bye bye ETINDE MONEY. whats left $100 mill - 110mill . Etinde 2019 if were lucky, predict it will be 2020. BOMONO unknown at the moment and thats a gas agreement , no oil yet so 2017-18. 2016 predicted to be a good year for BOW can't see that at the moment . NO asset value [ see above] and trading below cash in the bank so sp will drop as the cash burn [ KH spending the money sorry looking after the money] . No clear communication adds to the current situation. Time is money so time is not on BOWLEVEN side there,s been too many costly delays.PI said put the for sale sign up 18 months ago. PI,s are saying invest in a revenue generating company . Whats the BOD and KH saying ? they said no 18 months ago and look at us now ,FGS. More than happy to be proved wrong by the BOD but why should they worry earning that amount of money OH plus a shed load shares sold to pay tax .5 years of this rubbish sorry its the POO
There is some $99 billion worth of energy bonds heading for default .(Not surprising) If the markets get nervous and these bonds do in fact default then look out for a correction in the O and G markets worldwide. Some are suggesting a return to 2008 where markets collapsed like a pack of cards. Personally I don't think this will happen. The banks are much more robust now and should not allow that to happen. As I said be aware and beware. As for oil reaching the bottom. If you look at near term futures contracts. They are trading at a discount to longer term contracts. This indicates an oversupply and under demand which we all knew but is worsening . Until demand picks up, the price of oil could very well drop another $10 barrel. As Kramsnib so rightly says, Bowleven is all about survival. Watch this space.
looks like the oil price has bottomed!! great news does anyone have any idea how long it will take before blvn are able to get the gas off take, LNG or pipe gas in Cameroon? to the nearest month ? if they have to lay a pipe how much and how long will this take or are they paying to use someone else's pipeline this seems critical as etinde could take another couple of years!!
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