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Bowleven Share Chat (BLVN)



Share Price: 21.25Bid: 21.00Ask: 21.25Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 1.19%Open: 20.75High: 21.25Low: 20.75Yesterday’s Close: 21.25


Share Discussion for Bowleven


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Olderandwiser
Posts: 4,592
Off Topic
Opinion:No Opinion
Price:23.00
RE: negative close
28 Sep '15
Rubbish action yet again.
 
danster99
Posts: 759
Off Topic
Opinion:No Opinion
Price:23.50
RE: negative close
28 Sep '15
*takes a bow*
Jonno41
Posts: 517
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:23.75
View Thread (2)
RE: the
28 Sep '15
It has been said by KH that he would be renegotiating with Fontesa because of the delays to the drilling and unfit rig that was supplied.

The conclusion that can be drawn is the 20% farm out has been taken off them and replaced presumably with cash - or perhaps an agreement not to take further action for breach of contract.

Either way the implications are positive.
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:23.75
the
28 Sep '15
satisfaction / waiver bit being the point mentioned
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:23.75
gozomike
28 Sep '15
can only think that this paragraph in the june 14 RNS must have come into play...

Further updates, including update upon satisfaction/waiver of all conditions precedent to the arrangement, will be made in due course. In addition to the above arrangement, Bowleven is continuing discussions in relation to a further farm-out of part of its interest in the Bomono Permit in advance of drilling.

there must have been another RNS to this regard but not researched it yet
mayfair21
Posts: 609
Off Topic
Opinion:No Opinion
Price:23.75
RE: Mayfair
28 Sep '15
You may be right, but are you sure? The modelled field is for 67% oil/condensate (hence the trucking) and 33% gas. The defining factor is selling the gas, if the modelling of the Moambe development assumes peak gas production of say 40mmscf/d, that is far beyond the domestic gas demand (as Victoria Oil and Gas was and is - I I believe - still is discovering). So maybe stage one is just to truck the 67% oil/condensate to the ENEO plant for them to turn into power. BLVN are in the happy position of learning from VOG's mistakes. Happy to be wrong and critised for my opinions - such fun!
GozoMike
Posts: 716
Off Topic
Opinion:No Opinion
Price:23.50
We own 100℅ Bomono
28 Sep '15
I don't know where that has come from? We gave a 20% interest in the permit to Fortresa for drilling 2 wells at cost. See RNs mid 2014. There is no info stating otherwise. Why it cost us 15 million plus testing costs is beyond me. It looks like a poor negotiation now though.
Jonno41
Posts: 517
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:23.75
Malcy
28 Sep '15
I am not sure if Malcy gets the fact that the reason why Bowleven are keeping their Cash is to allow them to bring this project to market without going into debt, diluting or being forced into a Farm out.

I am definitely of the mind set that the right thing to do is to test the wells, see the results, decide what needs to be done should it be commercial and then cost out the infrastructure required and period before production.
GozoMike
Posts: 716
Off Topic
Opinion:No Opinion
Price:23.75
Mayfair
28 Sep '15
We are not trucking gas anywhere, only condensate and oil. Gas will be turned to power on site IMHO.
naks
Posts: 2,653
Off Topic
Opinion:No Opinion
Price:23.75
RE: re re lse
28 Sep '15
Trucking gas to supply hundreds of MW power to the grid , I don't think so that does not ensure security of supply for ten years. as per the owners brief.




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