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Bowleven Share Chat (BLVN)



Share Price: 24.75Bid: 24.75Ask: 25.25Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.50Spread as %: 2.02%Open: 24.00High: 26.00Low: 24.00Yesterday’s Close: 24.75



Share Discussion for Bowleven (BLVN)


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1msn
Posts: 679
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:30.25
Shut up shop
29 Apr '15
I think they should consider putting the for sale sign up.. 20 % below cash in bank now and all assets valued at nothing.
what is the point in running a company with no direction and shareholder value.
 
Rivendell666
Posts: 4,406
Off Topic
Opinion:No Opinion
Price:30.25
As it's quiet
29 Apr '15
We could buy some of these to improve office productivity... Maybe we could get a gas-powered version...??

https://www.chinavasion.com/china/wholesale/sports-outdoors/Outdoor-Gadgets/Dual-Wheel-Self-Balancing-Electric-Scooter/
Rivendell666
Posts: 4,406
Observation
Opinion:No Opinion
Price:30.25
Arm
29 Apr '15
12th Africa Independents Forum & Exhibition - Wednesday, May 27""

""Bowleven: Etinde Development in Cameroon & New Ventures, Kevin Hart, Chief Executive, Bowleven, Edinburgh""

http://aif.globalpacificpartners.com/events/?fa=overview&id=933 All from the downloadable brochure.

Have the New Ventures been decided upon and will we be told about them before May 27th....??

I assume they're not just Kenya and Zambia.
Arminius
Posts: 5,813
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:30.25
Edison research out now
29 Apr '15
Looking towards appraisal wells
Update | Oil & Gas | 29/04/2015

http://t.co/uMYA0iDqee

Bowleven's (BLVN) interim results, published on 25 March, underlined the progress made by Bowleven in the last 12 months. The company completed the farm-down of the Etinde asset and has received $165m in cash (with $5m to follow, as well as up to $40m in further contingent payments over time and carried appraisal wells).

As we stated in our last update note, this should drive a refocus on the evolving core value of Bowleven’s portfolio, the 20% stake in the Etinde development.

BLVN is fully funded for its share of Etinde costs with capital to spare for judicious exploration and appraisal. Investors are rightly eager that the company retains this well-capitalised position;

We believe management will only use this cash to add to the portfolio in very compelling circumstances.
A_E_Marsh
Posts: 3,328
Off Topic
Opinion:No Opinion
Price:30.25
RE: Largest trade so far
29 Apr '15
"Your ramping is embarrassing." Who for?
ulvers
Posts: 642
Off Topic
Opinion:No Opinion
Price:30.25
View Thread (3)
RE: Largest trade so far
29 Apr '15
Hi Winny, hope you are well,
i would rather read some tame ramping than the crass uninformed commentary from the likes of Chris2 who has just stated only this morning that he believes the following:
The rig is not on site....... despite information totally to the contrary in various rns's.
We have no Oil...... but Lukoil and New Age have paid blvn mega millions to share in it
No fertiliser plant...... okay it's not there yet but does anyone not really believe it is seriously being considered after statements from the Cameroon and German governments supporting it? It might not even be relevant to blvn if Lukoil and New Age get their way with an alternative off take strategy.
And finally laugh of laughs..... he commented that the BoD have no business plan!

Does he really engage any semblance of a brain before shuffling up to his keyboard?

ATB
neilmac202
Posts: 414
Answer
Opinion:No Opinion
Price:30.00
View Thread (2)
RE: Blvn
29 Apr '15
The share price talks for itself.. Confidence is at an all time low and KH has failed the PI´s
Arminius
Posts: 5,813
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:30.00
View Thread (2)
Blvn
29 Apr '15
Taken from advfn, le comissaire

I always compared XEL to BLVN and vice versa as the story is extremely similar with the players each with endless industry experience and past successes, coupled with enviable proven assets.

People judge both to be at times the victims of non complussed management and to a certain degree i agree with both having PR companies that i would not employ to announce the peeling pf a church bell, nevermind communication with shareholders.

I made a post last month where i listed who i would remove from the BLVN board if i had the choice but ironically to some, one that i would keep is Hart himself.

The explanation for that is far too long for here but in short terms, i still believe that without the adaptiveness of Hart's inspired deal with Lukoil and NA that BLVN would now be around the 10p mark. Through what may have been luck or dogged lifesaving, without that deal in a crippled oil market and an even more barren lending market, that survival would have meant further dilution.

To secure such a healthy cash book, tie in a giant such as Lukoil and at the same time, appeasing New Age to turn a knife into flowers, was in my personal opinion, a masterstroke even if at best, a lucky one.

To Short BLVN at this time at cash value plus 2x CAV on a fresh position would in my view be folly and as you can clearly see over the last quarter, a slow withdrawal by OM has been noted and JPM with the masterclass price stabilisation while taking continuous fractions has been a sight to see. They have literally put the price into stasis at times.

The story with the Rig from the occurrence of the 26th of January is something that is worthy of an after dinner speech at the next SAOGA ball.
When you think back to when i made the post about the rig being at the port with MGW blogging that it wasn't only to that week to say that it was, the total time from arriving at port from STG has now been almost 5 months.
.
Would i be worried as a shareholder about that? Strangely no i would not. AFC take the financial slack and on the whole, they are normally very proficient.
When operating any business in SSA, there are more pitfalls in one working year than in 100 of a typical UK firm. The challenges are many, but the rewards are tenfold.

If you run a marathon and near the tape while still breathing, you take one large gasp and walk to the line. Bomono is the itch that needs scratching and it will be very soon if the last two weeks of communications have any validity.
A commercially sound Bomono would have the naysayers shouting "look at FOGL, look at any recent discovery that has strangely been viewed as just a devlopment funding weight around the neck".

The difference with a commercial Bomono is that BLVN have not sat on their laurels waiting for the rig to be fixed. Easy, local market and expediate turnaround when compared to safe but stagnant markets in the west.
escargot
Posts: 869
Premium Chat Member
Answer
Opinion:Buy
Price:30.00
View Thread (2)
RE: Common decency
29 Apr '15
I try to avoid being overly negative in shares I am in but seriously I would be embarrassed to be CEO of a company who's sp was worth the cash at bank . That effectively values my company it's assets and ME at zero . At the very least ,I agree with you becomingpoor. , we are owed an explanation/update.
Winny155
Posts: 2,070
Observation
Opinion:No Opinion
Price:30.00
View Thread (3)
RE: Largest trade so far
29 Apr '15
Your ramping is embarrassing.





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