I'm sure there'll Beano resignations from the BoD. Not with a dandy wizard like KH keeping an eagle eye on the valiant tiger from Etinde. Look and learn I say Viz the jackpot. So long as we don't end up in the pages of Buster.... . . . . Sry....
If the holdings is not enough from jp to spell it out just look at the negative poster's for a,start they repeat themselves then keep decent posts off the board to put off investors. Well keep up the good work you sad b*stards l will only sell when I am ready
amazing week for blvn share price, mr hart is a disgrace in keeping us long suffering shareholders not in the loop with a progress rns. I understand that delays happen but 5 months and counting to spud this well with no updates since we heard the rig had an issue is certainly not good enough. I think he really needs to go and get back to accountancy, a leader of men and a captain of industry he certainly is not.
as I said NT22 the II''s want the PII's to give up the stock at a low price - they sweep them up at a low price, all be it a low volume (so the PII's don't get wind of it) and hey presto several months down the line have full control on demand and the stock price rises - that's how the II's make their money - they have time and patience - PIl's, I am afraid, don't!
Have they cancelled the drilling contract, gone into dispute, planning something else? It's about time they issued some statement, I added this morning because I believe there is some significant news due and the share price is just ridiculous.
BLVN is not trying to sell oil or gas is the current suppressed market but it appears to be bashed as though it will lose money as the oil price falls, on the contrary.
Lukoil pick up the tab for the offshore drilling up to a certain value as I recall so they should get more done as the cost of drilling is falling. Opportunities to buy distressed assets at knock down prices will become available to BLVN and the Douala market is somewhat insulated against world gas prices, as is much of Africa, as the governments control the end user prices. Until BLVN actually start producing significant quantities of oil or gas the current suppressed operating environment should be beneficial.
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