Bowleven Share Discussion Threads

[smackeraim] 30/7/2022 20:09

Perenco has exported its first barrel of oil from its recently acquired Chadian assets via the Chad-Cameroon pipeline.https://www.energyvoice.com/oilandgas/africa/ep-africa/430699/chad-perenco-first-glencore/Perenco has been operating in Central Africa since 1992, a region where our know-how in operating oil and gas fields and developing infrastructure is highly applicable. https://www.rigzone.com/news/perenco_buys_glencore_oil_interests_in_chad-04-jul-2022-169375-article/

[haywards26] 28/7/2022 15:14

Nice to see the share price starting to rise here again, hopefully has much further to climb...

[smackeraim] 28/7/2022 13:34

There's a few tiny ones, but hidden on Aqse. Still going up on fumes though. Intriguing

[kbrook] 28/7/2022 13:32

Putting the price up on no trades, interesting

[gark] 23/7/2022 17:43

Difficult to tell but give price has not gone up on buying am assuming sales. 1.6mn cleared and someone would have bought so assume this is on stronger footing now.

[ham74] 22/7/2022 18:43

How can you tell if trades are buys or sells and does it make any sense to view them as one or another? If it takes two to tango, then somebody must be buying if somebody is selling? Or do you have some way of telling if there is buying from, or selling to, a market maker, who is then offloading or holding inventory - as opposed to acting as a middleman between two investors?

[gark] 22/7/2022 18:38

Let's hope the 900k sale clears the selling pressure.

[gark] 22/7/2022 12:22

Bought more today under 3p

[buy_more] 22/7/2022 11:58

there is a gap in the chart at around 2.58 which chould be filled soon and from there a bounce back to plus 3 and further

[gark] 19/7/2022 16:22

Totally agree but this is typical until you get concrete news. Let's see what is announced over next couple of months. If positive, this will get a serious leg up.

[dealy] 19/7/2022 16:17

Yes, but it's still unbelievable that nobody is interested in this

[ham74] 19/7/2022 15:34

Still 700,000 shares traded today is GBP 20,000, which is pretty small even for a GBP 10 million market cap.

[dealy] 19/7/2022 11:58

somebody still dumping here. unbelievable

[gark] 16/7/2022 12:52

I think true value is between 30-50p a share but it is a binary bet. Given Perenco odds of this coming good have risen significantly so if we get further news around their involvement this should be 10p or more hopefully then heading to true value.

[dealy] 16/7/2022 08:08

Bowleven's share of Etinde currently equates to 61 mmboe. By way of comparison, Tullow's 2P resources in total are estimated at 4x that level. Tullow has an enterprise value of 2.8 billion usd. It is not inconceivable for Bowleven to be worth 1/4 of that once the assets are producing. That asset is currently valued at just 1/100 of that.Perenco currently produce 100k barrels per day, roughly twice as much as Tullow, so it is a mid size operator. Surely Bowleven is worth 100m to Perenco? That is c. 25 per share

[gark] 15/7/2022 19:17

950k bought in two trades and over a million across the day. Manoeuvred down to fill that on tiny trades over the week. Tends to indicate news with this one. Let's see.

[dealy] 15/7/2022 17:13

I rounded up after a quick glance at the trades in advfn

[ham74] 15/7/2022 17:02

I can only see 757,000 traded on ADVFN today? Where do you get the 1 million buy from?

[dealy] 15/7/2022 16:56

Perenco should buy out Bowleven

[dealy] 15/7/2022 16:53

About 1m shares bought for 3.5p. Should be up next week.

[dealy] 15/7/2022 15:03

correction: cheaper now

[dealy] 15/7/2022 14:49

well, cheader now than before the ground breaking news about the new JV partner. Volume of course is pitiful

[warbaby43] 17/6/2022 16:53

The Etinde-Episeyo estimate of distance in the linked piece coincides with the estimate in the first para of 19317.

As part of the licence a proportion of production was to be allocated for Cameroon government purposes with the figure originally appearing as 500bn cu ft to be used by the a then proposed fertiliser plant and now SNH seemingly express that requirement as 70 mmcfd to be set aside to fuel proposed power 150MW and 350MW plants at Limbe and Bekoko.

However, given the ramshackle, dilapidated and highly unreliable state of the Cameroon power transmission system, proposing to add a further 500MW of gas fuelled generation plus a planned 402 MW of hydro, seems beyond rationality.

But there again, just look at the nonsense that is UK energy policy and Cameroon is not alone.

[ham74] 17/6/2022 08:52

Can you explain the distance comment, and estimates of capacity after the power generation? Is the power generation anyway based on future projects yet to be developed?

[warbaby43] 16/6/2022 17:27

Confirmation of distance estimate and, given that, along with the amount of gas left after 70 mmcfd to be set aside for power generation, Episeyo does seem an unlikely destination.

Perhaps Perenco, being the major Cameroon O&G player, want to be a part of the Vitol Gas Hub project but, in that case, it does seem to be a very curious point for New Age to be relinquishing. However, they appear to have been without a CEO for quite some months now, so there may be a shift in corporate priorities being required by Kerogen and Hopu their major principals.