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% 1.95 1.50 2.40 1.95 1.70 1.95 22,800 08:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.4 -0.7 - 7

Bowleven Share Discussion Threads

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By 2050, nigeria is forecast to have 400m people, meaning it will overtake the United States as the world’s third-most-populous country. The starkness of this fact (its population is currently about 200m) illustrates the degree to which demography will shape Africa’s future. Nigeria’s growth is part of an extraordinary population surge across the continent, but there is controversy about whether it will continue or can be reined in. The answer to that question has serious economic and political implications.

Sub-Saharan Africa’s population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. Although Asia’s population is four times bigger, almost two children are born each year in Africa for every three in Asia. Most experts agree that, if it continues at its current growth rate, like Nigeria, Africa’s population will double by 2050. That would be 2.5bn people, meaning more than a quarter of the world’s people would be in Africa. Few question those figures because much of the growth is already baked into what demographers term “population momentum”̵2;that is, Africa has so many women of childbearing age that even if most decided to have fewer babies today, the population would keep expanding.

From The Economist

Thanks for posting. It looks like the Russians want this to move forward so I would hope reflects upon the likelihood this will move ahead next year.
Found the above article today. It’s a bit old but might be of interest.

Have you lost a month somewhere?
RNS said they would update on conference call but I did not see it.
You mean did anyone register to dial in to the future call on November 5, 2020?
Did anyone listen to the conference call on 5 Nov?
This share is falling on a daily basis.I use to be a holder but sold out many years ago around the £2 mark. Had the shock of my life when I looked up the current share price.I'm tempted to buy again but will hold my nerve until the current slide is over.
If we get to FID $25mn payment from Lukoil so that may cover equity?

It ain't going anywhere soon imo

Given the value if FID is reached then this is a positive RNS. Slight concern around equity but given our share and the fact that this is likely to be reliant on more in the way of project finance debt then I am ok with that. Also if FID is reached there is also the possibility of our share being bought out. We are heavily discounted at the moment so I would expect a steep move up if we get to FID.
One finds encouragement in this RNS simply by considering the alternatives...
annual austerity
Equity raise mentioned, i bet COC wished they hadn’t heard of Kevin Hart or BLVN
Covid caused FID delay heavily flagged back in March in Interims, so absolutely no surprise there. Otherwise, all appears to be going in accordance with what had been trailed and roll on the next Conference Call, all of which to date have been highly informative and good on Chahin for holding them
One is cautiously optimistic. One is also rather lonely - where is everyone? Manual Dexterity? Finally, an RNS has landed and it sounds encouraging...
annual austerity
BOR breaking out of triangle now and it’s up 19.7%

465mb of light sweet crude
No debt
Own 100% of acreage
BOD have skin in the game
Quick payback time
Under $35 a barrel costs
Could be a oil rim below Darwin
$2.5m enough to last 2 years
Mkt cap £3m
Potential 1mb total sourounding Darwin
Huge prospects on our acreage
Fairway play

Great news today about PMO merger for all Falkland companies.

Well worth tucking a few away imho

ATB and GL whatever you decide


under the radar
Is this a cryptic puzzle or a fat-fingered typing error?
Surely this comes to fruition and if it does we see a material increase in value...
VOG accounts released with much kitchen sinking by new BoD:


With the following mentions of the NA LOI and of the AKSA power project and other prospective GDC customers:

Letter of Intent signed with New Age

"Discussions during the period resulted in the Company announcing in February 2020 a non-binding letter of intent ("LOI") for the supply of natural gas from the Etinde Field, offshore Cameroon. The project, and in particular the upstream development, has many conditions that have to be met before it becomes a reality.

The Etinde owners (New Age, AIM-listed Bowleven, and Lukoil) have stated publicly that they hope to make a Final Investment Decision on the offshore development in the next six to nine months. In this case, the upstream joint venture partners will be taking the subsurface geological risk, drilling operational risk, and will have significant capital at risk."

"Other Independent Power Producers - AKSA

In July 2019, the Company and Aksa Enerji Uretim A.S. ("AKSA") signed a term sheet for the sale of approximately 25 mmscf/d of gas (the precise volume will depend on the calorific value of the gas and the genset specification) to AKSA's proposed 150 MW Douala Power Station (Bekoko). The term sheet is subject to various conditions precedent, including government approvals and the signing of a Power Purchase Agreement with an electricity distributor. On 2 July 2019, the Minister of Water Resources and Energy of Cameroon, on behalf of the Government of the Republic of Cameroon, and AKSA, entered into a Memorandum of Understanding to develop a 150 MW of power plant project at Bekoko, subject to receipt of the requisite approvals and licenses. The location of the proposed power plant is expected to be near the existing Bekoko substation, not far from GDC's existing gas pipeline network.

New Opportunities:

The installation of a major gas pipeline network from Limbe to Bekoko (part of the Etinde Project, operated by New Age) could provide numerous additional opportunities to GDC, which otherwise would have been deemed uneconomic. This pipeline may allow GDC to be in a position to supply gas to smaller towns along the route into Douala, such regions and towns as Ombe, Mutengene, Tiko and Buea, and provide much needed power using smaller gas-fired power plants."

One hopes so.
annual austerity
Thanks for that. Something seems to be happening in the background. Hopefully will get some positive news soon.
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:


"(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:


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

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