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Bowleven Share Chat (BLVN)



Share Price: 21.25Bid: 21.00Ask: 21.25Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 1.19%Open: 20.75High: 21.25Low: 20.75Yesterday’s Close: 21.25


Share Discussion for Bowleven


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slipanchor
Posts: 457
Off Topic
Opinion:No Opinion
Price:21.25
Re BOD
Fri 19:33
Crown Ocean Capital, are Venture Capitalists, who have a branch of their business that specializes in the offshore industry. I'm hoping that sometime in the very near future they will have accumulated sufficient shares to put a director on the board. We may then see some action.
 
neilmac2002
Posts: 4
Observation
Opinion:No Opinion
Price:21.25
RE: blvn bod
Fri 17:24
If only the cut's were related to the salary of the BOD!

Jokes aside something has to be done, KH and his fellow BOD are bleeding the Co dry!
Olderandwiser
Posts: 4,589
Off Topic
Opinion:No Opinion
Price:21.25
RE: blvn bod
Fri 17:18
Is this death by a thousand cuts?
slipanchor
Posts: 457
Off Topic
Opinion:No Opinion
Price:21.25
blvn bod
Fri 16:59
David Clarkson who supposedly has 30 yrs service in the engineering side of the oil industry has just been awarded 340k of bowleven shares for hiring a heap of scrap metal to drill Bomono causing a 6 months delay in the drilling schedule and $ 2 million plus in repairs to the rig before the well could be spudded.
After finally drilling the to wells it would appear we couldn't collect enough information to publish a CPR hence,the two extended well tests.
What the board are good at is rewarding incompetence,spending money .and rewarding themselves bonuses.
NT22
Posts: 390
Off Topic
Opinion:No Opinion
Price:20.75
Chairman
Fri 15:44
Most company's have a get well plan for underperforming exec
A simple goal and achiement plan
No ambiguity pass = bonus
Fail = 6 months to reach. A certain level of performance
Looks like the chairman and ceo need to be put on one if they fail to meet the fair and reasonable deadlines
NT22
Posts: 390
Off Topic
Opinion:No Opinion
Price:20.75
8th Jan
Fri 15:17
Said found gas
They would liook to revenue in the short term
And explore the rest of the acreage

Maybe they are just an exploration company
Can't seem to carry out the plan to revenue anything
neilmac2002
Posts: 4
Observation
Opinion:No Opinion
Price:20.75
RE: Revenue
Fri 15:16
Let's remember bonuses were paid in full even after then drilling rig fiasco!! If you think KH and the rest of the BOD are not going to receive a bonus you are mistaken.

let's not forget BLVN is only here to provide them with a nice retirement pot!
NT22
Posts: 390
Off Topic
Opinion:No Opinion
Price:20.75
Revenue
Fri 14:59
Not clear why further exploration is needed
I thought they had found gas/oil
Have they or haven't they and what are they doing to hit a revenue stream in a timely manner?!
If they haven't hit revenue in Bomono and started drilling in etinde by the end of q2 2017 I will not put any more money into blvn stock.
If the board can't achieve both of these with the position they are in, in these timescales the chairman should be sacked with no bonus or payout as its starting to look like incompetence
tunggie
Posts: 489
Off Topic
Opinion:No Opinion
Price:21.00
RE: Bomono Tunggie
Thu 18:20
No, the RNS explained why we need an extension,

Bowleven, the Africa focused oil and gas exploration group traded on AIM announces that it has been awarded a one year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA).

The Bomono Exploitation Authorisation Application (BEAA) was submitted to the Cameroon authorities prior to the formal expiry of the exploration licence on 12 December 2015 to enable the progression of development activities.

The interim extension award ensures that the Group's interest in the acreage is maintained while dialogue is ongoing with the Cameroon authorities on the BEAA.
3cardbrag
Posts: 1,368
Off Topic
Opinion:No Opinion
Price:21.00
Ted1
Thu 17:33
Hear what you say and at current SP level I might consider a small punt were I not so heavily in hock to BMR and VOG. Just glad I didn't take them up when recommended 4 years ago by a work colleague.




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