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
  0.00 0.0% 4.00 6,380 07:40:44
Bid Price Offer Price High Price Low Price Open Price
3.75 4.25 4.00 4.00 4.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.12 -0.81 13
Last Trade Time Trade Type Trade Size Trade Price Currency
12:24:15 O 708 3.755 GBX

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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 4p.
Bowleven Plc has a 4 week average price of 4p and a 12 week average price of 3.50p.
The 1 year high share price is 8.90p while the 1 year low share price is currently 3.40p.
There are currently 335,272,933 shares in issue and the average daily traded volume is 57,364 shares. The market capitalisation of Bowleven Plc is £13,410,917.32.
rayfenn: Given Etinde only need an oil price of $20-$25 to be economic it will defo go ahead with the oil price of $75 currently. FID news Q1 next year.
warbaby43: A rayfenn health warning - until removed from there, under RF68, he had been all over the LSE VOG board hyping that share.
warbaby43: From the BLVN point of view, aren't the central points that Golar wants to see Episeyo's 4 train capacity used rather than just the two currently shipping, and that the Golar/Perenco contract terminates in 2026 which just happens to coincide with the NA envisaged start of Etinde Phase 2. Where the Episeyo is currently moored is c 130km from Etinde and after the amount having to be reserved for domestic generation (what domestic generation being a perfectly fair question!) it is extremely doubtful that there is sufficient gas left available to make constructing a pipeline of that length viable. On the other hand, at the end of the contract with Perenco in 2026, should Episeyo be moved northwards by Golar to a point to be able service both the Perenco acreage and Etinde, then the BLVN JVP will almost certainly have a a viable and probably preferable alternative to Marathon's Punta Europa and Golar will see rather more of the Episeyo's capacity brought into use. That would certainly be less "politically challenging" to quote Our Eli, and avoid the necessity of an inter governmental agreement between EG and Cameroon necessitating a negotiation unlikely to take less than 12 months.
buy_more: major producers realise a net profit of between $0.05 and $0.25per litre fuel (gasoline/diesel), depending on the region/country/taxes etc. that should generate a beautiful dividend every year in case blvn joins the jv partners to production. that for sure is interesting to know re a potential take over. blvn for sure do not have to sell their stake too cheap.
welshki: Hi Dealy.......I'd say that chance is slim to none. As we are no doubt all aware COC by their very nature aren't likely to want to tie their large investment down forever and a day, the time needed and risk associated with taking this all the way through to production, in my opinion, isn't their business model. Plus there is the dividend payout of 15p, it would seem odd to hand out all that cash knowing the large amount of money they would need to go into production. With FID would come the possibility of raising money via debt but it just doesn't seem the most logical approach. I think Etinde and by extension BLVN is going to be sold shortly after FID to either Lukoil or New Age. The price, who knows, I am just glad KH is not negotiating that for us anymore! The most interesting factor for me is the CEOs 10,000,000 options which only trigger at 45p. Seems a crazy price point considering the share price now but they set it knowing all that we know now......just wonder does that 45p include the 15p divi so a sale could happen at 30p and options still trigger, or does a sale need to be at 45p no matter what.......food for thought
welshki: Dealy pay no attention to winnet he is a very bitter ex-shareholder, with zero class, that lost the vast majority of his investment here. An individual that was promoting BLVN at way over 200p and worshipping the ground Kevin hart walked despite the multitude of his failings, some the product of incompetence, others complete lack of fiduciary responsibility and some, I have heard on the grape vine, down to corruption. Either way winnet didn't bat an eye lid, or utter a single word of criticism throughout the entirety of KHs utterly shambolic reign here. Winnet has always said COC will run off with all of BLVNs cash (despite never providing a single shred of reason or logic) and even now when they paid out 15p to ALL shareholders, he is still not willing to accept reality and admit that COC are far better custodians than KH was, and ever could be. Winnets opinion is and always has been derived from either stupidity or dishonesty. Always whinging that COC "stole" this company, despite a completely legal and above board takeover that was allowed to happen due to KHs dismal performance. Fact is KH put the company in its woeful position way before COC arrived. COC have not done a single thing illegal, underhanded or irresponsible during their tenure and its desperately embarrassing winnet still can't accept that and still turns up like a sad little man when ever the share price drops.
gordan ghetto: ANA is the best UK cannabis stock Share price 1.1p Only £6.4m mkt cap Fastest growing sector worldwide Will have first mover advantage in UK Same growers as GW Pharma 4 biggest shareholders hold over 50% BOD own 30% Massively undervalued (£6.4m mkt cap) Near term multi bagger on license approval Partners with leading prof , scientists etc Primed for a RTO/ main listing (price driver) Under the radar (most chased MXC,CBX) Looking to bring a product to market Off take agreement in place already Will be producing 200 TONS per year (200,000 kilos) Has the most land out of every cannabis co Fully funded for phase 1 UK medical cannabis growing 20% month Only 584m shares in issue Hardly any available in open market Will apply for a commercial license too Worth getting in on the ground floor imho. hTTps://businesscann.com/work-on-12m-medicinal-cannabis-cultivation-facility-held-up-by-covid-19-uk-travel-ban/ hTTps://anandadevelopments.com/tiamat-agriculture-ltd/
buy_more: here is the report from 2017 with the explanation about the "Bowleven Transformation Incentive Plan". on page 23 are the details as copied below where it's agreed that the share price has to be between gbp 0.45 - 0.80 for a continuous period of at least 3 months. hTTps://www.annualreports.com/HostedData/AnnualReportArchive/b/AIM_BLVN_2017.pdf Bowleven Transformation Incentive Plan The BTIP was adopted by the Board of the Company on 9 May 2017. The purpose of the BTIP is to align employees with the Company’s long-term goals and performance through the potential for share ownership. Awards under the BTIP are granted at the sole discretion of the Remuneration Committee. As announced on 12 May 2017, Eli Chahin, the Chief Executive Officer, was granted a right to acquire up to 10,000,000 ordinary shares in the Company at a nil cost under the BTIP. The Option shall be exercisable subject to and in accordance with the rules of the BTIP, including the extent to which certain performance conditions are satisfied over the performance period commencing on the date of grant and ending on 31 March 2022. The Option’s performance conditions relate to the attainment of certain share price points between £0.45 and £0.80 per share for a continuous period of at least three months and meeting the annual cost underpin criteria, whereby the annual cash costs incurred must be below the amount set out in the cash expenses target set by the Board. Malus and clawback provisions apply. Options under the BTIP which vest may be exercised within ten years from the date of grant.
warbaby43: This is a dollar industry so rather than first thinking in terms of pence per share, more relevant perhaps to think of what dollar price BLVN's 48.8m boe might be sold for and guestimate what the £/$ rate might be and attempt then to work back towards a range of possible share price So far as production and the possibility of dividends are concerned, it's going to be at least three years before production, and financing is going to be expensive, given political and surety of gas income risks. Additionally, the other partners are likely to wish to continue drilling, given the raft of other significant prospects that lie within Etinde, so a significant chunk of income remaining after financing is going to be required to fund BLVN's share of those costs. Throw in the fact that Lukoil's present 30% share entitles it to just c73m boe and the most beneficial outcome for both parties would seem to be for Lukoil to buy BLVN near to or soon after FID, so that their share becomes c 122m boe - much more appropriate for an oilie of their semi major size. Many more pages still to turn in this story but, at least, there should be a steady flow of updates from now on in.
nufckk: Regarding the share price....the Bowleven Transformational Incentive Plan expires in March 2022. I have a lot of time for Eli and believe him to be a good guy, but unless he hits his target by December next year (the share price needs to stay above target for 3 months) his free 10,000,000 shares are toast. Now that would focus my mind.
Bowleven share price data is direct from the London Stock Exchange
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