SEE KRYPTONSNAKES post on the 14th Sept@ake14 Sep '16 - 14:01 - 12248 of 12339 1 0 My reply from an Email I sent to Bowleven.
Thank you for your enquiry and please accept our apologies for our delayed response.
Our focus for Bomono currently rests with our EA application. The award of this EA is integral in progressing development activities on the licence but as we have previously experienced, such processes can take time in Cameroon. Bowleven holds 100% of this licence.
With regards the Etinde farm out transaction, consideration of $170 million was received during 2015 and under the farm-out transaction we expect: · A further $15 million in cash to be received end September 2016, · Access to $40 million (net) carry (this covers our share of drilling/testing of two Etinde appraisal wells); and, · $25 million at Etinde FID
Bowleven IR The Cube | 1st Floor | 45 Leith Street | Edinburgh | EH1 3A
Technically they have until Monday to post the RNS about the money as it is due by the end of today. Either way they will have to notify the market on Monday either telling us we have it or we don't. I'm sure it's imminent, on going, progressing etc etc lol.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.