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Bowleven Share Chat (BLVN)



Share Price: 32.00Bid: 32.00Ask: 32.25Change: -0.25 (-0.78%)Faller - Bowleven
Spread: 0.25Spread as %: 0.78%Open: 33.00High: 33.00Low: 31.75Yesterday’s Close: 32.25


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Blue-Eyes
Posts: 5,104
Off Topic
Opinion:No Opinion
Price:26.25
Symbo
23 Dec '14
23 December 2014

Bowleven plc ('Bowleven' or 'the Company')

Etinde Permit Update

Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that the Etinde farm-out transaction with LUKOIL/NewAge is at the final stage of completion. Following the Government's official approval of the assignment of equity interest and transfer of operatorship, the formal decree award is being progressed by the Cameroon Authorities and it is understood that the Presidential signature is imminent. As such, while the formal gazetting of the decree remains achievable by 31 December 2014, all parties to the farm-out have agreed to an extension to the longstop date to 28 February 2015 to allow additional time if required.

The Etinde exploration production sharing contract (PSC) which covers the Etinde Permit acreage not included within the Etinde Exploitation Authorisation (EEA) awarded in July 2014, formally expired on 22 December 2014. As previously announced, an application has been submitted for a new PSC over this area (covering blocks MLHP-5 and MLHP-6) and discussions to retain this acreage are underway with the Cameroon Authorities. Current Etinde development plans are focused on the 461km² area covered by the EEA which gives exploitation and development rights for an initial period of 20 years.
 
Symbo
Posts: 586
Off Topic
Opinion:No Opinion
Price:26.25
Rns
23 Dec '14
Can someone copy the link for the rns detail as it's not even on bows site yet?.thanks
Olderandwiser
Posts: 2,358
Off Topic
Opinion:No Opinion
Price:26.25
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RE: Mark
23 Dec '14
Adam Smith isn't a book title. He was an economist! Doh.
Blue-Eyes
Posts: 5,104
Off Topic
Opinion:No Opinion
Price:25.75
Paul
23 Dec '14
Perhaps he's on logs up in Clitheroe and then to cap it all I see we had Martman who's still in drag on last night.

The RNS makes a mockery of all the "walking away" posts doesn't it?

Naturally I would have liked to see it this side of Christmas but at least they updated us so we know that some of the rubbish these clowns are posting is just that

I doubt though that any of us bought it anyway
markp1975
Posts: 459
Off Topic
Opinion:No Opinion
Price:25.75
View Thread (4)
RE: Mark
23 Dec '14
Ah I see Chris. Do you mean when demand for shares in a company like MONI reduces, the price goes down?
From 40p -25p.

Thanks Chris, I understand now.
Chris2
Posts: 411
Observation
Opinion:No Opinion
Price:25.75
View Thread (4)
RE: Mark
23 Dec '14
It's about supply and demand.Paulstomach
You obviously haven't got the slightest concept of basic economics.
Adam Smith would be a good place to start.
Why not ask for it for Christmas?
SirGalahad
Posts: 2,496
Off Topic
Opinion:No Opinion
Price:25.75
The Saving grace
23 Dec '14
The drilling starts soon!
Chris2
Posts: 411
Observation
Opinion:No Opinion
Price:25.75
View Thread (4)
RE: wickedw....& chris2
23 Dec '14
Please tell me where I advised anyone to sell first thing?
Quite the reverse. With Christmas just around the corner I don't see much change to the sp.
Could even see a small rise to tempt you in.
Mid January is when the action is.
PaulStomach
Posts: 4,516
Off Topic
Opinion:No Opinion
Price:25.75
View Thread (4)
Mark
23 Dec '14
It's not as good as the statement that nobody wants oil.

That's the best one of all.
markp1975
Posts: 459
Off Topic
Opinion:No Opinion
Price:25.75
Yes, thanks Chris2
23 Dec '14
Your prediction that the price won't be above 21p for the next 3 years is brilliant.

Give me strength!





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