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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bowleven Limited | LSE:BLVN | London | Ordinary Share | Ordinary Shares |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.15 | 0.40 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.275 | GBP |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/9/2024 | 06:00 | UK RNS | AIM Cancellation - BowLeven Plc |
| 20/9/2024 | 06:00 | UK RNS | Bowleven plc Holding(s) in Company |
| 17/9/2024 | 17:00 | UK RNS | FTSE Russell BowLeven |
| 12/9/2024 | 09:11 | UK RNS | Bowleven plc Result of Exit Opportunity |
| 28/8/2024 | 13:25 | UK RNS | Bowleven plc Result of GM |
| 09/8/2024 | 19:01 | ALNC |  TRADING UPDATES: FBD pretax profit falls; Getech's retail offer |
| 09/8/2024 | 06:00 | UK RNS | Bowleven plc Cancellation, Exit Opportunity & Notice of GM |
| 22/7/2024 | 06:00 | UK RNS | Bowleven plc Board Appointment |
| 30/5/2024 | 12:46 | UK RNS | Bowleven plc Block Admission Update |
| 09/5/2024 | 08:52 | UK RNS | Bowleven plc Block Admission Six Monthly Return |
Bowleven (BLVN) Share Charts1 Year Bowleven Chart |
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1 Month Bowleven Chart |
Intraday Bowleven Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/11/2024 | 17:58 | Stock Holders United (man u fans auto banned) | 19,873 |
| 17/9/2024 | 20:04 | BLVN Bowleven (oil and gas) - new to AIM | 40,949 |
| 25/7/2024 | 09:41 | Bowleven Plc 2024 / 2025 | 18 |
| 12/10/2020 | 06:41 | BLVN..Undervalued Assets - Troll Free | 32,046 |
| 26/6/2018 | 10:54 | WHY DID LE COMMISSAIRE DELETE 1000 OF HIS OLD POSTS ? | 70 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 02/9/2024 10:34 by warbaby43 Am I looking in the wrong place or have those Q&As plus the promised elucidation on the Matched Bargain arrangements yet to appear on the BLVN website? |
Posted at 26/8/2024 10:28 by warbaby43 One other issue which has long been skirted round at AGMs but with BLVN going private might now get answered is:- Just what is the maximum potential output for the IM and IE fields (assuming the IE issues can be resolved) both for gas and, importantly, for liquids? The other development question relates to an alternative to Bioko that might be preferred by the Cameroon government, given the major economic problem the country has with foreign exchange consuming import bills, not least for LPG and fertilisers - Given that there have been repeated recent reports in the Cameroon media of the government again looking seriously at construction of a fertiliser plant, have SNH raised this with the JVP? |
Posted at 23/8/2024 12:37 by warbaby43 ham74, herewith some suggested questions for you or anyone else attending the meeting though I would again recommend that once you have compiled a full list, you forward it to the company to give them some notice.Hopefully, like at AGM time you will again be able to provide the same sort of excellent report you provided post that meeting. - Directors to reduce salary/fees – meaningfully, ie at least halved? - Presumably OVMK is staying on board but can anything be said of the position of the other 3% investor? - The transition from PLC to Limited = a new entity so is consent required from SNH and been received? - How much is this exercise costing and how much of the $2m raised in March will remain once complete and what is the forecast monthly expenditure for the next twelve months? - Are COC contributing to the cost of this transition? - Can an indication be given of the sort of updates the new limited company will be providing to shareholders via the company website? - As the operatorship is pivotal and as, post Perenco interest, New Age dismissed their tech team in Autumn 2022 is it known if they have recruited/are recruiting replacement personnel commensurate with their position as Operator or are they still seeking an exit from the JVP? - At the time of the Interims, it was indicated that a meeting with SNH was anticipated regarding the proposed pursuit of the Bioko development concept, did that meeting take place and were SNH supportive? - Is the JVP yet unified on the form of Bioko development concept? - Are the considerable tax losses accrued by the PLC transferrable to the LTD? - As part of their "Open Letter to Bowleven Shareholders" of February 2017, COC posited "With Bowleven becoming an efficient, one-asset company with available tax losses to shelter future taxable income, we view it as a likely scenario that he final monetisation of Etinde would take place in the form of a corporate transaction, ie an offer to all shareholders by a third party" - does the new board of Bowleven Ltd share that forecast likely scenario? |
Posted at 19/8/2024 16:04 by ctc1 Qn: How do they plan to communicate with those minority share holders if at all? |
Posted at 09/8/2024 07:51 by wakeland Dealy, I take it then that you intend to stick with blvn as a share of a plc,Seems pretty sneaky to have gone to shareholders for funds in march when presumably thet already were planning to delist. |
Posted at 09/8/2024 06:31 by dealy This is the right course of action. Private companies raise money based on business plans. Public companies raise money at a huge discount to already hugely discounted share prices |
Posted at 18/7/2024 11:15 by tomboyb etinde to be worth $155million to BLVN -Needs an update on it - |
Posted at 11/4/2024 08:15 by manual dexterity UPL is Upland Resources. It was sitting on a similar share price we have to BLVN now around 0.15p and now comfortably sits above 4p. |
Posted at 19/12/2023 12:51 by tabhair "Bowleven would prefer to see the share price rebound to minimise dilution."I did laugh at this bit. What do they mean, instead of trading at .50p they want it to trade at 1p instead? At this sort of market cap, the share price is irrelevant as any dilution is going to be chunky. The biggest question here (assuming you believe there is value in the asset) is that minority shareholders are going to be protected and allowed to take part in any rights issue on equal terms. Did AGM attendees get any sense that management would do right in this regard? |
Posted at 08/12/2023 19:35 by ham74 Here are some other bits and bobs gleaned from the AGM:Limited communication The joint venture between Bowleven, Lukoil and New Age, is technically an “unincorporate Nonetheless, they are aware that Perenco and New Age agreed to an addendum to the long stop date. Bowleven has had sight of it but cannot share it as it is private. Recoverable costs Regarding the difference of opinion over USD 10 million of recoverable costs, there are a few angles. Bowleven’s share of this is only 25% or USD 2.5 million. The money can only be recovered from future cashflows from Etinde In the greater scheme of things, USD 10 million is not that much for a project that could generate over USD 1 billion of cashflows. There has been a 10 year audit trail on costs, which is naturally a big exercise. Bowleven anyway expect this dispute will be resolved. Other Perenco licenses One possible source of complication and delays, is that Perenco could be negotiating /renegotiating multiple licenses with some inter-related and overlapping issues. We already know they renewed the Rio del Rey license earlier this year. Possible sale of Bowleven Etinde stake If this ever happened, the SNH approval process should be less complicated, because Bowleven is a financial investor and not an operator. Geopolitics and costs of capital The Chad pipeline dispute, and change of regime in Gabon, could raise fears of contagion risk, increasing the country risk profile. Equatorial Guinea however looks relatively stable. Geopolitics might increase costs of capital but the auditors agreed to a 15% figure in line with previous years. Perenco in West Africa Perenco is the largest player in Cameroon, and is also active in Ghana, as well as Gabon. Capital raise Bowleven would prefer to see the share price rebound to minimise dilution. The aim is to offer it to existing shareholders, but they could also be open to new shareholders. Some form of hybrid structure could be considered, though a pure loan would be unlikely. Any offer probably needs to be fully underwritten to take out the execution risk. They cannot disclose details of the Crown Ocean proposal, such as the share price, because it is private, and is anyway an ongoing discussion. Domestic Gas This could be important as part of the ESG agenda, in terms of obligations to the host government. Development Finance Institutions If the project gets to development plan and FDI stage, it is possible that development banks and other multilateral agencies might provide some financing. Bowleven has had discussion with banks in African and France before, but there needs to be a clear development plan agreed. Lukoil logistics Bowleven think that Lukoil needs to be aligned on the development plan. Costs There are currently two directors, two finance staff and someone on the ground in Cameroon, at the Euroil subsidiary. Overheads (excluding development spending) could be about 1.5 million a year next year, but not all would be a cash outlay. If the directors defer their emoluments, these amounts will be accrued. The costs of being listed are about 300,000 to 400,000 a year. |
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