Bowleven Share Price (BLVN)

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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	Shares Traded	Last Trade
	-0.75p	-4.11%	17.50p	208,302	09:02:15

Bid Price		Offer Price	High Price	Low Price	Open Price
17.50p		18.00p	17.76p	17.50p	17.76p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers		-5.33	-1.51		58.7

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Shell A (RDSA), BP (BP.), Katoro Gold (KAT), Spitfire Oil (SRO)

Bowleven (BLVN) Latest News

Bowleven News

Date	Time	Source	Headline
07/1/2019	08:42	ALNC	Bowleven Shares Jump On GBP50 Million Special Payout
07/1/2019	07:35	ALNCF	Alliance News Flash Headline
07/1/2019	07:32	UKREG	Bowleven plc Proposed Special Dividend
12/12/2018	14:19	UKREG	Bowleven plc Result of Annual General Meeting
19/11/2018	14:20	UKREG	Bowleven plc Posting of Annual Report and Accounts 2018
09/11/2018	07:00	UKREG	Bowleven plc Block Admission Six Monthly Return
08/11/2018	16:21	ALNC	Bowleven Annual Loss Narrows Sharply As Impairment Expenses Ease Off
08/11/2018	07:01	UKREG	Bowleven plc Preliminary Results Announcement
02/11/2018	13:43	UKREG	Bowleven plc TR-1: Notification of major holdings
26/10/2018	06:00	RNSNON	Bowleven plc Notice of Investor Call

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Bowleven (BLVN) Discussions and Chat

Bowleven Forums and Chat

Date	Time	Title	Posts
17/1/2019	23:25	Stock Holders United (man u fans auto banned)	18,307
07/1/2019	22:28	BLVN Bowleven (oil and gas) - new to AIM	40,850
26/6/2018	10:54	WHY DID LE COMMISSAIRE DELETE 1000 OF HIS OLD POSTS ?	70
24/3/2017	17:17	60p final takeout.the COUNTDOWN is ON!	2
20/3/2017	23:11	how do we kick hart out	6

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Bowleven (BLVN) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:45:41	17.25	158,708	27,370.94	O
09:41:09	17.95	1,000	179.45	O
09:10:31	17.67	2,442	431.38	O
08:49:13	17.81	1,000	178.14	O
08:43:06	17.50	30,000	5,250.00	AT

View all Bowleven trades in real-time

Bowleven (BLVN) Top Chat Posts

Date	Subject
24/1/2019 08:20	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 18.25p. Bowleven Plc has a 4 week average price of 16p and a 12 week average price of 16p. The 1 year high share price is 40.50p while the 1 year low share price is currently 16p. There are currently 335,272,933 shares in issue and the average daily traded volume is 2,209,014 shares. The market capitalisation of Bowleven Plc is £58,672,763.28. Read Full Thread Reply
09/1/2019 11:11	hot_topic: .....further, unless you think the share price will rise, it doesn't make sense to buy only to reap a dividend (on which you may be taxed) of 15p when you know the share price will then fall back by 15p immediately after. You might as weell sell now and take the cash as capital gain rather than income. Read Full Thread Follow Reply
09/1/2019 08:31	bakero: No.15p of value is removed, so logically the price will halve to 15p (perhaps slightly less if the tax implications mean the 15p dividend is being valued at less than 15p in the current price)The payment action has other impacts, includingThere is no longer a risk this cashpile will be spent and never make its way back to shareholders; conversely it can not be used to produce shareholder value.What remains may be more or less attractive to a buyer, with all that cash gone.Increased focus on the Etinde asset value as a proxy for share price.COC get half of their cash back; is the company now ready for a final sale, or are COC more relaxed about exit timing with less of their working capital tied up?I think we may have a share price of 20p a month from now, and am targetting a sale of the rest of the company at 30p-40p in the next 15 months (max). Would love to be surprised by the analysis of last year's drilling results though. Read Full Thread Follow Reply
09/1/2019 07:38	bakero: Hi kbrook,Broadly, yes.The 15p/share dividend should be treated the same way as any other dividends you receive. Being PAYE, and even if you have an unrealised capital loss, does not change this.You do have a £2k tax free dividend allowance (18/19); if your total dividends exceed that then there is additional tax to pay. Note that this is the case if you have other dividend paying stocks too, nothing different about the BLVN payment.Dividend tax is 7.5% for a basic taxpayer, 32.5% for a higher rate taxpayer and 38.1% for an additional rate taxpayer.How does the taxman find out? Because you tell him! You have a legal responsibility to pay the tax due, so you need to inform HMRC. Depending on the amounts involved you may be required to complete a tax return (a simple task I would recommend doing anyway every year to be sure you are always paying the correct tax!)Will people sell prior to 18th Jan? Perhaps. Those who hold in an ISA or SIPP will have no tax to pay, so this does not apply. If it was a widescale issue then the share price would fall less than 15p when it goes ex-div (as the dividend isn't 'worth' 15p), but for majority of shares I do not believe there is a tax issue.If you are impacted then you may consider selling and keeping exposure via buying back in an ISA, or via spreadbet; though those strategies have their own cost (e.g. bid/offer spread)Or you may take a view that you can buy back more cheaply ex-div; I am hoping/expecting not though.bakero Read Full Thread Follow Reply
09/11/2018 13:40	warbaby43: “It’s inconceivable that a reserve of this size can not be monetised at such a level that shareholders who have come in over the last two or three years can’t get back the money they have invested.” "Chahin's latest comments based on last 3 years share price suggests they think we'd be lucky to get over 40p" C'mon cyan, being conservative is one thing but being depressive is quite another! It's a remarkably bold and confident statement for a CEO to make and the only words that are missing, but are surely implied, are "at least" (NB COC's ave price is c28p) Top up your glass to past half way and ponder your 38p being the equivalent of just $62m for the BLVN share of Etinde - barely more than one dollar per barrel for the present 20%'s 58mboe or less still for 25%'s 72.5mboe and that's before ANY uplift. My arithmetic - $100m cash at FID = £77m (at sterling $1.30) and with 327m shares = 23.5p per share so then for Etinde 14.5p per share x 327m = £47.4m = $61.6m At FID too, the 1.1 tcf, or whatever the uplift might get it to, will then be "reserves" and not just "contingent resources" Meanwhile, when the time comes, and I don't believe COC are in the hurry assumed (they weren't with EuroHypo Bank bonds,) let's also hope that the dollar is then even more mightily strong. As always corrections, especially to my arithmetic, welcome. Read Full Thread Follow Reply
22/10/2018 17:05	cyan: We have a bonus ,unexpected, interval flowing; "17.1 mmscf/d and 8,780 bopd". Hardly bad new is it? Just because the volumetric s have not yet been worked does not mean this not potentially very significant. We had a share price of circa 40p on what we THEN knew. The two recent drills were about ADDING value; and they have; A large increase in the 'area' of ETINDE (awaiting volumetric s) and an 'unexpected' interval which flowed VERY well. At least we have a lot of cash which gives a base for the share price to recover from. Another conference call can not come too soon. I wonder if there will be an early really low opportunistic offer for BLVN's percentage. Read Full Thread Follow Reply
22/10/2018 13:57	slipanchor3: warbaby43 Good post you have put most of my thoughts into words. What confuses me is why has the market marked it down they very rarely get it wrong unless they are waiting for the final analysis of the appraisals and a plan forward for FID. The problem I suspect with the share price is that there are so few shares now in the hands of PI'sthat the share price can be manipulated in any direction especially with the use of algo's. I'm sure most people on this board have witnessed the huge swings with so few shares traded and the lower the share price the better the offer looks to the market. I would say if any of our peers had any desires to take out BLVN they may never find a better opportunity bearing in mind Lukoil and New Age bought into Etinde on the strength of contingent resources. Read Full Thread Follow Reply
05/10/2018 11:13	rm137: secs in the city, warbaby43, regretfully it's worth clarifying what it takes to book 'Reserves' as compared to 'Contingent Resource'. Whatever the estimated discovered hydrocarbons at Etinde, it is classified as Contingent Resource until a development scheme has been established, including a route to market. You don't necessarily need FID, but you do need a clear line of sight to FID, and that means a FEED study(Front-End Engineering Design). And in the case of a gas development in West Africa, for a Reserves booking, there also needs to a gas sales agreement. And given that Etinde would be developed under a PSC (production sharing contract) with SNH (Cameroon state hydrocarbon), then this needs SNH approval, and under Cameroon petroleum law that also means Presidential approval is required for a project to proceed. Therefore without a development scheme, gas contracts and SNH approval, there can be no Reserves booking. However, that's not to say there isn't value in Contingent Resource. But as we've seen in the Bowleven share price, Contingent Resource doesn't get realised in the share price unless there is clear line of sight to FID. So, we should not expect a Reserves booking. As regards the estimate of both liquids recovery and recovery factor, for a gas condensate development in multiple reservoir intervals at different pressures, the recovery factor will be a function of the wells count and production strategy. And the prices paid would be a function of the gas sales agreement, the liquid yield and the condensate prices at the time (3-5yrs ahead of now). With a PSC arrangement, there is also allowance for cost recovery, but the price for liquids is often governed by the PSC terms. Therefore, I would be very cautious with quoting recovery factors and valuations until the development scheme is established, a gas sales agreement is reached and agreement with SNH established. As I have said before, this does not mean that the Bowleven share price can't move on good news.... the news required is clear signs of commitment from the operator, New Age, to a development...and that will be the FEED contract. Once there is a FEED ongoing, there is everyone reason to expect that the value of Etinde should be realised in the Bowleven share price. At the point, Bowleven's best option is to monetise and get out, since it will otherwise have to raise 25% of the development cost... Read Full Thread Follow Reply
21/9/2018 12:03	cyan: I wish I recorded the call now. Why take it down?. Here is a bit I started to transcribe; Question from Ahmed "..your current market cap is around $115 million of that we said about 85 to 90 million is cash and securities, and then you have the contingent cash on FID of $25 million, so, you know,essentially what i am trying to say is; the stock price today is reflective of the cash and FID and, you know,in your opinion, why do you think the market or investment community at large is failing to value or acknowlege the resources in Etinde; we're talking about, you know, 300 million in barrelsa of oil equivalent, more or less in Etinde, of which 60 million is Bowleven's share. Conservatively by our estimates that's 25 to 30p, so that's another 75% of upside to this stock. It just, you know, baffles us that the market does not acknowledge that." Reply "I think that's a fair comment Ahmed. clearly we're disappointed that the value of Etinde is not reflected in the share price, in fact, if youb do break it down as you have` in terms of the cash component ; the FID and of course, the carry; we get to where the current share price is currently which effectively values ETINDE at, you know, very low numbers. Certainly , you know, we are no-where neare where we would like to be. I think one of the problems with small oil & gas companies is its really hard to view or see how quickly this assets going to take to monitization. The history of Etinde has been disappointing in terms of the delays in appraisal program and i think the challenges of work in west Africa are well docomented. I think as we get closer to a development option that's sanctioned by the government; there's no question, in my mind, that we will get there , and i think the catalyst are, of course, the test results , and when they come in, and when we have a more active engagement from the governmentwho is quite keen to see this asset developed, and there has been........" sorry that's as far as i got Read Full Thread Follow Reply
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!!! Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

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