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Pin to quick picksBowleven Share News (BLVN)

Share Price Information for Bowleven (BLVN)

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Share Price: 0.20
Bid: 0.15
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.10 (66.667%)
Open: 0.20
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Low: 0.20
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London close: Santa Rally continues as UK stocks rise for sixth straight day

Tue, 23rd Dec 2014 16:51

UK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States.Third-quarter US annualised gross domestic product (GDP) growth was revised to 5% from an initial estimate of 3.9%, representing the strongest rate of expansion since 2003."The jump in US GDP driven by consumer spending is another bit of evidence demonstrating the benefit of lower oil prices to the global economy," said analyst Jasper Lawler from CMC Markets UK.The FTSE 100 finished 0.3% higher at 6,598 by the end of the session, its highest close since 8 December, helped by energy stocks as crude prices rebounded.In other US economic data, the University of Michigan's consumer-confidence index and personal spending figures came in better than expectations, though new-home sales and durable goods orders missed forecasts slightly.Closer to home, the FTSE 100 pulled back from its intraday high early on after UK GDP growth was surprisingly revised lower. While quarter-on-quarter growth was confirmed at 0.7% for the third quarter, the annual rate of expansion was revised to 2.6% from the initial estimate of 3%.News from Greece was also limiting gains across European markets after Greek Prime Minister Antonis Samaras failed to garner enough support for his presidential candidate in a second round of voting. Parliamentarians will now be called on to vote for a third and final time on 29 December.Energy stocks jumpOil and gas producers such as BP, Tullow Oil, Shell and Premier Oil were all performing well by the end of the session as Brent crude advanced 1.2% to $60.82 a barrel. Energy services companies such as Petrofac, Hunting and Weir Group also saw shares rise.Retailers were also providing a lift with Wm Morrison, Tesco and Sports Direct putting in decent gains.Thorntons was a heavy faller, dropping over 22% after warning of a "significant reduction" in orders from major supermarkets and a problem with its warehouse distribution. Earnings for the full year are now expected to be "below those achieved for the last financial year".Cameroon-focused oil explorer Bowleven jumped after being allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Market MoverstechMARK 2,953.95 -0.19%FTSE 100 6,598.18 +0.33%FTSE 250 16,094.23 +0.64%FTSE 100 - RisersTullow Oil (TLW) 419.70p +3.12%CRH (CRH) 1,559.00p +3.11%Morrison (Wm) Supermarkets (MRW) 180.40p +2.50%Smiths Group (SMIN) 1,108.00p +2.40%ARM Holdings (ARM) 998.00p +2.31%Sports Direct International (SPD) 712.00p +2.30%Randgold Resources Ltd. (RRS) 4,240.00p +2.17%Weir Group (WEIR) 1,912.00p +2.03%Tesco (TSCO) 184.60p +1.99%Centrica (CNA) 282.50p +1.88%FTSE 100 - FallersShire Plc (SHP) 4,533.00p -2.81%Reckitt Benckiser Group (RB.) 5,200.00p -2.07%AstraZeneca (AZN) 4,516.50p -1.88%Smith & Nephew (SN.) 1,089.00p -1.71%Barratt Developments (BDEV) 459.00p -1.48%Persimmon (PSN) 1,572.00p -1.32%Taylor Wimpey (TW.) 134.70p -1.32%Aggreko (AGK) 1,528.00p -0.84%BG Group (BG.) 879.50p -0.74%Ashtead Group (AHT) 1,169.00p -0.51%FTSE 250 - RisersEuromoney Institutional Investor (ERM) 1,125.00p +5.73%Evraz (EVR) 149.20p +4.55%Centamin (DI) (CEY) 60.15p +4.52%RPS Group (RPS) 218.40p +4.40%Workspace Group (WKP) 764.50p +4.37%Serco Group (SRP) 163.10p +4.15%Petra Diamonds Ltd.(DI) (PDL) 191.50p +4.08%Premier Oil (PMO) 172.00p +3.61%SIG (SHI) 171.30p +3.32%PayPoint (PAY) 922.50p +3.30%FTSE 250 - FallersHikma Pharmaceuticals (HIK) 1,985.00p -3.69%Polymetal International (POLY) 555.50p -3.05%Saga (SAGA) 151.00p -2.45%BTG (BTG) 797.00p -2.03%Greggs (GRG) 723.00p -1.97%RPC Group (RPC) 509.50p -1.45%Bank of Georgia Holdings (BGEO) 2,037.00p -1.45%Big Yellow Group (BYG) 610.00p -1.37%Genus (GNS) 1,269.00p -1.25%Fisher (James) & Sons (FSJ) 1,159.00p -1.19%
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4 Jun 2013 07:25

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

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7 May 2013 07:18

Tuesday broker round-up UPDATE

Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis

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19 Apr 2013 08:45

Bowleven shares rise on Cameroon well results

Bowleven's shares rose Friday after the Africa-focused oil and gas group announced significant flow rates from its IM-5 well at the Etinde Permit in Cameroon. The well, designed to appraise the reservoir and fluid properties of the Middle Isongo and to explore the additional potential of the Intra

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9 Apr 2013 14:13

Cameroon seeking bidders for five oil blocks

* Central African state seeks to reverse output decline * Bids required by mid-June, official says * Blocks located in "mature oil province" YAOUNDE, April 9 (Reuters) - Cameroon is auctioning off exploration licences for three offshore and two onshore oil blocks, an official at

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2 Apr 2013 08:13

BowLeven advances on positive results from IM-5 well in Africa

BowLeven's shares advanced on Tuesday after the oil and gas company announced positive results from the first test of the IM-5 appraisal and development well, offshore Cameroon, Africa. The group said a drill stem test at the well, part of the Middle Isongo prospect and Etinde permit, found condens

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20 Mar 2013 13:03

STOCKS NEWS EUROPE-UK small caps dip in midday trade, lag FTSE

UK small caps fall 0.1 percent, ahead of the the mid-caps, which fall 0.2 percent, but behind the blue chips, up 0.2 percent. CPP Group drops 52 percent after saying that it has failed to find a solution to its ongoing negotiations regarding its financing. Oil and gas firm Bowleven ri

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6 Mar 2013 09:56

STOCKS NEWS EUROPE-UK small caps climb 0.2 pct early on

The FTSE Small Cap index is 0.2 percent higher in early deals, marginally lagging stronger gains of 0.3 percent on the FTSE 100 and 0.4 percent on the mid caps International communications and sports marketing group Chime Communications rises 2 percent after the company increases its divid

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25 Feb 2013 07:26

Monday broker round-up UPDATE

Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank

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22 Feb 2013 10:47

STOCKS NEWS EUROPE-Bowleven up to 3-month highs on hydrocarbon find

Shares in explorer Bowleven rally 8.9 percent after announcing its IM-5 well in offshore Cameroon has found of liquids-rich hydrocarbons in Middle and Intra Lsongo reservoir objectives. "It's always good news to hear of liquid being found as opposed to gas, which is more expensive to get ou

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22 Feb 2013 10:07

STOCKS NEWS EUROPE-UK small caps gain 0.3 pct but lag blue chips

The FTSE Small Cap index is up 0.3 percent in early deals, lagging a sharper rebound in the broader market where the FTSE 100 and the FTSE 250 each rise 0.7 percent. Explorer Bowleven rallies 10.2 percent after announcing its IM-5 well in offshore Cameroon has reached primary objective, and

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22 Feb 2013 07:51

BowLeven discovers hydrocarbons offshore Cameroon

Bowleven, an Africa-focused oil and gas exploration group traded on AIM, said Friday that the IM-5 well drilling offshore Cameroon has now reached the Middle Isongo primary objective of the well and has encountered liquids-rich hydrocarbon-bearing pay in both this and the Intra Isongo reservoir obje

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31 Jan 2013 07:07

Thursday broker round-up UPDATE

Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant

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30 Jan 2013 13:50

Bowleven announces drilling update in Cameroon

Africa-focused oil and gas company Bowleven said Wednesday it made a potential discovery at its IM-5 well in Cameroon. The well has intersected a gross reservoir interval of about 80 metres, based on logging while drilling (LWD). A preliminary analysis of provisional net pay is estimated between

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12 Nov 2012 09:03

Monday broker round-up -UPDATE

Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis

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6 Nov 2012 07:07

Petrofac and Bowleven team up to develop Cameroonian asset

FTSE 100 oilfield services giant Petrofac has entered into a 'strategic alliance' with AIM-listed oil and gas group Bowlevento develop the latter's Etinde Permit, offshore Cameroon, which will see Petrofac invest up to half a billion dollars. Petrofac will provide engineering capability to Euroil,

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