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
  +1.20p +4.36% 28.75p 357,777 16:35:28
Bid Price Offer Price High Price Low Price Open Price
28.05p 28.95p 28.95p 27.05p 27.05p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -41.27 -13.07 94.1

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Bowleven (BLVN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-21 15:52:5928.506,4291,832.27O
2018-09-21 15:35:2828.7533,0549,503.03UT
2018-09-21 15:26:3028.959,1952,661.95AT
2018-09-21 15:26:3028.951,103319.32AT
2018-09-21 15:08:2128.952,493721.72AT
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Bowleven (BLVN) Top Chat Posts

DateSubject
22/9/2018
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 27.55p.
Bowleven Plc has a 4 week average price of 27.05p and a 12 week average price of 25.35p.
The 1 year high share price is 40.50p while the 1 year low share price is currently 25.35p.
There are currently 327,465,652 shares in issue and the average daily traded volume is 437,623 shares. The market capitalisation of Bowleven Plc is £94,146,374.95.
21/9/2018
13:03
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
20/9/2018
07:50
rm137: Agreed warbaby43. So, how does this play out on share price. I’m now moving out of my area of expertise, so perhaps you and others can comment here - but my speculation would be as follows. IE-4 result will prompt same oscillations - as a banker friend once said to me, prices move on news - but the value realisation event is FID. SO the price will settle back to money in the bank with a little bit extra for hope, just like now, until there is a line of sight to FID. I’d offer that the indicator will be a credible FEED for whatever is agreed by the JV and SNH. Thoughts anyone?
19/9/2018
12:52
rm137: warbaby43. Thanks ; tying into an existing facility, whether Hilli or through Chevron’s Alba and onto Bioko is completely logical...LNG process costs are then covered by a tariff, so OPEX rather than upfront CAPEX. There’s some engineering design needed for the pipeline and route, and a decision on whether a multi-phase line or separation at Etinde. This is doable from the engineering perspective; would need a decent FEED study, but with a willing operator, could deliver FID next year. This also shifts the Reserves risk back to the JV, rather than the FLNG company, so may be better for Etinde. The challenge is probably commercial and political on several levels. NewAge have a stated FLNG agenda for themselves, so potentially unwilling to give that up and in the process pay tariff rather than receiving tariff to fund their own barge. Politically, Cameroon want the local power scheme, so there will be some negotiating to do. And the gas sales agreements, whatever the point of sale, will take some haggling. Still, if all parties had an eye on a mutually beneficial prize, rather than holding out exclusively for their own agenda, and if the hype was replaced by some pragmatic engineering, then FID could happen late 2019... which would maybe trigger the share price response that everyone is looking for.
15/9/2018
19:28
rm137: Let’s break down the NewAge website account of Etinde - I’ll declare my credentials, developing oil and gas fields is what I do for a living for the past 30yrs. - Exploration success without development suggests the discovery to date is not economic. In this instance, the continuing appraisal programme was about proving up sufficient volume for an FLNG scheme - see my last post, needs to be 2TCF plus. - The main reservoir target is the Intra Isongo discovered in IM-5. New Age refer to this “extending across the block” and the “key objective of the future work plan”. This was written before IM-6, which came in wet in the Intra Isongo. - so the appraisal has failed to prove up sufficient volume for an FLNG development. The volumes targeted in IE-4 are irrelevant to that conclusion. - So, to achieve monetisation, the development focus needs to shift away from FLNG, which at a lot less than 2TCF doesn’t work, to what can be achieved, a gas to power scheme with liquid offtake, but with less return...or even potential uneconomic if the development well costs and numbers can’t be reduced. - The IE-4 result is only relevant to the extent that it provides another offtake point to support that development solution. - Therefore, the future of Bowleven share price depends on whether NewAge can shift to a power scheme development of Etinde. There is no other sensible monetisation route.
17/8/2018
11:35
ramayer: Bit of a mixed RNS for me, initial disappointment quickly passed and I think there is some potential positives to take. Firstly, the main aim of the drill " to delineate the wet gas/water contact location” has been achieved. “will allow a revised estimate of the condensate bearing wet gas/water reservoir volume in the 410 intra-Isongo sandstone gas condensate discovery. The Etinde field has discovered wet gas in place of c 0.9-1.1 tcf. “ Will this lead to increased or decreased volumes? Potentially it could firm up high end volumes so be a firm positive. The second is this paragraph "The gas logging data collected in the 310 intra-Isongo showed gas shows during drilling. Well log data and reservoir fluid samples taken provide a good indication that, the Middle Isongo sections in particular, are of interest as the two horizons both show condensate rich reservoir fluid samples." In my eyes that’s a potential discovery of rich condensate which could be very valuable data for our Partners and might potentially be revisited after further analysis. (data like this wont help share price of small AIM company’s but it will be of great interest to our buyers and the long-term future of Etinde) All being said and done it might not be a huge commercial discovery but I bet there lots of important and valuable data to be learnt from this complex drill. I doubt we will ever know the finer details of every part of this drill program and I would have thought our partners will be a little subdued and conservative with any positivity due to political tensions and the fact they could be buying up our share of the field. The relatively low volumes over the last few days points to no serious players exiting and a strong resilience in the share price around 30p. We get another stab at a discovery and DE risking other prospects on our next drill IE-4, so onwards and upwards.
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
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!!!!!
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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