1. Why do you think JPM increased their holding at the above the current sp and not at 29p as you suggested? You know more than the big boys? You have inside information to be so sure? 2. Moni is a falling knife. You are suggesting to the ppl here to catch a falling knife? How sure are you that it will stable at 30p?
One quick point, I suspect we will not be producing anything.
Based on what has been said (and yes, I know), it looks like we will be exploring and proving up resources then farming them out to other operators to run and manage production leaving us with either a payout and/or a free carry.
I honestly don't know why anybody bothers engaging with Chris2, who is clearly on the wind up and is getting close to spamming the board.
Thank you Chris, you have clarified to all of us (again) that you know absolutely nothing about the company.
Read back what you have just written if you need clarification.
You have given me absolutely no information about Bowleven, just meaningless predictions based on industry sentiment and price history.
And just to clarify Bowleven was much more of a gamble about 3 months ago. Now it has a EEAA permit, a farm out deal with Lukoil and a drilling deal on Bonomo, it is very much less of a gamble, which is why the II's have began buying back in. And when the Farm Out completes, it will be fully funded most probably to a revenue stream from production - and if it falls short, there should be alternative funding available more similar to the Petrofac deal and less similar to dilution.
So for months and months people have been saying once eeaa has been signed off this will rocket ,we get told its been passed and will be signed off by president soon ,this causes no rise, so people say its cos the market does not like uncertainty and we won't see the eeaa rise until its officially sighed by the president. This eventually happens and we see no rise.and read yesterday we didn't see a rise because everyone already knew it was going to be signed off therefore the rise never happened after the official sign of eeaa cos everyone knew it was gonna happen so was not really news. So my bet is when the money is in the bank off lukoil. We will still see no rise or maybe a twenty percent rise which will be slowly lost over the few following days.
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