Member Info for 1msn

I would say a sale is on the cards... maybe with in a few weeks...

https://www.gulf-times.com/story/617654/BP-gives-go-ahead-to-Tortue-investment-in-Africa-L

Looks like back to 30's

Always a leaky ship...

1 Crown Ocean Capital P1, Ltd 28.26% 94,756,697.00
2 HSBC Global Asset Management (UK) Limited 8.70% 29,154,729.00
3 Ophorst Van Marwijk Kooy Vermogensbeheer NV 5.08% 17,043,934.00
4 JPMorgan Asset Management U.K. Limited 3.42% 11,453,913.00
5 M & G Investment Management Ltd. 1.90% 6,361,567.00
6 CA Indosuez Wealth (Group) 1.59% 5,316,703.00
7 Hof Hoorneman Bankiers N.V. 1.29% 4,331,874.00
8 Bowleven Plc Employee Benefit Trust 1.22% 4,106,328.00
9 Alliance Trust Plc. 1.20% 4,016,191.00
10 UBS Asset Management (Switzerland) 1.17% 3,921,756.00
11 Hotchkis and Wiley Capital Management, LLC 1.13% 3,786,878.00
12 River and Mercantile Asset Management LLP 1.06% 3,549,430.00
13 Martin and Peggy Lamb JT Tenants 0.99% 3,327,834.00
14 FPM Frankfurt Performance Management AG 0.98% 3,300,000.00

The MM's are trying to fill an order at 25p.... they have brought it down to this level to try and fill the order.. no one is selling... the order is for HSBC...

https://www.businessincameroon.com/hydrocarbons/2611-8610-cameroon-exported-1-03-million-m3-of-liquefied-natural-gas-via-the-kribi-floating-unit-in-late-september-2018

http://interfaxenergy.com/gasdaily/article/33415/cameroon-flng-output-expansion-hits-obstacles

https://www.heraldscotland.com/business_hq/17237245.new-bowleven-boss-gets-575000-pay-package/

According to partner Bowleven, the Etinde partners also benefitted from Tier 1 contractors with the technical expertise, geographical experience, and HSE record to ensure that budgets and timeframes were achieved.
The campaign was designed to prove an additional 1-2 tcf of gas to supplement the existing 1 tcf in place.
While the IM-6 well did not materially increase the resource estimates it did delineate the wet gas/water contact location within the Intra Isongo 410 sand reservoir. This will improve understanding ahead of a future development.
However, the IE-4 well, drilled close to the previous IE-3 well, will likely add around 1.1 tcf to the contingent resource base.
As New Age completes studies for the development, plans for floating liquefied natural gas (FLNG) may require re-assessment, Bowleven added.
Other options include reduced surface infrastructure and a lower-capex investment case which would leave FLNG as a medium-term gas export solution while the other near-term development phases are agreed with the Etinde JV stakeholders.
11/08/2018

https://www.heraldscotland.com/business_hq/17209419.bowleven-boss-defends-oil-and-gas-firms-decision-to-quit-scotland-for-london/

Follow the money

The problem now is another 12 months of nothing.... no news and down.. its AIM

http://www.petroleum-economist.com/articles/politics-economics/africa/2018/all-eyes-on-cameroons-first-flng-project

https://www.oilandgasiq.com/fpso-flng/news/top-10-flng-projects

Most oil stocks are 40 % down in this recent move BLVN is no different

Privately owned New Age on Thursday announced the successful completion of its $55 million appraisal campaign in the Etinde field in Cameroon.

The two-well appraisal program began on 1 May 2018 and established a lower gas water contact, adding an additional 150-250 billion cubic feet of natural wet gas resources.

Both wells were drilled safely and executed under budget.

“We are pleased with the successful performance of the 2018 appraisal campaign and the results confirming additional resources in the Etinde permit. Discovered resources and future prospective resources on the licence are being reviewed, integrating the new well data into the subsurface model, and we now look forward to the next steps in optimising the development solution on the Block, prior to a development final investment Decision,” David Stoopin, Chief Executive, New Age, said.

New Age is in the process of assessing the hydrocarbon resources in the IE area, where they recently completed a second well, IE-4.

Well IE-4 was drilled at less than 50 percent of the drilling cost of prior wells.

New Age has 15 oil and gas concessions in Congo-Brazzaville, Cameroon, Nigeria, Ethiopia, Morocco, South Africa and Kurdistan.

Looks like we are going down to cash..

“We are pleased with the successful performance of the 2018 appraisal campaign and the results confirming additional resources in the Etinde permit. Discovered resources and future prospective resources on the licence are being reviewed, integrating the new well data into the subsurface model, and we now look forward to the next steps in optimising the development solution on the Block, prior to a development Final Investment Decision.”

New age have just reported the have hit Pay on Etinde