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Can you imagine being short of this... Dow down 400 points... Blvn up 5 %.. something is afoot and the players behind the scene know what is going on... 45p is coming... it�s just when.
Yes, you do get some idiotic comments especially when Merril Lynch has just bought 5.001% of the company on behalf of Bank of America.
"interesting to see what happens when Wall Street opens" ha ha some of the comments you get
I wonder if this is going to be the move to 45p now so that the share awards can be given..
..."""According to Coleman, companies are also starting to change their portfolio mix in a bid to tackle their carbon footprint. .... "You can see they're going more gas-oriented. They're actually starting to say the mantra is moving from being an oil and gas company to being a gas and oil company," he said."""" https://www.cnbc.com/2018/03/19/oil-producers-are-starting-to-invest-with-prices-at-65-woodside-ceo.html?dm_i=42XP,DCT5,2M7PG5,1EIW0,1
So another day in the life of BLVN.. good volume, a buyer which is nice to see.... and up 5 % not bad..
Volume picking up will be interesting to see what happens when Wall Street opens.
Could see a 36 close today.. charts are looking great
The UK imports very little Russian gas, Mainly from Norway and Qatar, Under 2% from Russia
Onwards and upwards
Maybe uk signing up for LNG as fall back from Russian gas !! Could go to £10!!
Old news posted here Friday morning.
strikeforce Great find, maybe the reason for the yesterday's interest.
Partners line up Etinde exploration campaign NewAge, Lukoil and Bowleven have jack-up en route to Cameroon for appraisal work, with promising secondary targets Iain Esau London 16 Mar 2018 00:00 GMT Share: Facebook Twitter LinkedIn E-mail Print Privately-owned NewAge and its partners in the Etinde permit off Cameroon are set to start a two-well exploration campaign in May or June this year. Eli Chahin, chief executive of 25% asset stakeholder Bowleven, told Upstream that the jack-up Topaz Driller is due in country towards the end of May and that may push out a couple of weeks. The rig, which is currently in Singapore, has been fixed for 150 days and will be used to appraise the Isongo Marine-5 gas and condensate discovery. Located south of IM-5, the IM-6 appraisal wells main target is a potential 200 to 280-metre Intra Isongo sand column that could contain 870 billion cubic feet of gas. Its secondary targets are the shallower Grinder formation and deeper Yankee zone, which house potential resources of 1.1 trillion cubic feet and 200 Bcf, respectively. A sidetrack could also be drilled off IM-6, with the well designed for conversion to a producer in the event of success. The IM-7 well has been designed to assess the size of the Grinder formation. Chahin said Bowleven�s conservative estimate is that the two wells could find 1 Tcf of gas plus 200 million barrels of liquids. Additional resources would supplement the 1.1 Tcf, plus liquids, discovered so far at Etinde, which is already enough to support a floating liquefied natural gas project. Commenting on the NewAge-driven FLNG scheme, Chahin said: "We've got a commercial project now. It�s a very important project that we�re trying to get off the ground." He added that successful appraisal results will create "a much more lucrative commercial project to be able to take to a final investment decision." Tentatively, a final investment decision is targeted for next year, with first production about three years later. Chahin said the FLNG scheme is a multi-billion-dollar project, so Bowleven may decide to scale back its interest or sell it entirely instead of funding its way through the development. That might be the opportunity to realise some value for shareholders or find out shareholder appetite to play along the value chain. Both Jersey-registered New-Age and Russia's Lukoil have 37.5% stakes in Etinde. The Bomono permit onshore Cameroon is Bowleven's only other asset, which, despite delays, it plans to offload to Victoria Oil & Gas.
strikeforce. Agree there is a small gamble involved, I'm no geo or rig worker but they are appraisal wells and part of the same structure as the m5 drills so they are pretty much nailed on and worth the gamble, what also gives me confidence is the fact that two of the big boys have recently bought 5% each and I don't think they are in it for half measures.
Slip, Do you think COC are prepared to Gamble on appraisal, after all they are nothing more than a hedge fund, is the RR worth it ??
There will be a takeover at some stage but if COC is going to achieve maximum shareholder value as they have stated many times it will be after the appraisal wells. The reason they have topped up could be that we are now entering into a closed period with news imminent regarding the movement of the Drilling Rig and the fact that we are doing back to back drills we could be in a closed period for some time. So COC will want to take up their position before the RNSs start flying about and the market aware.
Malcom Graham - Wood, has mentioned the deal was All ready done, Steve Loudon , Lukoil, I agree with 1msn , gla...
I'm with Indrid Cold as well on this, there's no logic in them buying out the rest of the shares. They're in it to maximise their return, hence buying as many as they could but not to own the whole company. If they had that wish, they would have bought out a long time ago. Good to see things finally moving a bit here
your probably right as news is hard to get on this share , but the general thinking by oil experts is this share wont be around next year , and completely in control by COC, also it could be COC wanting to buy and then resell who knows , they have had the opportunity to get to 29.9% for ages but are doing it now , why get to over 28% and then buy at higher prices with news they knew was coming today . aimo of course , but always welcome more logical thinkers as usually 1msn keeps this board updated on his own , and this share has been dire for a long time for many ,so nice to see a good rise for a change , anyway thankyou for your input ,i can get a bit excited easily lol
I am with Indrid here. Nice to see a big uplift in volume and MSN1's great post this morning suggests that others have awakened to what may happen here in the next few months. COC have added to their holding in the past week and one assumes that they are insiders so cannot buy if they were aware of an offer from an external party. They simply would not risk it just to make a few shackles more when they will cash in on their significant holding in any event. If someone is considering making an offer at this stage and before drilling the buying could be from folks aware of the buyers intentions as that happens all the time. Whatever it is let's hope that interest continues into next week as we do need some sustained activity here after such a long time of inactivity.
hi tombi...........yes of course i am aware its speculation, but if someone uses the term "sold" then thats quite a call no one said you cant speculate, you dont need to get so defensive, and by the same thought process it is fine for some to challenge that speculation with logic of their own msn said discussions have been had on price, any discussions on offers would stop those in the know (certainly COC) being allowed to trade etc.................now if COC knew that they would not be buying as it is categorically illegal.............i think that is sound logic to apply in this situation, would you not agree? also the rise today is great and it is above average (as i admitted before) but the price action today is not enough based on past volume to warrant speculation of a company sale so putting all that together i believe the most probable conclusion is that COC might be buying more (up to 29.9%) and with a decent move due to that and the comments in the article today, BLVN is just getting more noticed than usual cheers
this share has been good to me , so im enjoying the rise , all here to make money , more the better . COC , know everything whats going on in this share board members basically work for them imo. and they have been happy to carry on buying , says it all , they have laid out a huge amount of money even for them , and they havent done it lightly they know the end result already
as i said speculation , this share has been quite for over a year , very little movement ,,6 times average and rising is big for this share over the last year , ,so we have the right to speculate , and i repeat no one is saying it is sold , just speculating and hoping , there is no menace or saying it has happened by anyone , , and we would hope there would be no leak , so 30 million wouldnt happen on speculation the 35 million was done on discovery and facts , this is just hope , aimo for you
Because they are not in it for the long term.. my personal view since this all started was a sale at 56p.. I think it will be done before appraisals, but if I'm wrong I will put my hands up and go with COC on the rest of BLVN journey.. might even see 1 pound something one day....