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What a field day... drop it everyday...takes months to move up and in a couple of days, gives it all back.
If my memory serves me correctly about 75% of this is cash or pending cash, so today's 5% drop is equivalent to a 20% drop in the speculation valuation above and beyond the effective cash per share position.
Market appears to have forgotton the result of BLVN's 2010 appraisal well on the adjacent IE target, which flowed at an amazing 22,909 BOEPD! Show me an AIM listed well with a better flow rate.
https://investegate.co.uk/bowleven-plc--blvn-/rns/ie-3-appraisal-well---testing/201008240700245103R/
Current drilling is in a fabulous postcocde and the balance sheet is a rock solid dream. The market really needs to wake up.
Im sure they cannot be happy with this move down over the last week.. JV meeting this week so hopefully we will hear either way...
might be a sign news on way , should get a rearate now imho
Make that 20, just added at 35.7
.
is it day 83 of that approx 100 days of drilling and logging , so about 2 weeks to go , time for the speculators to move in at this lower price ,,,
No news is good news everything looks to be going fine.
Six offshore vessels out at Etinde supporting the Topaz Driller and they don't come cheap, so hold onto your shares and wait for the RNS which is probably already in the planning.
i wonder if the drift is anything to do with pi's taking out T-20's in the hope that this close to results the SP would be higher, and now those T-20's have to be closed
but as i have said before and someone else rightly mentioned today, volume is small so it seems on the surface that there is no inside knowledge escaping from the rig/company that can be traded upon
but its going down on very little volume; to add i bought some last week the trade did not register on this forum
whoa... what happened to the sp? someone building stakes?
oops hit post too quickly haha... we've got to be at target depth soon if we want to be heading to IM-7 in the next 2 weeks
...
Just that there had previously been talk of returning some of the cash balance to shareholders... If we are going to move immediately onto an IE appraisal programme then it's highly unlikely the company would look to return any cash
I have excoriated OldBod many times for the Bungle in the Jungle. They made the mistake of trusting people and what seemed AI at Lloyds on paper turned out to be a LoC (Load of .....)
Having eventually found some gas ... "" well flow tests on the Moambe well exceeded 7mmscf/d. The Moambe and Zingana exploration wells drilled at Bomono were then suspended as future producers. As previously announced by Bowleven, the detailed prospect inventory prepared indicates there is 146bcf and 263bcf of mean un-risked GIIP in the Tertiary and deeper Cretaceous reservoir intervals respectively...."" the question arose how to monetise it ??
Bow and SNH haven't exactly had a smooth or timely relationship and I suspect the option of 20% of something as opposed to 100% of nothing was more appealing than trying to build the infrastructure on their own, permitting by the grace and favour of SNH. Whether that was the only deal on the table or the best one to take, I don't see how outsiders could know....
Although OldBod won't have up-to-date info on the drills they will know in great detail what "should" be there, they are experts in AIM and company law, they will still have "eyes and ears" in Doula and they still have (??) many millions of shares and options (??) in Bow to keep them on the ball.
I was very distrustful of CoC at first, but fair play to them we're still here and hopefully they will help get a decent selling price for the company when the new CPR is announced......
The best pairs of eyes acting on our behalf will be OldBod
i know your being scary, however if nowt had been hit they would have moved on by now IMO
or are the mms being total cocks as usual
It's showing on the NEX exchange
thats the one
mateyboy, it wasn't for 7473 was it?
still hasnt shown up
my trade hasnt shown up yet thats odd
my better judgement ive just bought a couple of k worth
Is this the last tree shake before the RNS next week?.