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 Shares Traded Last Trade
  -1.10p -2.77% 38.60p 320,286 16:35:19
Bid Price Offer Price High Price Low Price Open Price
38.90p 38.95p 40.45p 38.90p 39.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -41.27 -13.07 126.4

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DateSubject
16/7/2018
09:20
Bowleven Daily Update: Bowleven Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BLVN. The last closing price for Bowleven was 39.70p.
Bowleven Plc has a 4 week average price of 36.10p and a 12 week average price of 32.35p.
The 1 year high share price is 40.50p while the 1 year low share price is currently 23.50p.
There are currently 327,465,652 shares in issue and the average daily traded volume is 135,100 shares. The market capitalisation of Bowleven Plc is £126,401,741.67.
05/6/2018
17:17
nicky21: Guys you really need to check out COPL currently to buy 0.55p. A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.
22/5/2018
10:22
3waysout: Spudded and heading to £1 300 barrels min @ $5 = $1.5B BVLN 20% = $300m min Cash ++ = $100m min 330 shares Share Price $1.2 min between now and Dec 2018
26/1/2018
14:49
librag: Idiot. Look at the oil price graph, superimpose BLVN's share price over the last five years. In 2014 and 2016, BLVN shares crashed c/w oil. Who was in charge then? Recently the share price has correlated nearly 100% with oil. The Crown effect is real and contradicts your interminable wittering.
03/1/2018
13:59
pjj71: stop distorting the facts!!! the old board were scammed off the scene by some boiler shop website and crooked ocean when the share price was 36p - check the RNS dates. the share price has since tanked 20% and the oil price has nearly doubled.. you are clearly the idiot and delusional to the truth!!!
03/1/2018
08:48
3waysout: Afraid Mr Pajamas should focus more on the facts which clearly conflict with his agenda. The share price is where it is because of the incoming activist investor who started buying up on the mismanagement of the previous board. From as low as 17p from what I can see and in the low 20s exactly 12 months ago. Currently it is at least 30% higher that where it was when the old CEO was in place. So shareholder value has actually been materially increased following on from COC's change agenda. There is nothing as yet on par with the share price destruction under the previous management regime. I doubt that team will ever work again in the industry for this very reason. The share price should be higher no doubt and the market momentum for smaller O&G companies is not there (ie. VOG trading at below recent rights issue and down almost 40% from it's 2017 peak). All focus in 2018 is on the appraisal wells and the hope is that the new management regime will ensure the Bomono cost overruns are not repeated. With an activist investor having board representation, this should hopefully ensure the checks and balances are in place. Moreso that they were under the previous Board who should still be held accountable for their poor oversight during the last drilling campaign.
13/12/2017
12:33
pjj71: Oil price skyrocketing.. Oil Drills announced and the BLVN share price tanks.... where are those Muppets who try and defend crown crook ocean now???? Bring Back KEV!!!
03/8/2017
13:32
pjj71: Dunderheed.. not sure what planet you live on!!!! The near 40% collapse in the share price since the EGM says one thing and one thing only.. KEV was the preferred choice of the market to take BLVN to greater things.... if you think the clowns were the preferred choice then why has the share price sunk like the titanic when the oil price has been static... Good news normally sends a share price up, Bad news sends the share price down.. im sure you can understand that basic principle... The fact that the clowns have wiped millions of $$$s of the mkt cap since gaining control tells you they are BAD NEWS for BLVN!!! The only solution is to bring back KEV!!!!!
02/2/2017
07:03
thatbrat: COC vs KH vs BLVN The COC OPTION, if implemented via their proposed resolutions, will provide for some cash component returned to investors, a likely share price collapse, and asset strip / sell-off of assets at a small return (likely 100% profit for COC though). Those PI’s trading BLVN will make some money, those invested as LTHs will likely lose out… True asset value will NOT be realised by any shareholder... The KH OPTION would decline all of the COC resolutions, and keep everything as is, and await progress on Bomono by the BOD, and on Etinde by NA/CamGov. An uncertain timeschedule would see share price valued at cash in bank, this declining, until any positive operational progress is announced. This option has the potential to (eventually!) unlock true asset value…or to simply erode cash down to zero over the next 5-6 years…Or KH manages a sale of BLVN for a price which realises true asset value (minimum +1gbp). For this option to be attractive to shareholders, Billy Allen must implement a rigourous performance schedule, marked salary reductions, to be replaced with stock option based on specific individual and BLVN performance, accountability and deliverability on positive cashflow & strategic goals. Bowlevenholders recently published KH resume is damning though… The BLVN OPTION (the ‘Hartless̵7; option!) supports the company itself, not KH, and takes advantage of the COC resolutions to remove only KH, but leave the rest of the BOD intact, for those who blame KH entirely for BLVNs lack of delivery. This option might allow for Billy Allen to install a new CEO to invigorate BLVN, would retain and ‘motivate̵7; the rest of the BOD to deliver, and would block COC from asset-stripping the company. As suggested by many here, a performance schedule, high salary curtailments, performance-related stock options in lieu, accountability and strategic goal delivery are all requisite. IMHO, the COO is responsible for lack of delivery of strategic goals and should go immediately. KH, as CEO, has emplaced a strategy which is waiting to deliver (potentially significant and maximum value), and should be allowed 6-12 months to implement, via a new COO. Losing COO Clarkson also puts a big hole in the COC plans…He has delivered nothing, bought minimal shares…no loss… As shareholders, we should not be making our voting about KH, but we should be voting for the best value-creation model for BLVN.
02/2/2017
04:34
thatbrat: COC vs KH vs BLVN The COC OPTION, if implemented via their proposed resolutions, will provide for some cash component returned to investors, a likely share price collapse, and asset strip / sell-off of assets at a small return (likely 100% profit for COC though). Those PI’s trading BLVN will make some money, those invested as LTHs will likely lose out…True asset value will NOT be realised by any shareholder... The KH OPTION would decline all of the COC resolutions, and keep everything as is, and await progress on Bomono by the BOD, and on Etinde by NA/CamGov. An uncertain timeschedule would see share price valued at cash in bank, this declining, until any positive operational progress is announced. This option has the potential to (eventually!) unlock true asset value…or to simply erode cash down to zero over the next 5-6 years…Or KH manages a sale of BLVN for a price which realises true asset value (minimum +1gbp). For this option to be attractive to shareholders, Billy Allen must implement a rigourous performance schedule, marked salary reductions, to be replaced with stock option based on specific individual and BLVN performance, accountability and deliverability on positive cashflow & strategic goals. Bowlevenholders recently published KH resume is damning though… The BLVN OPTION (the ‘Hartless̵7; option!) supports the company itself, not KH, and takes advantage of the COC resolutions to remove only KH, but leave the rest of the BOD intact, for those who blame KH entirely for BLVNs lack of delivery. This option might allow for Billy Allen to install a new CEO to invigorate BLVN, would retain and ‘motivate̵7; the rest of the BOD to deliver, and would block COC from asset-stripping the company. As suggested by many here, a performance schedule, high salary curtailments, performance-related stock options in lieu, accountability and strategic goal delivery are all requisite. IMHO, the COO is responsible for lack of delivery of strategic goals and should go immediately. KH, as CEO, has emplaced a strategy which is waiting to deliver (potentially significant and maximum value), and should be allowed 6-12 months to implement, via a new COO. Losing COO Clarkson also puts a big hole in the COC plans…He has delivered nothing, bought minimal shares…no loss… As shareholders, we should not be making our voting about KH, but we should be voting for the best value-creation model for BLVN.
25/1/2017
18:56
thatbrat: Value of Etinde - ShareProphets and various individuals on ADVFN/LSE/iii are quoting the value of Etinde at around 50-60MM.$ (including 40MM.$ carry for two appraisal wells; 25MM.$ at FID), and simply adding that value to the current cash in the bank, to derive a BLVN target share value of 35-50p. Disregarding the carried wells (which are impossible to directly convert to 40MM.$ cash value), you only access the 25MM.$ on FID, and if you access FID then you are 1 year away from massive revenue stream coming online…so why would you sell your shares at 50p AFTER FID was passed and significant share price upgrade imminent? Makes no investment sense… Additionally, the above evaluations are taking no account of the actual value of the hydrocarbons in the ground. The FIRST YEAR alone of gas and condensate sales from Etinde (using IM-5 well data of 60MM.scf/d and 130bbl/MMscf, 10$/MMscf gas; 65$/bbl.condensate, quoted publicly) from 3 producing wells (IM5 plus two appraisal wells) would yield, for BLVN’s 20% share, 242MM.$, which discounted at 10% from 2015 is 165MM.$ value today (equates to 52pps). In the FIRST YEAR! So to ‘breakup’; / ‘asset-strip’ / sell BLVN at 50p per share (ie for effectively 1st years revenue) would be a senseless tragedy, when 20+ years of further revenue are still to come. At the very least BLVN breakup values are considerably higher, as current fully monetized BLVN share price valuations of Bomono plus Etinde approximate to 205p (with Etinde=1TCF, the current resource status); 676p (Etinde=3TCF, this is the P90 of the 2 carried appraisal wells); and 1455p (Etinde=6TCF, P10 of the 2 carried appraisal wells). A new board, cannot create new value, because it cannot action change now that BLVN does not operate Etinde. A new board will truly destroy value wrt BLVN share price potential. Current share price movements beyond cash, without operational progress, are ‘smoke-and-mirrors’ value. Disregarding the Bomono disaster, Etinde progress is now out of the hands of BLVN, and awaiting overall ‘partner alignment’, NA operator/CamGov agreement on development plan, drilling of 2 wells, and FID. Vote against the COC proposal. Allow NA/CamGov to progress to FID and realise true share price potential.
Bowleven share price data is direct from the London Stock Exchange
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