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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
  -0.15 -9.84% 1.375 1.00 1.75 1.525 1.375 1.53 337,310 10:12:17
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 92201 to 92225 of 92575 messages
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DateSubjectAuthorDiscuss
25/2/2021
11:19
gap @ around 6.30 closed. hopefully next news soon
buy_more
25/2/2021
09:43
The strong crude price should make Etinde more valuable and feasible
dealy
17/2/2021
23:05
From Happysparrow on LSE:Remus PetroleumToday 17:24After reading Malcy's blog today, https://www.malcysblog.com/2021/02/oil-price-petrotal-far-remus-and-finally/ I decided to have a look at Remus - It seems they have their pencils out sharpened for 'production assets' in Cameroon.https://remus-petroleum.com/#portfolioEither VOG or NewAge/Blvn, or both, would fit the bill.And a failed bid for FAR would give them A$200m looking for a home.Yashodan Sathe is of particular interest. (now Head of Mergers and Acquisitions for Remus).Part of a big Downstream player in Nigeria https://neuronstrading.com/about/'We have complete understanding of oil trading, technical and operational procedures in the shipping line; we also understand the diverse businesses in the maritime industry and best records of our board member in the energy sector and their years of experience and expertise in the business'Of possible note on Oil and Gas Trading https://neuronstrading.com/services/#1553759161384-692d5a6d-31e0 ...'We anticipate significant synergies to arise in Africa after setting up our natural gas desks as market liberalization continues and the LNG and natural gas markets converge. We believe that future arbitrage opportunities arising between LNG and natural gas, combined with Neuron's experienced market intelligence, will allow us to develop a unique value proposition to our counter parties and partners in the next few years.'https://neuronstrading.com/staff-item/yashodhan-sathe/'Over the last few years, Yashodhan has developed a robust network of investors in the Venture Capital and private equity fund and transaction space encompassing institutional investors, family offices, fund of funds and ultra-high net worth individuals.'
gark
17/2/2021
22:14
hahahaha... best!
buy_more
17/2/2021
21:09
My wife has a similar business model with me.
belo horizonte
17/2/2021
14:49
the extractive industry sector as per below info makes only 5% of cameroons GDP. probably SNH will not invest in any infrastructure but only participate in the revenue as per their negotiations with all jv partners. let's hope for news soon again.


hTtps://www.state.gov/reports/2019-investment-climate-statements/cameroon/


Extractive industry (Oil, Gas, Mining)

Cameroon has been an oil exporter since 1977. Oil production has stagnated as prices fluctuated, but the country can count on untapped gas reserves estimated at 3.5 billion cubic meters. The government dominates the sector and generally operates a revenue-sharing business model with foreign investors.

buy_more
17/2/2021
13:00
Thanks, I agree seems to be full of unfounded conjecture and inaccurate.
gark
17/2/2021
11:31
Thanks Warbaby for that update on the AI article. Very helpful indeed.
ctc1
17/2/2021
11:12
Any apprehensions related to the "Africa Intelligence" piece can be safely set aside. It is nowt more than an alarmist, sensationalist headline designed to entice people into spending their hard earned brass to read the rest of the piece, which turns out to be highly inaccurate, ill informed conjecture of the sort that gives journalism a bad name.

The standard of journalistic accuracy is evidenced in the first paragraph which asserts that 244 mboe Etinde has a "reserve" of 58m boepd (per day!) and continues with the fiction that SNH has backed into the project at zero development cost. The piece then continues in a manner that would make the average tabloid hack blush with shame.

Throw in the fact that BLVN and NA are both UK based companies and that "Africa Intelligence" is published not in Africa, but in Paris, and it can probably also be dismissed as simply more French mischief making.

warbaby43
14/2/2021
17:20
In the past Eli has been very conservative and somewhat downbeat so given recent announcements I think we are on the right path.
gark
14/2/2021
17:06
Lets hope so Gark, if the headline is correct it certainly makes a mockery of Eli's constant " constructive dialogue", "colaboration", "best of chums" narrative. Get the feeling Warbaby is talking more sense re timescales than our leaders.
From last years interims...."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"
Blame it on the Covid I suppose

nufckk
14/2/2021
16:17
I am not convinced they are that reliable so wouldn't pay for the paper. Sometimes they get it right but on given that the politicians support this as it is important for the economy I am not sure what they are talking about.
gark
14/2/2021
15:51
In January 2020, Africa Intelligence published an article suggesting New Age was contemplating withdrawal from Africa: hxxps://www.africaintelligence.com/oil--gas_state-strategy/2020/01/07/etinde-and-marine-iii-weather-new-age-s-clearance-sale,108388350-art

9 months later, however, they reported that Congo had actually extended New Age's Marine III license: hxxps://www.africaintelligence.com/oil--gas_exploration-production/2020/12/10/sassou-extends-new-age-s-marine-iii-exploration-licence,109626752-bre


The New Age website still says that FID is expected early 2021, under the Cameroon section here: hxxps://www.newafricanglobalenergy.com/cameroon/

The above is only based on headlines...I have not read all of the stories, but the January 2020 call seems to have been proved wrong.

How reliable is Africa Intelligence? Does anyone have a view?

ham74
14/2/2021
15:24
It looks like you could get access for 6 Euros (just over 5 quid) if you wanted to read the story.
ham74
14/2/2021
14:57
Headline from Africa Intelligence:New Age far from starting production on Etinde despite promise of new contractNumerous financial and political obstacles are preventing New Age from beginning production on Etinde block, agreement of principle or not. Anyone got access?
gark
13/2/2021
12:12
The book value is currently about 50p per share. The market value of the assets is of course unclear but even 50% discount would get the stock to 25p or triple current level, almost as a minimum
dealy
13/2/2021
11:54
So 29p tangibles, plus another 10p intangibles...I need 112p to break even...hey ho.
jordaggy
13/2/2021
11:47
agreed, but it ain't zero thats for sure.
dealy
13/2/2021
10:43
Or maybe even USD 150 million ( GBP 108 million ) based on the company's accounts. The valuation could go up or down based on stuff like the gas price, discount rates and so on.
ham74
13/2/2021
09:45
So the company is valued at net cash meaning the entire stake in Etinde has an implied valuation of zero whereas in fact it is probably worth 100m.
dealy
12/2/2021
13:39
With a hat tip to Hamz74 over on LSE:

Https://www.investegate.co.uk/tullow-oil-plc--tlw-/rns/us-180m-sale-of-assets-in-west-africa-to-panoro/202102091543305165O/

And from the Tullow site:

Https://www.tullowoil.com/our-operations/africa/equatorial-guinea/

At first site an EG transaction that is encouraging when considering BLVN's 48.8 mboe but the Tullow sale is of an established long producing asset not one with just FID - which is still a long uncertain way off for BLVN and its holders

warbaby43
04/2/2021
15:16
Many moons ago by luck I was invested in blvn when they struck oil the price went up to 400p+ in the end I sold out at 325p.

There was talk about pipe lines, gas exports, meetings with permits issued and agreed by the king/president of Cameroon and how great Kevin Heart was (is he still there?)

What I wanted to ask why has this become a penny stock. What happened?

I just can’t be bothered scrolling back the RNS’s that far back.

gseppi
04/2/2021
11:44
iamthedogman20 Feb '14 - 17:54 - 13 of 19115
0 0 0
Le_com

I would expect nothing less from a gunnnnnnnnnnner !!!!!!!!

andymunchkin
03/2/2021
19:07
Hey folks. Just doing my annual pop-in on this board to see how it's all panning out.

Exactly as I predicted is the answer of course.

Interesting to see the main COC cheerleaders from the coup still present and correct in a wrong sort of way.

Seen a little renewed interest in the last few weeks. Of course, i could never buy into a business where the majority of owners are psychopaths, but I wish all the LTHs from the noughties all the very best. Let hope they get at least part of their investment back before the turn in oil

winnet
03/2/2021
15:13
As I recall, Chahin had mentioned this pipeline as a precedent for Cameroon being able to agree an export facility with neighbouring countries:

Https://www.businessincameroon.com/economy/0102-11239-cameroon-collected-xaf33-4-bln-of-oil-transit-fees-on-the-chad-cameroon-pipeline-in-jan-nov-2020-up-2-snh

warbaby43
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