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Bowleven Share Chat (BLVN)



Share Price: 27.50Bid: 27.25Ask: 27.50Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 0.92%Open: 27.50High: 27.50Low: 27.25Yesterday’s Close: 27.50


Share Discussion for Bowleven


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1msn
Posts: 787
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:24.50
Shares
19 Nov '15
Sorry 20 million shares at todays share price
 
1msn
Posts: 787
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:24.50
Shares
19 Nov '15
As treasury does not hold shares, where are they going to find 12,500,000 shares, and at what price are they going to be issued.
SirGalahad
Posts: 2,579
Observation
Opinion:Buy
Price:24.50
RE: Good news.....
19 Nov '15
Looks good......
neilmac202
Posts: 552
Answer
Opinion:No Opinion
Price:24.50
RE: Good news.....
19 Nov '15
I think so, Returns in the not so distant future so as far as I am concerned it's as good a news as could be expected.
Greens
Posts: 286
Off Topic
Opinion:No Opinion
Price:24.50
RE: Good news.....
19 Nov '15
dazah, are u serious? you think its better to hold on to the cash? why don't you put your money in the bank? why did you invest in shares?
jester16
Posts: 2,757
Off Topic
Opinion:No Opinion
Price:24.50
Dazah
19 Nov '15
First post on blvn a bit naive...
dazah
Posts: 725
Off Topic
Opinion:No Opinion
Price:24.50
View Thread (2)
RE: Good news.....
19 Nov '15
Is it good news?

Definitely good for aninex but us more precious cash out the window. Placing at 10p soon!
neilmac202
Posts: 552
Observation
Opinion:No Opinion
Price:24.50
View Thread (3)
Good news.....
19 Nov '15
For once, Let's hope good old BLVN doesn't do it's normal thing on good news..Good rise followed by a steady drop to below where we started.

Let's hope this is the start of things to come and if so I will gladly hold my hands up and say I was wrong and KH is indeed a good leader!
neilmac202
Posts: 552
Off Topic
Opinion:No Opinion
Price:24.50
Cont
19 Nov '15
Asset Details
The HOT relates to the KNDL and the Ruvuma PSA in Tanzania where Aminex currently
operates both licences.
Kiliwani North Development Licence (KNDL), Tanzania
The KNDL, offers the potential for near-term production with proximate infrastructure for a
gas-to-power development. The KNDL contains the Kiliwani North gas field which Aminex,
operator, expects to produce initially at up to approximately 30 million standard cubic feet of
gas per day. The Kiliwani North-1 (KN-1) well has now been tied into the main pipeline
infrastructure and is awaiting completion of the adjacent Songo Songo gas processing plant,
which is expected to be completed shortly.
Independently assessed unrisked mean gross gas-in-place and P50 gross contingent resources
at Kiliwani North are estimated to be 44 bcf and 28 bcf respectively. The resources are
classified as contingent pending signature of the Gas Sales Agreement (GSA). The GSA
terms have been largely completed and Aminex are waiting for final payment protection
terms to enable signature of the GSA.
Aminex, operator, holds a 55.575% interest (pre-transaction), RAK Gas 23.75%, Solo Oil
6.175% and Bounty Oil & Gas 9.5%, TPDC 5%
Ruvuma PSA, Tanzania
The Ruvuma PSA, onshore Tanzania, offers the potential for near-term production post
appraisal and exploration drilling planned in 2016, alongside significant upside potential
identified on block.
3
Independently assessed unrisked mean gross gas-in-place and P50 gross contingent resources
for the Ntorya discovery are estimated to be 153 bcf and 70 bcf respectively.
Independently assessed unrisked prospective mean gross gas-in-place volumes for the
Ruvuma PSA are 4.2 trillion cubic feet (tcf). Aminex, operator, holds a 75% interest (pretransaction)
and Solo Oil 25%.
neilmac202
Posts: 552
Off Topic
Opinion:No Opinion
Price:24.50
RNS
19 Nov '15
Proposed Acquisition of Licence Interests in Tanzania - Heads of Terms Signed
Kiliwani North Development Licence and Ruvuma PSA, Tanzania
Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to
announce that it has signed a conditional Heads of Terms (HOT) with Aminex PLC (Aminex)
for the acquisition of a 25% interest in the Kiliwani North Development Licence (KNDL) and
a 50% interest in the Ruvuma PSA, in Tanzania.
The proposed transaction is in line with the Group’s strategy of focusing on opportunities in
Africa which have the potential to create material shareholder value, whilst maintaining a
robust balance sheet and strong capital discipline. Consistent with this, this opportunity offers
high quality near-term production and cashflow, alongside significant exploration/appraisal
upside, located near existing infrastructure, enabling low cost rapid development and
monetisation of discovered resources.
Highlights of the Transaction
 Bowleven to acquire:
o 25% interest in the soon to be producing Kiliwani North Development
Licence (KNDL); and
o 50% interest in the proven and highly prospective Ruvuma PSA.
 The deal provides:
o A low cost entry into a rapidly expanding Tanzanian gas market with
substantial existing infrastructure with spare capacity;
o Near-term high quality production providing cashflow from the essentially
complete Kiliwani North development;
o Access to extensive exploration and appraisal potential on the Ruvuma PSA,
with the opportunities for near-term gas-to-power into the local market and
longer term gas sales into adjoining major existing trans-Tanzanian pipeline to
Dar Es Salaam; and
o Appraisal drilling on Ruvuma PSA early 2016.
 Aggregate gross consideration of up to $28 million comprising $8.5 million cash, $10
million carry, $5 million share-based element and $4.5 million in contingent
payments.
2
As at 31 October 2015, the Group had a cash balance of circa $120 million and no debt with a
further $40 million receivable in staged cash proceeds ($15 million on completion of
drilling/end September 2016 and $25 million on Etinde FID).
Kevin Hart, Chief Executive of Bowleven plc, said:
“The decision to enter into this Heads of Terms with Aminex follows the extensive screening
of a large number of opportunities in Africa.
Consistent with the Group’s strategy, the deal affords Bowleven the opportunity to participate
in highly attractive production and material appraisal/exploration assets without
compromising its robust balance sheet and strong capital discipline.
In particular, the onshore Ruvuma acreage mirrors the near-term in-situ gas-to-power
development possibilities being progressed at Bomono, whilst the extensive, material
prospective resources open up the opportunity for substantial future gas sales via the existing
proximal processing infrastructure and pipeline.
During the forthcoming




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