George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
3 x 75000 Quick Fire Sells @8.00 ?
2023-08-23 09:11:13 9.63 374,102 £36,026.023 Delayed sell probably reason for drop this morning
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Thank you for taking the time to get in touch with us at Smart Investor. I'm sorry that you have not received your Bowleven dividend as of yet.
The pay date for a dividend is the day that we as a broker receive the bulk payment from the registrar. We try to allocate this out as quickly
as possible but sometimes it takes us a little while.
We aim to have the money applied no latter than 10 working days from the pay date so the payment should be made by Friday.
Thanks !!
I have just emailed them , I will let you know , when i get a response ...
GLA
No dividend yet, any body else ? ...
AIM-listed Bowleven (BLVN) has announced a drilling update from Etinde this morning and oh dear, the second drill, IE-4, of the two-well programme seems not to have had a nice tasty big strike. But there is some good news in there and although one could have a slightly cynical read of the text (ala UK Oil & Gas, UKOG) I don’t perceive any need for Bowleven to ramp its shares: it has piles of cash, don’t forget.
The bad news is that both wells offered no big strike and so the shares are off a tad, but we are also told that:
an unprognosed sequence of thinly bedded high porosity sand horizons of about 30 metres gross (20 metres net) thickness was drilled some 50 metres above the drillbit 410 sand package. Fluid sampling has shown the sands to be light oil saturated.
So not a complete duster, then. Further:
The IE-3 well showed a similar looking oil bearing sequence, which has been tentatively correlated with the IE-4 sequence, although these thin sandstone layers are not well imaged in the seismic data. Tentatively, based on the IE-4 location and the potential IE-3 correlation alongside the seismic data analysis, this structure trap is around 2 km squared in volume, with an additional untested structural high to the North West.
And….
The lower 12 metres of this sequence was tested at a flow rate of 17.1 mmscftg/d and 8780 bopd on a 56/64'' inch choke.
Additional evaluation is being undertaken on the IE field ahead of a broader interpretation being detailed. This discovery bodes well for the potential of the Etinde field and further test data and volumetric evaluation will be ongoing. The test results have increased the overall likelihood of a commercial development of the IE field area.
So there is some good news after all. The important thing to remember is that these are apparaisal drills and although a nice tasty big strike is what investors want to read of, there isn't much point in drilling the sweet spot all the time. What the partners want to know is how big the field is, and that means gong to the edges. The Nomad will have signed off on that last sentence, so it really is good news. As for the IM-6 drill, we are told that:
An assessment of the reservoir pressure data collected at the IM-6 location with that at IM-5 has allowed a determination of the expected wet gas/water contact within the Intra-Isongo aged 410 sand packages with the "Awl" structure first drilled at the IM-5 location. The contact is calculated to be at 3,050 metre depth (tvdss) on the basis that the reservoir fluids between the IM-5 and IM-6 locations are connected. Based on this data, the volume of the Awl reservoir increases from c5.8 km to c8.9 km. The IM-6 well, which successfully appraised the Intra Isongo section of the field, established a lower gas water contact and adding an additional 150-250 bcf of wet gas resources on a P50 confidence basis. Further analysis will need to be completed before any resource increment can be booked in
1,001,253 @15.14.05 is a BUY
Anyone know whether these shares will be Transferred Automatically ? , Got quite a few off these !! Thanks in advance ..
We Hope. GLA
ATB.., Bomono is probably a question for 1msn,,
Welcome CBT7 1St post, There are three possible outcomes here , All of them will exceed the current share price, my average is very similar to yourself, The RSI is overheated at the moment, and traders may take advantage off this, a little consolidation is Good...!! GLA
Partners line up Etinde exploration campaign NewAge, Lukoil and Bowleven have jack-up en route to Cameroon for appraisal work, with promising secondary targets Iain Esau London 16 Mar 2018 00:00 GMT Share: Facebook Twitter LinkedIn E-mail Print Privately-owned NewAge and its partners in the Etinde permit off Cameroon are set to start a two-well exploration campaign in May or June this year. Eli Chahin, chief executive of 25% asset stakeholder Bowleven, told Upstream that the jack-up Topaz Driller is due in country towards the end of May and that may push out a couple of weeks. The rig, which is currently in Singapore, has been fixed for 150 days and will be used to appraise the Isongo Marine-5 gas and condensate discovery. Located south of IM-5, the IM-6 appraisal wells main target is a potential 200 to 280-metre Intra Isongo sand column that could contain 870 billion cubic feet of gas. Its secondary targets are the shallower Grinder formation and deeper Yankee zone, which house potential resources of 1.1 trillion cubic feet and 200 Bcf, respectively. A sidetrack could also be drilled off IM-6, with the well designed for conversion to a producer in the event of success. The IM-7 well has been designed to assess the size of the Grinder formation. Chahin said Bowleven�s conservative estimate is that the two wells could find 1 Tcf of gas plus 200 million barrels of liquids. Additional resources would supplement the 1.1 Tcf, plus liquids, discovered so far at Etinde, which is already enough to support a floating liquefied natural gas project. Commenting on the NewAge-driven FLNG scheme, Chahin said: "We've got a commercial project now. It�s a very important project that we�re trying to get off the ground." He added that successful appraisal results will create "a much more lucrative commercial project to be able to take to a final investment decision." Tentatively, a final investment decision is targeted for next year, with first production about three years later. Chahin said the FLNG scheme is a multi-billion-dollar project, so Bowleven may decide to scale back its interest or sell it entirely instead of funding its way through the development. That might be the opportunity to realise some value for shareholders or find out shareholder appetite to play along the value chain. Both Jersey-registered New-Age and Russia's Lukoil have 37.5% stakes in Etinde. The Bomono permit onshore Cameroon is Bowleven's only other asset, which, despite delays, it plans to offload to Victoria Oil & Gas.
Slip, Do you think COC are prepared to Gamble on appraisal, after all they are nothing more than a hedge fund, is the RR worth it ??