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
  0.165 6.55% 2.685 1,707,311 16:35:24
Bid Price Offer Price High Price Low Price Open Price
2.47 2.90 2.86 2.75 2.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -52.44 -15.76 9
Last Trade Time Trade Type Trade Size Trade Price Currency
15:43:59 O 25,000 2.8999 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-08 14:44:002.9025,000724.98O
2020-04-08 14:43:212.9016,907490.29O
2020-04-08 13:44:002.943,750110.25O
2020-04-08 13:41:502.9099,9992,899.87O
2020-04-08 13:41:122.80169,9654,762.59O
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Bowleven (BLVN) Top Chat Posts

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 2.52p.
Bowleven Plc has a 4 week average price of 1.65p and a 12 week average price of 1.65p.
The 1 year high share price is 15.60p while the 1 year low share price is currently 1.65p.
There are currently 335,272,933 shares in issue and the average daily traded volume is 1,060,076 shares. The market capitalisation of Bowleven Plc is £9,002,078.25.
nufckk: I hope FID and the sale of Etinde are tied in. In that way, when the government approve the FID they’ll be approving the transfer of Bowleven’s percentage to Lukoil at the same time. After six years it’s hard to get excited when really good news is met with such apathy towards the share price and the expected FID date gets pushed further back
gark: Technip look like a very impressive outfit. 37,000 employees and at the forefront of efficiency in oil and gas production design. we seem to be marching ahead towards FID but no appreciation of that in the share price. Only thing to do is hold but if we get more positive news flow I think it will be the time to buy. Risk is more equity is needed once $25mn is paid. You'd think that Lukoil would want to buy us out considering that they will need to pay anyway.
nufckk: BTK....I know what you’re saying about the share price, but they’re barely shouting the news from the rooftops. I notice the last two RNS’s weren’t even posted on the LSE website ( to save money? ). If I wasn’t receiving e mail alerts from Bowleven themselves I’d be none the wiser today. Whilst there appears to be little interest in Bowleven I suspect a lot of the shares are in sticky hands now. I can’t help but feel the share price isn’t the game anymore, it’s how much we can sell Etinde for.
billytkid2: Share price still suggests the market is very sceptical. Market cap around the levels of the FID cash alone. I'm trying to assess who are the winners if FID doesn't meet the deadline and the license lapses. Are Lukoil and / or NewAge likely to get the whole asset themselves after some backdoor dealing with the Cameroon government or would it be a blow to them also? I hope this works out for Bowleven (I'm a shareholder) but they are a small player in all this and the share price suggests they are going to get squeezed out.
nufckk: I have had the same sinking feeling as you kbrook but a couple of things don’t quite fit. 1. There are other major shareholders whom you would suspect would need to be in on the plan. 2. Eli has actually rang me and talked to me regarding my e mail requests for more news (around July this year). I didn’t ask him to, he just did. I suspect he has also chatted to other shareholders. Although I got very little real info from the chat it was reassuring which is a strange thing to do if you want the share price lower and the eventual plan is to shaft us. Is anyone going to the AGM? I’m sure we’d all appreciate some feedback on the event. I certainly can’t imagine Eli holding another telephone Q and A session
warbaby43: "they seem to be guiding the valuation lower that is significantly bringing the share price lower ...............In terms of motives I have no idea if there are any but there is definitely a difference in stance and guidance between BLVN and others I think." In terms of motives gark, the one I posted a couple of weeks ago at 18638 might be the one to give real concern to PIs - to see the price down at or below these levels to be able to then take the company private at a knockdown price - eg Fortune Oil a few years back. However, Chahin does have form for issuing seemingly depressive RNSs - eg the IE-4 Result in October 2018 which provoked considerable alarm and indignation at its tone. In that case when they were bombarded with e mails like the one I sent, they responded by ameliorating and calming the situation with a Conference Call. This time while there might not be a Conference Call, the effort and attention given to the AGM and accompanying Presentation might provide some indications as to whether they're up to no good. Btw, I sure hope you Southerners and London lot will be going to the AGM next Wednesday and reporting back for the benefit of us northern provincials. It would be greatly appreciated.
gark: I have no idea but they seem to be guiding the valuation lower that is significantly bringing the share price lower. Clearly still massive risks here but they have made significant progress towards de risking and taking it forward. The language they are using seems to be less positive than the JV partners. In terms of motives I have no idea if there are any but there is definitely a difference in stance and guidance between BLVN and others I think.
cyan: COC's interest in BLVN was quite clear from the start ; to carpetbag; make a fast buck; not stay the course to development. If you go all the way back to March 2017 Malcy and his useless spies were reporting that COC had lined up a buyer for ETINDE. I think a lot of investors recognised COC's intention and were hoping to cash out. Sometime ago I expressed the opinion that COc must have been 100% certain of an Etinde sale to justify such a large return of cash. I was completely wrong. It now appears that COC just couldn't wait to get their hands on the cash pile and that has lead directly to the present dire straights. The share price is in the toilet and it appears not even our partners want to buy our 20%. COC do not mention an out right sale at all now. Its all talk about how they may have to raise more funds in order to participate in a possible field development. How many here expected that they would possibly face being asked to dig deep into their pockets? The RNS was bad news; the asset value has gone down and we have the license expiry risk. What will the government do if FID is not achieved in time; ask for an extension fee or .....? The expiry date is not that far away and yet the partners seem a long way from a settled development plan . If COC manage in fast order to get to FID and that $25m payment; its still not going to be enough to pay our share of development costs; Read this from the RNS; "As Bowleven continues to fund its obligation to get to FID, the resulting payment to the Company of $25 million by our JV partners will provide a suitable cash buffer until additional funding for our portion of the project development cost is secured." Bowleven remains a money pit. I am out now. Good luck
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...
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!!!
Bowleven share price data is direct from the London Stock Exchange
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