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
  0.32 5.13% 6.56 113,647 16:35:03
Bid Price Offer Price High Price Low Price Open Price
6.40 6.72 6.40 6.10 6.12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -52.44 -15.76 22
Last Trade Time Trade Type Trade Size Trade Price Currency
15:16:35 AT 655 6.40 GBX

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Bowleven (BLVN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-01-17 15:16:356.4065541.92AT
2020-01-17 15:16:356.401,01264.77AT
2020-01-17 15:16:266.401,36087.04O
2020-01-17 14:18:576.4030719.65O
2020-01-17 12:55:036.4046,5852,981.44AT
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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 6.24p.
Bowleven Plc has a 4 week average price of 5.50p and a 12 week average price of 4.78p.
The 1 year high share price is 19.64p while the 1 year low share price is currently 4.78p.
There are currently 335,272,933 shares in issue and the average daily traded volume is 340,921 shares. The market capitalisation of Bowleven Plc is £21,993,904.40.
dunderheed: PJJ, the risks are the risks are the risks - simple. Now you've been clearer in that you would be willing to take a "punt" on a lower share price backed by potential asset valuation as you feel you would get this money back if liquidated. Why do you think it will be liquidated at that exact point in time when these assets can be monetised - isn't there a risk the BOD could do a "Kevin" and string it along as a "lifestyle"? Just wondering like...
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
gark: 11mn in the Bank, 25mn on FID, lower than GBP 30mn market cap. Lukoil paid USD 250mn based on current reserves prior to further drills showing more liquids. Should get to FID and delay is due to the changes at New Age where management is totally changed. Disappointing news today but that had been forewarned in share price movement and if this gets to FID we should be able to achieve a valuation of above GBP 100mn so alongside cash a multi bagger from today's level. If we get it to production then it is worth more.
magnum opus: Sticking to the half full glass, I read Noble made their FID on the Alen field next door back in April, spending capex $300m to develop 600m bcf recoverable, smaller than Etinde with limited liquids, but we have the Cam Gov insistence on fertiliser/power plant to deal with. Also earlier this year a contract was signed for a used rig to act as a hub for the liquids on Etinde, together with the new magmt at New Age I felt optimistic at one time but share price says otherwise, albeit on no turnover and manipulated to death by the algos. GLA.
gark: Share price was below 9p equivalent in October 2018 before news sent it higher. With AIM things seem to happen in reverse. Held another share that went up significantly before bad news announced so this market can be counter intuitive.
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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