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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% 3.50 3.00 4.00 3.50 3.50 3.50 100,000 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.4 -0.7 - 12

Bowleven Share Discussion Threads

Showing 92251 to 92275 of 92400 messages
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DateSubjectAuthorDiscuss
30/3/2021
11:49
when you think about how much is at stake here for the Cameroon in terms of jobs, energy independence, image etc you would think that the authorities would do everything possible to make this project fly.
dealy
30/3/2021
09:39
Oil price surely helps here. Surprised it has fallen to 4p - looks worth a punt at that level to me.
nigelpm
30/3/2021
09:30
The $25million question
stpalm
30/3/2021
08:10
So investors are thinking that there are no guarantees that FID will actually take place in which case the expected 25m will go up in smoke and its curtains for the company. Alternatively it will take place and be a success and the company will be worth 100m. Which outcome is more likely (giving a range of 2p to 25p) ?
dealy
30/3/2021
06:46
sounds promising for vog we understand there have been detailed discussions between Aksa, SNH, ENEO and Victoria Oil and Gas plc ('VOG'). We understand that an electricity price may have been agreed and that some commercial discussions have been undertaken on matters such as gas demand and pipeline tariffs. As part of the Gas Master Plan for the country, SNH have confirmed they will build a pipeline between Limbe and Bekoko to transport gas purchased from Etinde to supply to the Aksa power plant in Bekoko and other potential customers in the Port of Douala vicinity. There have been no discussions on gas supply agreements between us, SNH, Aksa and VOG. We expect these to progress in 2021.
johncasey
30/3/2021
06:45
I'm following HSBC.
hodhasharon
30/3/2021
06:45
When did they announce this discovery and the deal with Lukoil? 2014? FID planned for 2022. 8 years of pain for investors
dealy
30/3/2021
06:26
Interim Results Bowleven, the Africa focused oil and gas, Exploration and Production Company with key interests in Cameroon, today announces its unaudited interim results for the six months ended 31 December 2020. HIGHLIGHTS -- The Operating Committee through its resolution dated 11 December 2020 has given the JV partners permission to negotiate a new Etinde Exclusive Exploitation Authorisation ('EEA' or 'EEEA'). The current EEA will continue until replaced. -- Group cash balance at 31 December 2020 was circa $6.4 million with a further $2.1 million held in financial investments, with no debt and material financial commitments. -- Front End Engineering Design ('FEED') completed in January 2021 marking a very significant milestone in progressing Etinde towards FID and development approval. -- Ongoing market volatility caused by the COVID-19 global pandemic in 2020, and the associated fall in global oil prices, has continued to slow down and impact negatively on progressing Etinde development overall. This has particularly impacted various commercial and legal/regulatory approval negotiation processes. As a result, FID is likely to slip into 2022. -- The recent oil price recovery significantly helps project economics. -- The JV partners continue to place a high priority on maximising project NPV and minimising capital development costs as we conclude Etinde development and commercial options. Operational Etinde -- In December 2020 the Operating Committee gave the JV partners permission to apply for and negotiate a replacement EEA. The current licence continues to be in force until replaced. The new agreement would reflect a change in the development plan, focussing on the Cameroon gas thermal power generation sector as the base level use of Etinde gas. -- During 2020, the JV partners completed: o FEED on the development facilities and associated pipeline infrastructure combined with Health, Safety, Security and Environment ('HSSE'), pipeline route surveys, reservoir risk analysis and mitigation and the preparation of the initial sub-surface drilling plan o FEED builds on previously completed extensive pre-FEED studies undertaken in 2019 o Reprocessed the Seismic data for the entire licence area. -- The JV partners have also undertaken to continue commercial activities focused around a liquids-based development alongside discussion of sales terms with potential gas, condensate and LPG off-takers. -- New Age and Bowleven jointly appointed Cofarco (a Paris based financial advisory business) as lead advisor in relation to raising debt finance to fund Etinde development. Corporate -- Group cash balance at 31 December 2020 was circa $6.4 million with a further $2.1 million held in financial investments, with no debt and material financial commitments. -- Bowleven considers the value of cash and investment of $8.5 million to be sufficient to meet the Group's financial requirements for at least the next 12 months. -- The loss for the 6 month period was $0.9 million compared to $1.4 million in the equivalent period last year. -- Management continues to diligently manage costs and minimise cash burn to support G&A up to FID, focused on continuing to work alongside the Etinde JV partners during the rest of 2021 to explore both commercial opportunities and related development engineering designs and costs, with a view to having a sufficiently detailed, costed development plan to reach FID before end of Q1 2022. Eli Chahin, Chief Executive Officer of Bowleven plc, said: "During 2020, we were pleased with the progress made towards achieving FID at Etinde. We have completed a significant number of the most important technical work streams and made strong progress on a number of other important project development related work streams. Certain hurdles persist, predominantly around agreeing the many commercial aspects of the development with SNH, the Government of Cameroon and other interested parties. The principal outstanding requirements to achieving FID are now almost entirely commercial and regulatory approvals relating to the development concept we will propose. Currently, the facilities development cost, relative to the production levels we can achieve due to commercial and regulatory approval issues relating to the sale or utilisation of methane gas production, can be improved upon. Whilst the proposed 'Base Case' development concept tested by FEED provides a positive outcome, the economic value is lower than the minimum level the JV partners consider desirable. The JV Partners are confident that further discussions with the Government of Cameroon, represented by SNH, can progress to a stage whereby a development concept with significantly increased economics for all parties can be agreed upon. At a time of considerable market turbulence, we are fortunate to benefit from a robust financial position, with in excess of $8 million of cash and investments on the balance sheet and no debt. Coupled with our low-cost base, we remain well funded to reach FID, after which we will be in a position to receive the $25 million contingent consideration from the JV partners, instantly giving the Company a significant cash injection. Although the ongoing macro-economic conditions seen in 2020 and beyond have negatively impacted the timing of the Etinde project, we welcome the recent oil price strength and we continue to work towards achieving FID as quickly as possible. We look forward to keeping all of our stakeholders appraised on progress over the coming months."
hodhasharon
29/3/2021
17:19
Interims tomorrow. The annoying thing is we could have had a fertiliser plant up and running by now if it wasn't for the grandiose plans of New Age bullying blvn out of the way and seeking Flng size development.
ctc1
28/3/2021
09:32
Agreed but given the new speed with which they are trying to get things going in the background, I believe we might be on course for good news for a change. I will hold and see this one through. I am trying to manifest a price of 50p soon :)!
gark
28/3/2021
08:03
"but didn't they check the connections between the fields in the meantime as well" I stand to be corrected but my understanding is that the two fields are discrete but what they were hoping to see rather was an inter-connection between the oil discovery at IE-3 and the unexpected one at IE-4. That has not so far been confirmed and was one of the questions we failed to ask in the Conference Calls and is one of the technical matters we will hopefully see clarified on Tuesday. Amen to that gark, but export to Bioko would require an inter- governmental agreement and place your bets now on how long that might take PS The other unknown but significant factor on gas export to EG is whether, after satisfying Cameroon government gas generation requirement, there is sufficient flow remaining to interest Marathon who would have to make engineering and process changes to integrate a new source. This is directly referred to on p19 of the AGM Presentation. Here again,we are hampered by not knowing what all those other pre-listing wells, IM-1,2,3&4 and IE-1 turned up.
warbaby43
27/3/2021
11:22
According to article a couple of weeks ago they are looking for two wellhead platforms so would infer both IE and IM will be developed, gas will go to EQ and Cameroon. This fits the New Age development plan on their website. This would infer positive news on IE and suggests that FID is getting there. Cameroon desperate to get this developed in my opinion.
gark
27/3/2021
10:32
true warbaby. but didn't they check the connections between the fields in the meantime as well?
buy_more
27/3/2021
08:50
"a plan to invest 1250 billion in the exploration and development of gas for liquefaction" That boat sailed with the failure of IM-6 and IE-4 to discover another tcf of gas so, once again, it's out of date and inaccurate journalism. Yeah would agree with the Kevin Keegan fan, could be lots of promising technical stuff on seismic reprocessing, FEED, reservoir engineering, IE thin bedded report etc, but little, if owt, on all important issues outstanding with SNH - nature of agreed development, SNH back-in agreement and licence terms - an awful lot of balls still up in the air and to come down in the right place in the next nine months for '21 FID.
warbaby43
27/3/2021
08:16
Which amount are you referring to, and why is the amount worrying?
ham74
26/3/2021
23:10
sounds very interesting and promising to me... a bit worrying maybe IF the number they want to invest is correct hTtps://www.financialafrik.com/2021/03/25/cameroun-loffensive-des-investisseurs-britanniques/amp/
buy_more
25/3/2021
13:10
I would love to think so, but suspect the best we can hope for is info on when the license application was submitted and perhaps some detail on what has been applied for. Would be nice to know if this years work budget has been signed off by SNH. Might get update on re mapping exercise. Other than that I'm sure there will be a lot of collaboration going on and good progress being made with no definite detail. Lets just hope the word imminent isn't used in relation to the license. Fingers crossed it is upbeat!
nufckk
19/3/2021
09:27
Any expectation of further news on 30 March?
gark
12/3/2021
11:52
Too much conjecture but thanks for posting.
jordaggy
12/3/2021
11:38
With hat tip to happy sparrow (and ctc1) over at LSE VOG site: Https://www.upstreamonline.com/field-development/new-age-sounds-out-yard-interest-in-west-africa-platforms-job/2-1-973347 If accurate, positive news, especially if two platforms are being sought possibly indicating a planned joint development of IM and IE which in turn would require a home being found for all that gas. As gark says oil price rise to c $65-70 very welcome given Chahin indicated in the pre Christmas Conference Call that the development economics were robust at the then price c $40. More importantly prices are forecast to remain firm as all the drilling cut backs over the last seven years kick in, and while there has been conjecture of prices rising over $100 that seems unlikely given that the Saudis and Russians will almost certainly want a more stable market, say c $75, giving Big Green no price excuse. With economics comfortable at $40, the potential of Etinde at those sorts of prices looks very attractive given the tested liquids flows over the IE and IM wells we do know of comes in at 26,195 bpd (and that excludes the 9k bpd oil find at IE-4 which still, I think, needs clarifying) though as ever the "tested at" proviso needs stating. In addition, there are those drills pre the Dec 2004 listing which we know nowt of, other than some, if not all, tested positively - IM-1,2,3 and 4 and IE-1. To get at those obviously highly profitable liquids, the challenge has been to find a home for all that gas which tested at 140 mmcfd on the wells we do know of, and while Our Eli has constantly asserted that the problem is manageable, it is certainly a complicated one, possibly involving trade offs between domestic generation and export, probably to Bioko Island. This is where all the discussions and negotiations with SNH are likely to be focused and is where the JVP deserve all our sympathies. Dealing with that lot must be a nightmare - not for nowt does Cameroon lie at number 165 out of 190 in the World Banks Ease of Doing Business league table. Down there, incidentally, with its neighbours - Gabon 169, EG 178, Congo 180 while Nigeria hits the dizzying heights of 131st - all I guess making up the dreaded West Africa Factor. If the "Upstream" headline is correct and two platforms are being sourced, then it's possible that progress has been made on destination(s) for the gas and a joint IM and IE development has become more viable. If so, then I guess we might hear before too long of the JVP going out to IE FEED (assuming they have received by now the IE "thin bedded" report they sought.)
warbaby43
09/3/2021
23:31
Full story is behind a paywall? Has anyone read it?
ham74
09/3/2021
13:48
Yeah New Age web site says 1st half '21
ctc1
09/3/2021
13:45
Thanks for posting. Seems like FID is close if they are taking steps to hire.
gark
09/3/2021
12:18
https://www.upstreamonline.com/field-development/new-age-sounds-out-yard-interest-in-west-africa-platforms-job/2-1-973347 New Age in the news with Etinde in focus
ctc1
09/3/2021
10:42
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gordan ghetto
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