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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
  +0.075p +0.53% 14.225p 141,480 16:35:17
Bid Price Offer Price High Price Low Price Open Price
13.50p 14.95p 13.80p 13.60p 13.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -5.33 -1.51 47.7

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Bowleven (BLVN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-24 15:29:0113.7040855.90AT
2019-05-24 15:22:3713.606,594896.78AT
2019-05-24 15:22:3713.652,000273.00AT
2019-05-24 15:22:3713.7017,4062,384.62AT
2019-05-24 14:55:5513.7654875.39O
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Bowleven (BLVN) Top Chat Posts

DateSubject
24/5/2019
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 14.15p.
Bowleven Plc has a 4 week average price of 13.50p and a 12 week average price of 12p.
The 1 year high share price is 40.50p while the 1 year low share price is currently 12p.
There are currently 335,272,933 shares in issue and the average daily traded volume is 201,426 shares. The market capitalisation of Bowleven Plc is £47,692,574.72.
19/3/2019
12:11
bluebell1: This is very risky now. A duster would certainly send this to 3p. A hit may move the share price a little but not much. Cash is always king with these exploration companies
14/3/2019
17:06
hermanngoring: 32p Then 15p divi the 15p and MORE has just come off the share price. waste of time and effort. Share shave fallen 20p since went XD.
09/1/2019
11:11
hot_topic: .....further, unless you think the share price will rise, it doesn't make sense to buy only to reap a dividend (on which you may be taxed) of 15p when you know the share price will then fall back by 15p immediately after. You might as weell sell now and take the cash as capital gain rather than income.
09/1/2019
08:31
bakero: No.15p of value is removed, so logically the price will halve to 15p (perhaps slightly less if the tax implications mean the 15p dividend is being valued at less than 15p in the current price)The payment action has other impacts, includingThere is no longer a risk this cashpile will be spent and never make its way back to shareholders; conversely it can not be used to produce shareholder value.What remains may be more or less attractive to a buyer, with all that cash gone.Increased focus on the Etinde asset value as a proxy for share price.COC get half of their cash back; is the company now ready for a final sale, or are COC more relaxed about exit timing with less of their working capital tied up?I think we may have a share price of 20p a month from now, and am targetting a sale of the rest of the company at 30p-40p in the next 15 months (max). Would love to be surprised by the analysis of last year's drilling results though.
09/1/2019
07:38
bakero: Hi kbrook,Broadly, yes.The 15p/share dividend should be treated the same way as any other dividends you receive. Being PAYE, and even if you have an unrealised capital loss, does not change this.You do have a £2k tax free dividend allowance (18/19); if your total dividends exceed that then there is additional tax to pay. Note that this is the case if you have other dividend paying stocks too, nothing different about the BLVN payment.Dividend tax is 7.5% for a basic taxpayer, 32.5% for a higher rate taxpayer and 38.1% for an additional rate taxpayer.How does the taxman find out? Because you tell him! You have a legal responsibility to pay the tax due, so you need to inform HMRC. Depending on the amounts involved you may be required to complete a tax return (a simple task I would recommend doing anyway every year to be sure you are always paying the correct tax!)Will people sell prior to 18th Jan? Perhaps. Those who hold in an ISA or SIPP will have no tax to pay, so this does not apply. If it was a widescale issue then the share price would fall less than 15p when it goes ex-div (as the dividend isn't 'worth' 15p), but for majority of shares I do not believe there is a tax issue.If you are impacted then you may consider selling and keeping exposure via buying back in an ISA, or via spreadbet; though those strategies have their own cost (e.g. bid/offer spread)Or you may take a view that you can buy back more cheaply ex-div; I am hoping/expecting not though.bakero
09/11/2018
13:40
warbaby43: “It’s inconceivable that a reserve of this size can not be monetised at such a level that shareholders who have come in over the last two or three years can’t get back the money they have invested.” "Chahin's latest comments based on last 3 years share price suggests they think we'd be lucky to get over 40p" C'mon cyan, being conservative is one thing but being depressive is quite another! It's a remarkably bold and confident statement for a CEO to make and the only words that are missing, but are surely implied, are "at least" (NB COC's ave price is c28p) Top up your glass to past half way and ponder your 38p being the equivalent of just $62m for the BLVN share of Etinde - barely more than one dollar per barrel for the present 20%'s 58mboe or less still for 25%'s 72.5mboe and that's before ANY uplift. My arithmetic - $100m cash at FID = £77m (at sterling $1.30) and with 327m shares = 23.5p per share so then for Etinde 14.5p per share x 327m = £47.4m = $61.6m At FID too, the 1.1 tcf, or whatever the uplift might get it to, will then be "reserves" and not just "contingent resources" Meanwhile, when the time comes, and I don't believe COC are in the hurry assumed (they weren't with EuroHypo Bank bonds,) let's also hope that the dollar is then even more mightily strong. As always corrections, especially to my arithmetic, welcome.
22/10/2018
18:05
cyan: We have a bonus ,unexpected, interval flowing; "17.1 mmscf/d and 8,780 bopd". Hardly bad new is it? Just because the volumetric s have not yet been worked does not mean this not potentially very significant. We had a share price of circa 40p on what we THEN knew. The two recent drills were about ADDING value; and they have; A large increase in the 'area' of ETINDE (awaiting volumetric s) and an 'unexpected' interval which flowed VERY well. At least we have a lot of cash which gives a base for the share price to recover from. Another conference call can not come too soon. I wonder if there will be an early really low opportunistic offer for BLVN's percentage.
22/10/2018
14:57
slipanchor3: warbaby43 Good post you have put most of my thoughts into words. What confuses me is why has the market marked it down they very rarely get it wrong unless they are waiting for the final analysis of the appraisals and a plan forward for FID. The problem I suspect with the share price is that there are so few shares now in the hands of PI'sthat the share price can be manipulated in any direction especially with the use of algo's. I'm sure most people on this board have witnessed the huge swings with so few shares traded and the lower the share price the better the offer looks to the market. I would say if any of our peers had any desires to take out BLVN they may never find a better opportunity bearing in mind Lukoil and New Age bought into Etinde on the strength of contingent resources.
05/10/2018
12:13
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...
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!!!
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