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Share Views: HUM CEO updates on Yanfolila and Dugbe Gold Projects. Watch here

Share Views Ep. 19
HUM CEO updates on Yanfolila and Dugbe Gold Projects.


Bowleven Share Chat (BLVN)



Share Price: 25.25Bid: 24.50Ask: 25.50Change: 0.25 (+1.00%)Riser - Bowleven
Spread: 1.00Spread as %: 4.08%Open: 24.75High: 25.25Low: 24.25Yesterday’s Close: 25.00


Share Discussion for Bowleven


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thatbrat
Posts: 12
Off Topic
Opinion:No Opinion
Price:25.25
neil
Today 18:27
agreed on zero faith in current board. have voted against all resolutions to make a point. Clarksons operational and resource evaluation failure on bomono should be acknowledged. addiotinally, with no operated assets, 2 of 3 ned's should be released. hence my comment on 'corporate failure' contributing to zero asset value.
 
micksnags1
Posts: 967
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:25.25
RE: sp
Today 17:54
not sure about the fib retracement stuff myself but more share shuffling happening atm
NT22
Posts: 488
Off Topic
Opinion:No Opinion
Price:25.25
sp
Today 17:00
I was using Fibonacci ratio's which came up with £2.44 which is still my target sell point!!
Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Now just hoping Lukoil and n/a can drive etinde and KH finally gets bomono to revenue ( which is a way for him to save his job) if done in reasonable timescales
neilmac2002
Posts: 226
Off Topic
Opinion:No Opinion
Price:24.75
RE: NT 2.44
Today 16:19
thebrat. ...wishful thinking with respect to possible sp...the market clearly doesn't have much faith in the current leadership team
thatbrat
Posts: 12
Off Topic
Opinion:No Opinion
Price:24.75
NT 2.44
Today 16:11
NT-Can you comment on the source/assumptions of your 2.44gbp target?
My evaluations indicate a 2.46gbp/share value for Etinde 1TCF resource (incl. Bomono 40BCF resource). The two Etinde appraisal wells are targeting additional resources of 2TCF(P90) and 6TCF(P10). Respectively my model gives eye-watering values of 19gbp/share and +100gbp/share for these successful appraisals (using 65usd oil; 10usd and 7usd gas for Etinde and Bomono; and taking 20yr NPV(10)). I am trying to be patient for the appraisal drilling to determine value.
Following successful appraisal drilling, were BLVN to sell its 20%stake in a 3TCF Etinde Field, getting 50% of share value, that is 9.50gbp/share. Am happy to take 2.46gbp/sh, but 9.50gbp/sh is the prize for me. Current share price reflects technical risk=1%, but a 99% risk of
political/commercial/corporate failure…ie: assets at zero value, shareprice at cash…
neilmac2002
Posts: 226
Off Topic
Opinion:No Opinion
Price:24.75
RE: NT
Today 15:26
If NA are waiting until "the market turns" we will not see any movement for a good few years...oil will not peak any higher than the low 60's
Rivendell666
Posts: 4,867
Observation
Opinion:No Opinion
Price:24.75
NT
Today 14:52
The other turning point will be the NA decision to drill Etinde. When that is finally announced the SP should double/treble IMO.

NA were/are considering an IPO so details of Etinde might be included in their prospectus.

""People close to New Age stressed that preparations for a flotation were at the earliest stage and that a decision to go ahead would be subject to signs of recovery in the oil market. “They are in no hurry,” said one person involved in the process. “It could be 2017 or 2018. But they want to be ready when the market turns""

Hopefully lots of work being done behind the scenes for the complementary LNG terminal and chemical works.....

https://www.ft.com/content/51067150-77ff-11e6-a0c6-39e2633162d5

All we have to do is wait ( a year or two or three....)
NT22
Posts: 488
Off Topic
Opinion:Strong Buy
Price:24.75
sp
Today 14:43
blvn bought 466,000 yesterday down 1p
the buyback is a bit meaningless as they are still in existence
this is coming to a crunch- key to me is what is bomono worth and when will it revenue- kh said mid 2017
patience with etinde
i say within 12 months we will know what bomono and etinde are truly worth 20p/40p/80p/£2.44
patience
tombi1
Posts: 530
Off Topic
Opinion:No Opinion
Price:24.75
blvn
Today 11:39
buying continues ,seems to be mostly bow , it will mean ocean percentage is rising even without them buying ,agm going to be very interesting ,,,
cjgoldsmith
Posts: 216
Off Topic
Opinion:Hold
Price:25.00
RE: Winners and losers
Sun 22:00
Yep. CAZA was for me a disaster. Lost virtually everything. Even more humiliating was the fact that nobody lost their jobs.

Even "Mr Oilman" Malcolm Graham Wood got this so wrong who seem s to underestimate geopolitical risk and debt. It was an early lesson. Don't try catch a falling knife and don't need afraid to take a hit.

I don't quite see there parallels with those that you mentioned but it's coming to crunch time now




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