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Bowleven Share Chat (BLVN)



Share Price: 26.25Bid: 26.00Ask: 26.50Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.50Spread as %: 1.92%Open: 25.75High: 27.00Low: 25.00Yesterday’s Close: 26.25


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boyasaka
Posts: 174
Off Topic
Opinion:No Opinion
Price:30.50
hope it keeps dropping
13 Nov '14
Sold at 32p couple days ago and set buy back up at 28p .hopefully will hit that soon and i will have reduced my average from 62 to 58p .should have been doing this for the last six months
 
1msn
Posts: 597
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:30.75
Nice too see
13 Nov '14
Blvn is just the biggest disappointment, what more can you say... What I find amazing is how much better we are off than 12 months ago and yet we are moving along in this trough, its been months since we had a good positive day..
Rot1
Posts: 149
Off Topic
Opinion:No Opinion
Price:31.00
Nice to see
13 Nov '14
Rockhopper moving up, now come on Bow
trader250
Posts: 403
Off Topic
Opinion:Strong Buy
Price:30.75
View Thread (5)
RE: A simple question on BLVN ?
13 Nov '14
I would love 75p now let alone 250p! I recall a conversation with Kerry Crawford n 2011 (these were the days when PR were happy to talk to their shareholders as opposed to referring them to look at their website for info) and she twittered on about more analysis was required on Sapele. I recalled thinking that this "analysis" was taking a really long time. In short, I am guessing that Sapele was too much of an undertaking and perhaps not as commercially viable than first thought. Having spoken to KH at some length this year, I was much encouraged by the Bomono prospects (onshore) and Kenya 11B. BLVN are really keen to get stuck into Kenya. EW is very excited about the acreage we have there - remember he is the one that found the huge find for CNE in their Rajasthan fields. Hart will appreciate the value of a decent find in 2015 - he was the FD that orchestrated the £3 billion dollar flotation of Cairn India following that find. He is now pointing the co's nose in the direction where he thinks he can materially increase SH value and that is why we can look forward to the 4 drills in this respect!
BigBear2
Posts: 774
Off Topic
Opinion:No Opinion
Price:30.75
View Thread (5)
RE: A simple question on BLVN ?
13 Nov '14
Trader - thanks for the reply.
Made me chuckle when you mentioned it dropped from 300 to 250p - oh how we'd like some of that now!
I was in BLVN when s-3 was drilled and they clearly implicated that they would be coming back to sapele with
the appropriate equipment.
My point simply is I don't understand why BLVN are so keen to kick of new plays (and thereby more risk) when
they have one right here - sapele that is a light oil discovery...
If Bonomo is a hit I can't see it adding more than 50% to the current sp and for long suffering holders thats no where near enough!
slipanchor
Posts: 393
Off Topic
Opinion:No Opinion
Price:31.25
View Thread (5)
RE: A simple question on BLVN ?
13 Nov '14
Trader
If i remember corretly they had the right pressure equipment on board for sapele 3 but couldn't handle the high temperature.
redeleven10
Posts: 1
Observation
Opinion:Strong Buy
Price:31.75
SP
13 Nov '14
Bomono (cameroon) test drills expected at end of year. In addition to the gazetting of the Presidential decree - hopefully to be completed by the end of the year - SP highly likely to break 50p.
trader250
Posts: 403
Off Topic
Opinion:Strong Buy
Price:31.75
View Thread (5)
RE: A simple question on BLVN ?
13 Nov '14
KH expects the Bomono and Etinde wells exploration/appraisal to significantly boost the SP. Initially, Sapele looked very promising and there was talk of the elephant in the Cretaceous layer. We now know that Sapele probably holds significant reserves of liquids but the high-pressure gas issues were a problem (once this was known, the SP fell from the high 300s to 250). It is ironic that Goldmans and Fox Davies were forecasting target prices of £10 and even £18 if the Cretaceous revealed the elephant. Perhaps if Bow had used Plexus high pressure pipes perhaps the drilling would not have been compromised. In short, Sapele has huge potential but perhaps requires a major with deep pockets to progress this further given the cost of dealing with the high pressure gas issues. KH and EW are really keen to get cracking with Kenya 11B - this is on the edge of a prolific fairway and they will be keeping an eye on the drill results of other operators like Tullow at the end of this year. Any succes by them will lead to an increase in the SP of Bow. Plenty to look forward to here.
trader250
Posts: 403
Off Topic
Opinion:Strong Buy
Price:31.75
View Thread (2)
RE: sp
13 Nov '14
Ted. You just have to be patient. Cameroon bureaucracy is slow but the decree will soon be signed. PB has recently been busy with signing various decrees so I am hopeful we will hear sooner than later. Once formally gazetted, I expect the Lukoil funds will arrive possibly mid-December but we have the Macquarie bridging should it be required in any event. This is a very good entry point given the oncoming price-changing catalysts with four significant wells to be drilled. At long last, Bow are turning the corner and I expect a material re-rate of the SP.
BigBear2
Posts: 774
Off Topic
Opinion:No Opinion
Price:31.75
View Thread (5)
A simple question on BLVN ?
13 Nov '14
Why are BLVN focussing on another likely condensate play (which will only add limited value,
when they have not fully answered the riddle that is Sapele (Oil).

Surely an appraisal program at Sapele would be the best way to rebuild the battered SP in a hurry ?





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