Member Info for Hamz74

This recording appears to be 35 minutes long, so I wonder if it includes all of the Q&A?

FEED is in fact slated for this month? FID some time next year?

An interesting detail from the call is that the need for any equity financing could be reduced by the $25 million FID payment that we know about - but also by the possibility than the state oil company SNH, might have to bear its share of sunk costs for historical development, if it exercises its option to get 20% of the deal. Of course we have no idea what shape any deal may take, but this could be a benign scenario.

Not sure how to interpret "progress" here. Hopefully positive progress.

This news story was from 2013. Did it ever get constructed and if not why not?

Around 4 million shares or just over 1% of the market cap have been transferred from the Employee Benefit Trust to Treasury. Does anyone have any idea why, and whether this has any implications? eg Have the shares been cancelled or are they still owned by employees? The RNS is linked below: https://www.investegate.co.uk/bowleven-plc--blvn-/rns/employee-benefit-trust-shares-transfer/202009221435227628Z/

Big volume today nearly 3 million shares, GBP 120,000, about 1% of the market cap traded. But much more of the free float. Anyone have any idea why?

Sounds like a difficult decade of hopes and dreams being dashed. So was the 750 million all on Etinde, or any other projects? And does the 400 million estimate include the 165 million farm down of 40% in 2015, which seems to be the origin of the 25 million FID success payment as well - plus what a maximum of 210 million for the value of 20%, using some of the higher end of the range projections in the report?

Over those 10 years, what was the earliest FID date you recall? How many times has the date been pushed back? How many potential bidders for Bowleven have been rumoured?

When did they say year end, and who said that? Bowleven or one of the two JV partners - Lukoil or New Age? I last read in the results Bowleven saying third quarter.

Lukoil just bought Cairn's Senegal project. Clearly they want to expand in Africa - perhaps they will bid for Bowleven after FID.

how big are the delayed buys, and where can you see them?

Kier and Costain have also been weak this week, maybe there is some negative sentiment towards the sector?

Three firms appear to be short - Capital Fund Management, Squarepoint and Marshall Wace - ,though I have not noticed any recent changes in short interest. Some data is here https://www.shortics.com/galliford%20try%20plc

Cannot get a quote on even 1,000 shares, something funny is going on

The bid/offer spread fluctuates during the day. I have seen it as wide as 1.25p or as narrow as 0.1p. But the indicative spread is not necessarily a reliable guide to what you end up getting to fill an order anyway. I usually find when it is wide, I get filled inside, and when it is narrow, I have to pay a lot more to trade in size. I would not obsess over the indicative levels, just let us know any firm quotes. Oh and when times are quiet you may need to leave limit orders or do a telephone trade.

As a percentage of the price, the spread is no wider than normal?

But isn't it all falling into place now, with the FEED, the off-take agreement for the gas, Lukoil's local investments ramping up, and so on?

Plan is to get FID (Final Investment Decision) in Q3. Did you Bowleven's 2019 annual report for more details on the project? Lukoil and New Age are also committed to it.

LCG are quoting it at a spread of less than 1p. Plus 500 say the spread moves around with volatility, and are quoting about 7p wide.