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Bowleven Share Chat (BLVN)

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Share Price: 19.25Bid: 19.25Ask: 19.75Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.50Spread as %: 2.60%Open: 20.00High: 20.25Low: 19.25Yesterday’s Close: 19.25


Share Discussion for Bowleven


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mayfair21
Posts: 609
Off Topic
Opinion:No Opinion
Price:26.75
Greens
29 Jul '15
Drilling is what BLVN is all about £100millon in the bank confirms that and with its shares currently trading on a price to book ratio of just 0.22, it appears to offer a wide margin of safety and considerable capital gain potential.

So looking forward, BLVN has announced the completion of drilling in the Zingana exploration and reported that it has found hydrocarbons in the reservoirs that were targeted. This is highly encouraging and further positive news flow could lie ahead, with BowLeven set to commence drilling on the second well in the programme.

The Etinde asset still catches my eye not least that there is there still up to $40m in further contingent payments and carried appraisal wells and they are still fully funded for its share of Etinde costs, with capital to spare for judicious exploration/appraisal.

Value is hard to gauge with the like of Edison going for 74p a share. In this market I think 45p a share is a fairer reflection but that is still some 73% uplift. The downside - risk and exploration go hand in hand, but given the financial position BLVN find themselves (market cap lower than cash in bank) it is hard to see downside at current share price level.
 
Greens
Posts: 281
Off Topic
Opinion:No Opinion
Price:27.00
can...
29 Jul '15
Anyone remind me is there any new deals we are expecting other than drilling?
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:26.75
branson
28 Jul '15
thats an insult to fruit and veg salesman :-)
bransonbull
Posts: 652
Off Topic
Opinion:No Opinion
Price:26.75
Chris holden fruit and vegetables
28 Jul '15
Chris 2. Haven't you got some fruit and vegetables to sell ?
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:26.75
View Thread (2)
hahahaha
28 Jul '15
chris still a donut.....tick
Chris2
Posts: 574
Off Topic
Opinion:No Opinion
Price:26.75
What is there?
28 Jul '15
Money in the bank........ tick
Drilling programme started.......tick
First drill completed.........tick
First drill capped and stored........tick
Second drill started........tick
Share price dropping.........tick
Does anyone out there not see what is happening?
It's your money
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:26.50
View Thread (2)
toxicnerd
28 Jul '15
stalking again.......hilarious :-)
mateyboy
Posts: 1,763
Off Topic
Opinion:No Opinion
Price:26.50
@cardbrag
28 Jul '15
this aint DES you know lol
Craig8
Posts: 519
Off Topic
Opinion:No Opinion
Price:26.50
View Thread (4)
RE: Presume good market
27 Jul '15
Well its now worth 15% less than the cash in the bank, good assets and carry on future drills. If it doesnt move upwards think BOD can kiss there jobs good bye. As someone will take them out.
3cardbrag
Posts: 1,117
Off Topic
Opinion:No Opinion
Price:27.75
In at the close.
27 Jul '15
As a long term PI in VOG Have been waiting for opportunity to get some of these cheap. Just missed the bottom but happy at 26.9 ish. The way I see it, If they find oil, I'm in profit, if they find gas, my VOG shares rise on a JV already hinted strongly at by Kevin Foo of VOG. Win win. Unless of course they find WATER.!!!!!!!!!!




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