Lecom from advfn, other interested parties out there
You really do not want anything to do with VOG. There are other local operators that would be willing to work with BLVN.
If you remember the comment i made about the hardship of selling into what was an ice cold book with very little interest, it has been a veritable breeze lately as there is one definitive and obvious insistent buyer willing to take a retail price for anything that is offered up.
Following an investors show presentation by K.Foo (vog) it was interesting to here KFoo say in his own words he was willing and ready to do a deal with KH (Bowleven) to take their gas should they find any when they next drill. After all where else and who else would Bow sell their gas to, because they wouldn’t just flare it off would they. It would be very interesting to see if KH (Bow) feels the same way, may be they have already done a cross company deal to that affect.
Have to agree we are in a great position to be patient while we wait for recovery to take hold in the oil market and more specifically as Bowleven makes progress in its projects. In the medium term this will prove to be an excellent investment opportunity. I have no issues waiting.
That's the most sensible post I have heard on here for a long time. It seems some have a good insight in to how this game works. Others just live on blind hope. They possibly will work it out one day. Or..maybe not.
I expect they don't want to rush around sticking holes in the ground, when they'd then have to sell oil at ~$60 a barrel, and need a pipeline to sell the gas. Better to pretend there is something wrong with the rig until oil prices improve.
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