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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Bowleven Share Chat (BLVN)



Share Price: 25.00Bid: 24.75Ask: 25.00Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 1.01%Open: 25.00High: 25.00Low: 24.50Yesterday’s Close: 25.00


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slipanchor
Posts: 629
Off Topic
Opinion:No Opinion
Price:25.75
RE: RE: My letter to Hart
12 Sep '16
neilmac

Thanks for the link couldn't find name on any of the the buy back RNSs.

Can only assume KERRY has recruited herself a manager.

When John Brown who was the financial director left (or was pushed) Kerry took over both Departments as a cost cutting exercise, so it would seem we lost a director gained a manager.
 
neilmac2002
Posts: 278
Observation
Opinion:No Opinion
Price:25.75
RE: RE: My letter to Hart and no re..
12 Sep '16
neilmac2002
Posts: 278
Answer
Opinion:No Opinion
Price:25.25
RE: RE: My letter to Hart and no re..
12 Sep '16
Look at the final page of recent press releases as the clearly state she is the IR manager.
slipanchor
Posts: 629
Off Topic
Opinion:No Opinion
Price:25.25
RE: My letter to Hart and no reply.
12 Sep '16
Nielmac

Just curious, what roll does Katie Gammbie play.

Kerry Crawford was head of I.R. the last time i made contact, or have i missed something.
slipanchor
Posts: 629
Off Topic
Opinion:No Opinion
Price:26.00
Re Slip
12 Sep '16
They are looking to raise capital but it wouldn't surprise me if BLVN were not part of their plans further down the line.
Steve Lowden made a point in his last presentation in stating, that the companies main interest were in shallow water, low cost, easily recoverable wells, so the rest the rest of ETINDE fits the bill.
Rivendell666
Posts: 4,952
Observation
Opinion:No Opinion
Price:25.50
Slip
12 Sep '16
A reverse TO would save the bother of an IPO. Sack BowBod ASAP and get some divis flowing.

6 months to plan then 6 months to assemble a rig. FFS.

Curious that NA doesn't have lots of indigenous subsidiaries....??

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slipanchor
Posts: 629
Off Topic
Opinion:No Opinion
Price:25.50
RE NA
12 Sep '16
Remember watching the African Oil presentations and thinking I wish we had Steve Lowden at the helm.
Rivendell666
Posts: 4,952
Observation
Opinion:No Opinion
Price:25.25
NA
12 Sep '16
"""Since the company was incorporated in 2007, we have drilled twelve successful exploration and appraisal wells and built a portfolio comprising six oil fields and six gas fields. Five development projects have been sanctioned and we have already started producing from four of these fields."""

http://www.newafricanglobalenergy.com/

Compare and contrast.

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tunggie
Posts: 606
Off Topic
Opinion:No Opinion
Price:25.25
NewAge IPO
12 Sep '16
neilmac2002
Posts: 278
Answer
Opinion:No Opinion
Price:26.00
View Thread (4)
RE: My letter to Hart and no reply.
11 Sep '16
Rot, I like yourself am not happy with the lack of news and like you I wrote to BLVN on numerous occasions without any response other than the standard statement that any news will be issued via an RNS.

With this in mind I called BLVN and asked to speak with Katie Gammie, It will come as not surprise to anyone that Katie was " Out of the office this week" however the lady who answered the phone confirmed that she also worked within the IR department.

Unfortunately in true BLVN style the lady was unable to give me any answers to any of the basic questions I asked and was unable to provide me with her name! That said she did say she would pass my questions "up the line" and would make sure these questions would be responded to via an email.

I presume every day is a Friday at HQ BLVN as I have yet to receive anything back from anyone "up the line".

I know many on here will not have a bad word said against KH or the BOD and that's their prerogative and some may think I am talking "Pi5sh" but the facts are there to see. the cash in the bank is not close to what was spent to find these "world class" finds, the cash in the bank is not increasing and is actually decreasing by approx $1m per month, BLVN has no income and as yet no indication the management have a plan in place to provide an income that will at least pay the overheads,

The this is Africa excuse is just that an excuse, Having worked in Africa I fully understand the dynamics of doing business and how things move and I can assure you it may not be easy however it is possible with the right management, If people don't believe me they can take a look at the Espoir field in the Cote d'Ivoire, I was part of the project team in 2000 working for CNR/Ranger oil and yes it wasn't easy however we had the correct people in place unlike the cash cow that is Euroil, I was astounded when I opened the link posted last week, we have no operations in Cameroon yet we have a large HSSE department!

The reason I invested in BLVN was because I believed Cameroon could provide a good income at very low lift costs and I still believe that however I have lost all faith with the current BOD as they seem unable to manage the basics let alone the high level workings like a drilling program! ( 6 months late for a basic 2 well land program).

before the grammar police shoot me down the above was written while on the move on my phone.

GLA

Neil




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