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BLVN Share Chat - RSS Feed

Bowleven Share Chat (BLVN)



Share Price: 30.75Bid: 30.75Ask: 31.00Change: -0.25 (-0.81%)Faller - Bowleven
Spread: 0.25Spread as %: 0.81%Open: 31.00High: 31.50Low: 30.50Yesterday’s Close: 31.00


Share Discussion for Bowleven (BLVN)


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BruceJamieson
Posts: 1,446
Observation
Opinion:Strong Buy
Price:32.75
Mayfair21
19 Mar '15
Who are these mysterious city slickers holding back the share price. Of a tiny oil company capitalised at just over £100 million. No sir, they have much bigger fish to fry.
 
Rivendell666
Posts: 4,265
Observation
Opinion:No Opinion
Price:32.75
Tunggie
18 Mar '15
Thanks for that.

The original RNS talks of the FO being for all of the Etinde permit "" The farm-out transaction relates to the Etinde Permit (currently comprising blocks MLHP-5, MLHP-6 and MLHP-7), offshore Cameroon. EurOil, a subsidiary of Bowleven, is currently the operator of that Permit."" and then of course 5 & 6 PSC expired, so all Luke got was 7.

Would SNH give Bow full rights to 5 & 6 again when Luke and NA are now calling the shots. ?? Sapele found oil, gas and condensate before being halted by HP gas and Bow has intimate knowledge of the area. Is our Chief up to the backroom haggling to get us a good deal??

If we do get 5 & 6 back will Luke say that they've already paid for the FO ??

Roll on the 25th.......
tunggie
Posts: 382
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (3)
RE: The rest.. ??
18 Mar '15
There is no reason why Lukoil/NewAge won't farm into MLHP 5 and MLHP 6,

as stated in the latest presentation:-

"Expanded joint venture will work together to realise considerable resource and potential of Etinde acreage."
tunggie
Posts: 382
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (3)
RE: The rest.. ??
18 Mar '15
I asked why MLHP 5 and 6 was not mentioned in the latest presentation, here is the reply on 16th of March:-

Dear xxxxx,

Thank you for your email. As previously announced the PSC over blocks MLHP 5 and MLHP 6 expired in December 2014. As we no longer have title to these blocks we removed mention of them from the asset overview page. An application for a new PSC over these blocks has been submitted to the Cameroon authorities and discussions on the application are ongoing, a further update will be provided in due course.

Kind regards,

Bowleven plc
The Cube | 45 Leith Street | Edinburgh | EH1 3AT
Rivendell666
Posts: 4,265
Observation
Opinion:No Opinion
Price:32.50
View Thread (3)
The rest.. ??
18 Mar '15
Anyone know what happened to MLHP 5 and 6 ??

I seem to recall they were not part of the FO and that the permits lapsed at year-end.
micksnags1
Posts: 242
Off Topic
Opinion:No Opinion
Price:32.50
must admit
18 Mar '15
this is the worst timed sell if you are thinking of it imo. could have got out before if required to do so but with extra dollar in the bank seems strange to ditch now. unless you know more than average joe hold tight will get more for your investment soon
meadow
Posts: 523
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (4)
RE: Oilbarrel
18 Mar '15
mayfair21

may be too much money, city slickers having hard time to accept it :-)
meadow
Posts: 523
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (4)
RE: Oilbarrel
18 Mar '15
from Oilbarrel article

"This is truly transformational. In addition to the US$165 million upfront cash injection, there is also an estimated US$5 million to follow for working capital, a net carry on two Etinde appraisal wells worth US$40 million, a further US$15 million on completion of appraisal drilling and a contingent US$25 million at Etinde FID. "

"The company has pledged to be prudent with its cash pot and, to date, is revealing little about its intentions: more detail on future plans is expected at the release of the interims next Wednesday."
mayfair21
Posts: 497
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (4)
RE: Oilbarrel
18 Mar '15
Article quote : "This is truly transformational" on news of cash in bank ..... One thing is clear: this was a good deal ..... timing is everything."

So why are the city slickers holding price back, to keep it attractive for their close institutional buddies to make a takeover bid on a "truly transformational" company .
NT22
Posts: 150
Off Topic
Opinion:No Opinion
Price:32.50
oil price
18 Mar '15
the oil price does effect blvn the share price reflects future expectations gas and oil that blvn are after -if I am not mistaken!





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