BLVN holding up well given there is commodity stampede with everything from sugar to oil to iron ore and copper etc going down so fast. As for DrJ I am surprised he does not research his own investment to stop his losses rather than waste time on this BB, but if he gets off on it, there's no law against it.
drjenner, I couldn't care less where you put your money, it's your money, your investments. Martha and I invested in BLVN, it's our money which has got nothing to do with you, so keep your opinion to yourself. I have my own theory why the SP dropped every time we hear good news. I wouldn't wish any fellow investors losing money as long as they respect other investors' investment decision.
Martha and Tunggie, sold off Caza and break even on SEE, bought more PANR and MOIL. I'm sure you can put a positive spin on why an explorer that finds oil/gas would actually see their SP drop! Only BLVN I think.
Things are falling into place However without capitalising the gas this stock is going to struggle as the down trend has been going on for so long!!
News today and cash in the bank should indicate a bottom in the stock but it will need the bod to begin a small amount of buyback Once the trend begins to move up over time pi's will buy in and existing stock holders will tend not to sell as will look for a greater return
This must be in kh interest as well with 2m shares Minimal risk for the bod at these levels!!
Bowleven Initial results today from the company’s Zingana well on the Bomono permit in Cameroon. I say initial because the company have only announced that hydrocarbons have been encountered in the target reservoir and that the well has been suspended and the rig is moving on to Moambe. There will follow a detailed log evaluation and the company, as previously announced, will drill, log and evaluate both wells before determining a testing plan. The company are also progressing technical and commercial work to evaluate possible development concepts and product off-takers where discussions are already ongoing. Readers will know that I turned more positive on Bowleven late last year when the farm-out completed and the enormous value was confirmed in the company. Since then the shares have been all over the place but have yet to reward holders for their patience. Although these wells will add value to the company peripherally, it will be the other exploration and appraisal on the Etinde block that will add more significant value through its 20% interest and two carried wells. One of the reasons for the discount the company trades on is the uncertainty about what it will do with its cash pile, at the interim stage it reported cash of $155m and no debt. Whilst I have no reason to believe that it will do anything to disappoint shareholders I would have thought that it may be wise to consider buying a bit of production maybe to ensure a more balanced portfolio. I am not suggesting that Cameroon is the wrong place to be, indeed as you know from my thoughts on VOG I am a big fan, it might just alleviate any nerves shareholders may be having. I am hoping to meet up with Kevin and Kerry before long so more then.
after holding for so many days / years on multiple occasions. I don't remember ever making any profit with BLVN. I know this may not be time to sell, but I can't hold any longer as have to pay final payment for my car loan next week. I think peace of mind is most important thing, and now I can sleep tight for couple of days. Good luck all holder, it seems no one really know what will move BLVN. Specially in current scenario when many oil producers are facing winding up, all we have got is gas.
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