It is totally irrelevant what the market thinks of Bowleven. What is important is that over 40% of the shares are held by institutions who presumably have done due diligence and have a good reason for making their investment. TThis is in complete contrast to other small oilers such as LGO and Rose Petroleum where I also have an interest as it happens. It is interesting with the markets in turmoil that it has had hardly any effect on this one!
i hope the decree is duly published in the Gazette tomorrow. Just remember this is Cameroon, a Francophone African govt with a bureaucracy not to be proud of! Gazetting is carried out by an internal govt dept and is a purely form filling and recording exercise. The next date is the 30th January and if the govt flunkey is too soporific to get his act together for tomorrow, he will certainly get it done for the 30th! I suspect the Chief will be leaning on the right person to ensure it is published in the State Journal on Thursday's edition. Otherwise, Bomono spudding to look forward to first of all.
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