Member Info for Rivendell666

Researching after posting is probably not the best way to proceed... http://www.bowleven.com/operations/cameroon/etinde Under "" Our Partners and Alliances"" states that Bow has 20% and that SNH has exercised it's right to 20%

From the original RNS:..... "" $40 million staged deferred cash payment due at Etinde development project FID and on completion of appraisal drilling; and � $40 million (net) carry for two appraisal wells. https://www.investegate.co.uk/bowleven-plc--blvn-/rns/etinde-farm-out-agreement-signed/201406240700203205K/ First one's a bit ambiguous as they'll maybe need to analyse the drilling campaign before announcing FID and giving us $40m. Good point about the $40m carry, though. If the campaign costs $100m do we get a refund. ( and can SNH afford $20m if it buys in ?? (or do they just get it for free ??) ) .. ??

I presume so. Who cares how our free carry is to be divvied up amongst our partners..... We still haven't heard as to whether SNH is going to take 20% of the field, as is their right. We have 25% at present. I don't know if they have to buy their way in or it's just given up to them. Given the state of poor Cameroon ( and VOG customers ) can SNH afford 20% of the costs of the drilling ??

https://www.rigzone.com/news/booming_asian_gas_demand_ripples_all_the_way_to_norway-12-feb-2018-153499-article/?utm_campaign=DAILY_2018_02_13&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F5 More good macro news ... One of these decades .....

http://www.oedigital.com/component/k2/item/14533-options-assessed-for-etinde-cameroon A good background article but a year old......

Let's hope their judgement is better in Cameroon .... http://www.valuethemarkets.com/index.php/2017/10/12/carillion-worth-punt-takeover-speculation-clln/

Very strange indeed. After years in the wilderness the news of the drilling campaign was announced as merely a postscript to the AGM. Now the news of the drilling campaign getting real is met with 3 sells of 23k total and the company can't be bothered to tell the world about this materially important development. If you were a cynical chap (lawyers please note I'm not) you might think the non-hype was to keep the SP down to let the BigBoys in for a 100% profit when Cockup launch a 60p fait accompli bid .... C'mon Kevin and OldBod. Keep your beady eyes on the situation..........

Not much FOMO here. One sell of 16k shares being the entire trading activity so far.....

Someone coulda staggered out of bed to send an RNS ..... Maybe next time offer 10m shares and an alarm clock .......

https://www.indcatholicnews.com/news/34221 Cameroon not a happy country. Maybe this is what's keeping the SP down? Wonder if this is stopping Cockup from sleeping at night...??

When ( if ) we do go into play, it'll be fantastic to have some serious opposition to Cockup. As we're drilling Q2 we'll be due some juicy RNS's in the near future. Maybe the FFOMO herd will arrive, so what will Cockup do with a rising SP ? -- hold and wait for a 3rd party buy-out ? or will they launch a bid themselves before the assets are fully proved up. It's good to know NewBod will be kept honest by OldBod looking over their shoulder at every move with microscopic attention to detail....... One of these years ......

Do you think we'll get that far?? With drilling planned for Q2 there will be lots of juicy RNS's in the near future and the herd will return en masse FFOMO What will CoCkup do is the big question. Do they try to get control of the company before then or wait quietly until drilling success (dear Lord, pleeeze) and sell on the re-rate or when NA or Luke wants us?? But will SNH have the funds for the costs of the 20% they are entitled to ( a la VOG woes ) ?? Don't know how it works but could we go into play with 25% of Etinde rather than 20% ?? (Every little helps ) Just keep our lot away from the rig chartering process !!

Well said. Similar sort of position to yourself. In a weird way the peeps looking out for us will be the ousted board. They have great knowledge of the minutia of company law so the slightest error on NewBod's part will have OustedBod breathing down their neck. Mr King of Rangers fell foul of the 30% rule and is in court for that ... ""The Court of Session heard today how King allegedly knew that legislation dictated that entrepreneurs who hold a 30 per cent stake in businesses are compelled to make a takeover offer"" Perhaps NewBod could put the majority of our cash reserves into escrow to pay for development cost ....... that would stop any thoughts of a****t s*******g Just can't understand why the news of appraisal drilling hasn't attracted investors. We've been waiting for this news for years and it's just been ignored .... Gas is the fuel of the future and 20% of a ""large""" gas field going cheap must surely be on somebody's radar.....

https://www.rigzone.com/news/saudi_aramco_embarks_on_global_hunt_for_natural_gas_supplies-21-dec-2017-152900-article/?utm_campaign=DAILY_2017_12_22&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F6

With drilling starting in Q2 18 (honest guv, a lovely used drillship, only 200000 km on the clock, you can trust Daley Drillships...) and Ccockup poss making a move before then, in my rose-tinted world the only way is up. Surprised the SP hasn't risen since the drilling was announced.... Maybe we have such a bad name that the BigBoys want to see gas flaring as we prove up more HCs, before they invest.....

Article in Rigzone https://www.rigzone.com/news/wire/new_africa_gas_comes_at_right_time_for_europe_in_supply_woes-15-dec-2017-152830-article/ Kribi is about 150 Km from Etinde. We're much nearer to Equ. Guinea. At least CamGov must be playing ball for NA to be powering ahead with the project. I wonder if we'll ever get a stream of divis or will we be gobbled up by Ccockup before then ??

http://georgiatoday.ge/news/6384/LUKoil-%26-LNG was received with much amusement in April this year. However ..... the authors must have got wind that something was up. So, negotiations took place early this year (agreements to start drilling don't just happen). Was this not of material interest to the shareholders? Should a RNS have been issued ? If Ccockup knew that permissions had been granted and continued to buy, might that be considered ixxxxxr txxxxxg??

Chantal for Chairperson ?? Can't be any greedier than the present lot and no delays to the project either.......

But ... This is wonderful news in the context of what we've been patiently waiting for (all these years) And with the possibility of CockUp bagsying the assets before the drill hits the sea bed I'da thought there would be a bit more interest.... But what's a few more months .......

Some action at last. Not exactly reflected in the surging SP. Will this encourage CCockUp to make a move ????