Matrix has said that the Bowleven's test results for the Sapele-1ST (side-track) well were better than expected in light of pre-test expectations, and maintains its 'buy' rating and 390p target price. [9 Jun '11]
Bowleven, the West Africa-focused oil and gas explorer, saw its share price jump by more than a tenth on Thursday after tests at its Sapele-1ST (side-track) well showed flow rates believed to be commercial. [9 Jun '11]
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. [20 Apr '11]
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