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% 3.65 50,358 08:00:08
Bid Price Offer Price High Price Low Price Open Price
3.00 4.30 3.65 3.65 3.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.43 -0.72 12
Last Trade Time Trade Type Trade Size Trade Price Currency
15:28:59 O 105 3.525 GBX

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Bowleven (BLVN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-28 14:29:003.531053.70O
2022-06-28 12:30:543.5050,0001,750.00O
2022-06-28 11:04:333.952539.99O
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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 3.65p.
Bowleven Plc has a 4 week average price of 2.38p and a 12 week average price of 2.38p.
The 1 year high share price is 6.25p while the 1 year low share price is currently 2.38p.
There are currently 335,272,933 shares in issue and the average daily traded volume is 45,967 shares. The market capitalisation of Bowleven Plc is £12,237,462.05.
warbaby43: One giant step for Bowleven man with Perenco clearly not being phased by having Lukoil as a partner but what would really be interesting is to know the price being paid by Perenco. Meanwhile, back to posts 19202 and 19206 regarding Etinde/Perenco/Episeyo/Golar Do the odds now lengthen on EG and shorten on Episeyo for Etinde gas, or is the Perenco intention to allow the Golar contract to expire in 2026, swallow the pipeline costs and aggregate their production with that of Etinde to increase the viability of the EG gas hub and construction of the long on the drawing board second train of the Marathon LNG plant I welcome correction but my understanding is that the Episeyo does not have processing capacity and consists of four liquefaction trains only two of which are currently being utilised and with the Perenco gas currently being processed at their Kribi plant before being piped up to the Episeyo. A very big plus in all this is that Perenco have been operating in Cameroon since 1993 so will have a longstanding relationship with SNH and the government. Should be a fascinating presentation and conference call when it comes.
deanmatlazin: $25m back to BLVN. The amount is almost double the size of BLVN market cap excluding potential of oil under the ground
warbaby43: Pluses and minuses re Lukoil with their presence adding considerable clout to the JVP and their technical resources providing a major boost to engineering capabilities. Cameroon and EG unlikely to be too bothered, "A far away country of which we know nothing" likely to be their attitude to events in Ukraine especially given the diplomatic, military and political presence Russia has built up in W Africa. Sanctions are financial institutions related (and highly porous) rather than corporate and if Bioko is the route to be taken, then Marathon unlikely to be too sniffy if it makes economic sense to them especially as Lukoil only one of the four JVP partners with the lead being NA, the operator. While precedent indicates that Chahin will choose to emphasize the negative, if the Results also happen to announce that it's to be a two field, IM and IE, development with the Bioko route chosen and sanctioned by SNH with discussions with Marathon begun, then that will be a huge stride towards FID and help put the Lukoil situation into perspective. In short, Lukoil's minority presence is unlikely to present an insurmountable obstacle to FID One possible negative might come post FID if they wish to bid for the company but that situation is at least a year away and in any event with c 50 mboe of gas plus liquids, low Bioko development costs and consequent near term production and cash flow, BLVN are most unlikely to be short of suitors given the medium/long term outlook for o&g prices. What would be nice though, especially given the number of questions that have built up and that there was no AGM opportunity for online back and forth, would be to hear a near term conference call announced.
haywards26: Finally some share price movement! Hopefully continues
welshki: Winnet you weren't correct at all. First you didn't say a word against KH despite his disastrous time at the helm, in fact despite his almost fraudulent behaviour, you actually praised him. He destroyed the company way before COC were allowed to take over BLVN, and they did so precisely because of his awful leadership and how low he had driven the share price So is it any wonder no one listened to you when you're either a liar or a clown, most likely both. Then you were stating COC illegally "stole" the company, which of course was ludicrous. Then stated COC would just take all the cash BLVN had a ride of into the sunset. Then to prove how stupid that call was shortly after they paid everyone a Yet COC are still here, no nefarious or illegal behaviour taking place as you claimed would happen, simply waiting for Cameroon, Lukoil and Newage to do their their thing. As you well know, KH made BLVN a one asset company, and we are where we are due to him, in fact we would probably be bankrupt if COC hadn't stepped in. You absolute tool.
warbaby43: With a hat tip to Hamz74 who posted this on LSE last Thursday: "This year it was only possible to attend the AGM physically, and I did. Eli Chahin, Nicholas Brough FD, other Bowleven staff, a share registrar, and the two brokers – Arden and Shore Capital – were at the 2021 meeting, at the News Building in London. Thanks to one of the AGM resolutions. next year it will be possible to join the AGM either virtually or physically. Domestic power generation projects in Cameroon are underway, asking for tenders with several Chinese parties interested, but it takes years to develop them, so exports via Equatorial Guinea are a faster option. The hope is to get FID in 2022 and the government seems keen. Bowleven do 6 hour zoom calls attended by at least 10 people from SNH in Cameroon and several from New Age tuning in from different locations, as well as Lukoil. It can take a few meetings to agree on things. Most of the discussions continue remotely even if there are travel restrictions. The main resource, condensate is very light oil, which is reasonably correlated to brent crude oil prices. The last valuation model was based on oil at 65 dollars. It is now higher than that, though part of the increase would be taken up by taxes. The fiscal regime allows for substantial cost recovery and then taxes the profitable revenues. The valuation model, which is validated by the auditors EY, could be updated in 2022 if the Equatorial Guinea option materialises. Broker research does not currently include the Equatorial Guinea option, which should have lower costs than the previous plan that involved building a processing plant to split up the outputs, and reinjecting methane. The broker research reports should be updated when and if Equatorial Guinea becomes the official choice. Arden publish reports available through Research Tree, which include recommendations and price targets. Shore Capital is the house broker, but they do not publish recommendations or share price targets on Bowleven or any other house stocks as a matter of policy. Eli Chahin’s share incentives determined back in 2017 kick in at a range of prices between 45p and 80p. He is sticking around - and so are the institutional shareholders, who have not sold"
gark: A number of uncertainties but if this comes together, share price is worth 30p with upside to 50p+.Lukoil seem to be stepping up a lot more so are clearly keen to move this forward, which stacks up well and should motivate Cameroon I would hope.
warbaby43: Unfortunately, yet another BLVN RNS which appears to have been written by Private Fraser so keen does it appear to be to heighten and accentuate the negative. No surprise that it triggered a 30%+ share price drop. While, no doubt, we will learn a great deal more when we get to read the AR next week, it was excellent news to learn of the full throated involvement of Lukoil in making the case to the government for Bioko processing and if the JVP can bring that off, it will be huge in so many ways. By radically lowering the cost of development it will significantly increase the value of BLVN to any prospective purchaser and while probably increasing tax and royalties income to Cameroon, it will also radically reduce the back-in cost for SNH participation and enable the JVP to propose a generous package to bring SNH on board. While employment considerations are plainly important for local political reasons the first stage of tendering for the new 350MW plant was recently completed and that should help entice major industrial players (Chinese?) to the region. While a Victoria/Limbe two train development incorporating both IM and IE fields remains extant, it would certainly be most welcome if the Bioko alternative proceeded given the ongoing Ambazone political unrest which will certainly render financing more expensive given the likely risk premium required by any debt provider. What we should also be able to look forward to is the revision of the resources assessment following the seismic reprocessing exercise and the IE thin bed report and, hopefully, if that isn't available by year end it should come in early 22.
dealy: Good find. The current 8m gbp market reflects a liquidation so any actual success in the project would apply multiples to the share price
davemarn: BLVN could this be the bottom level? Timely reminder Angus Energy 0.90p Positives • Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air! • Permitting and Approvals expected early December 2021 • First time in 2 years a Project is about to become a reality early 2022 • Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset • 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap) • £12m fully funded for Saltfleeby • Sidetrack to Gas Project Planning Permission in place to try and double output • £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment! • 2x Director Buys of 1m each mid 2021 • £8m potential funding with Aleph and Associates for a valid Geothermal play • 165m Warrants of £2.1m at 1.36p average potentially available • 26m Employee Options at 1.5p but fully vesting at 2p too Negatives • A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks! • A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO. • Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders • Geothermal Progress Seems Slow • Delays seem to bother some impatient traders but Aleph have stumped £12m loan! Share Price Predictions? • Harmonics showing 2-3.5p target? • Management believes 3.5p per share is Fair Value vs. 0.90p share price GLA WTFDIK DYOR
Bowleven share price data is direct from the London Stock Exchange
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