectAuthorDiscuss
28/9/2020
11:46
For a long time in the last decade the presumed destination for c70mmcfd was a large fertiliser plant to be constructed by Ferrostaal in Limbe and, indeed, an MoU was signed to this effect in April 2012. It was a project that appeared to wither and die and I guess the general assumption was that Ferrostaal got fed up with the near impossibility of being able to sensibly deal with African governments (there was a parallel project in Tanzania) and simply pulled stumps. With a hat tip to "happysparrow" who posted this, plus some historical links, over on the VOG LSE board on Friday last. All very odd and probably nowt more than a journo with nowt else to write about or allowing himself to be used by another Cameroon pol to snipe at Monsieur Motaze: Https://www.investiraucameroun.com/economie/2509-15267-depuis-7-ans-ferrostaal-peine-a-materialiser-son-projet-d-usine-d-engrais-chimique-dans-le-sud-ouest-du-cameroun "(Business in Cameroon) - The Cameroonian ministry in charge of the economy (Minepat) informs that the German company Ferrostaal is struggling to materialize its chemical fertilizer plant project in southwestern Cameroon. According to this Cameroonian public administration, Ferrostaal, specializing in the manufacture of chemical fertilizers, has been in negotiations for four years with Cameroon and other partners. However, “? the negotiations come up against the proposed gas price which makes the project unprofitable. The file is at the National Hydrocarbons Company, ?”reveals the Minepat. And yet, from February 14 to 18, 2018, a delegation of German businessmen, led by Günter Nooke, Chancellor Angela Merkel's special representative for Africa, stayed in Cameroon to revive this project. After being received by the Head of State, Paul Biya, on February 15, an audience was granted to the German envoy by the Minister in charge of the Economy at the time, Louis Paul Motaze. The German side then explained that Ferrostaal's discussions with SNH are stumbling over the cost of raw materials. Mr. Motaze had promised to study the matter. But since then, the project has stalled. For the record, a commercial pre-agreement, relating to the supply of natural gas to the future chemical fertilizer production plant in Limbé, was signed in 2013, 7 years ago. It was between SNH, Ferrostaal and the company EurOil Limited. The chemical fertilizer production project should require an investment of CFAF 1,250 billion, for an annual production of 600,000 tonnes of ammonia and 700,000 tonnes of urea, intended for the local market and for export. The infrastructure is expected to be supplied with gas to the tune of 70 million standard cubic feet per day. Sylvain Andzongo" "happysparrow" also posted this which has previously appeared on this board: Https://www.energymixreport.com/cameroon-seeks-new-partner-to-build-limbe-power-plant/
warbaby43
25/9/2020
19:26
From memory has it not been mentioned previously that they were looking to do away with the trustees as part of the cost cutting. No EBT shares or director share schemes,no need for trustees, meetings, expenses etc. Having said that I can’t find a reference to it and bearing in mind our last communication was April it’s taken a while to get around to it
nufckk
25/9/2020
17:09
I don't know...but the trustees of the EBT must have been in agreement, so presumably there was an excess of shares held in EBT which will not be required to satisfy incentive awards vesting in the future.
bakero
25/9/2020
17:04
Why would employee shares be transferred to the company itself? Would Eli Chahin or another director have voluntarily donated the shares to the company, or were they already due to move over from the employee trust to the treasury anyway?
ham74
25/9/2020
16:52
Treasury shares are owned by Bowleven, but are still part of the share capital and still exist.
haywards26
25/9/2020
14:29
Because shares held in Treasury are owned by BLVN.
bakero
25/9/2020
12:18
You are suggesting an acquirer would not need to buy non-voting shares? Why?
ham74
25/9/2020
08:04
Suggest a re-read Haywards26 - the key is in the last last line, ie total shares 335m but VOTING shares 323m with balance held in treasury. For example, a would be purchaser would need to buy 4m shares fewer and COC's %age share of voting shares rise.
warbaby43
24/9/2020
15:46
My view is that here is no change to COC's holding. The shares are held in treasury, the announcement doesn't say anything about them being cancelled, so still exist. Total number of shares remain, as does COC's shares held. Just my view..
haywards26
24/9/2020
13:59
What does the share transfer really mean? Have the shares been cancelled like a buy back? Or is it just a technicality moving them from the EBT to the Treasury? Was this move something decided recently, or was it predetermined to happen according to some scheduled policy? Why would they want to do this? Will COC need to put out an RNS adjusting their holding?
ham74
23/9/2020
08:50
Thanks, quiet before the storm comes to mind. I hope good for holders...
gark
23/9/2020
07:50
Have no idea what it means gark but it does smack of some background corporate activity whether good or bad for PIs, we'll have to wait and see. Meanwhile, back to my post at 18864 "Additionally, given how it's constituted, difficult to see how the present Board could properly handle a bid, given one member is a nominee of COC and t'other a direct appointee, and perhaps Chahin should have been quizzed on this in one of the Conference Calls: Http://otp.investis.com/clients/uk/bowleven1/rns/regulatory-story.aspx?cid=1058&newsid=1005517 Perhaps, therefore, between now and Q4 a Board change RNS can be expected, which just might, of itself, indicate that summat's afoot" Now all but 6 months since last Etinde update with Interims on 27th March and given global as well as oil market volatility difficult to see owt but at least a lengthy postponement of FID to well into 2021. At least, though, we should get feedback on FDP, FEED and IE seismic reprocessing in Q4
warbaby43
22/9/2020
23:21
One is intrigued.
annual austerity
22/9/2020
22:23
What do you think this means? Any chance it is being tidied up for a sale?
gark
22/9/2020
20:48
That transfer puts COC up to 29.96% of the voting shares of the company.
warbaby43
03/9/2020
07:39
One wonders whether winnet is back in...
annual austerity
02/9/2020
17:10
Big volume today nearly 3 million shares, GBP 120,000, about 1% of the market cap traded. But much more of the free float. Anyone have any idea why?
ham74
26/8/2020
16:29
Now winnet, now!
annual austerity
25/8/2020
13:11
One notes that from time time time the offer slips briefly back below 4p - one would recommend setting a price alert. One suspects that the exercise would have to be repeated a few times to accumulate in size.
annual austerity
25/8/2020
12:09
Just thought i'd pop in and see how the wait is going? Is Belic still posting, or did he have a coronary at the thought of Kevin Hart retiring with his ill-gotten gains... Seriously, this is looking quite bombed-out now. I might come back in... Maybe even organise a whip-round and a takeover... :-)
winnet
25/8/2020
08:04
One is not loving the lack of movement in the share price, we need some news, preferably confirmation of FID.
kbrook
24/8/2020
22:21
Even though one must remember that local pricing is the key, one is loving the chart for natural gas...
annual austerity
19/8/2020
11:05
What is most interesting about Cairn's Senegal sale, is that Wood Group will now get the asset, having exercised its pre-emption rights. This is positive for Bowleven as it increases the need for Lukoil to deploy capital elsewhere, and suggests that there could be competition for these sorts of assets. https://www.investegate.co.uk/cairn-energy-plc--cne-/rns/pre-emption-of-sale-of-senegal-interests/202008171210493451W/
ham74
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