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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bowleven Plc | LSE:BLVN | London | Ordinary Share | GB00B04PYL99 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.02 | 10.00% | 0.22 | 300,651 | 16:40:31 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.15 | 0.25 | 0.20 | 0.20 | 0.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | -2.02M | -0.0062 | -0.32 | 654.93k |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:40:31 | UT | 29,998 | 0.22 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/4/2024 | 15:43 | UK RNS | Bowleven plc Holding(s) in Company |
| 03/4/2024 | 18:42 | ALNC |  EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan |
| 03/4/2024 | 10:35 | UK RNS | Bowleven plc Results of Open Offer |
| 02/4/2024 | 13:43 | UK RNS | Bowleven plc Result of General Meeting |
| 27/3/2024 | 14:31 | ALNC | Bowleven seeks funding as loss widens on reduced project activity |
| 27/3/2024 | 07:00 | UK RNS | Bowleven plc Interim Results |
| 18/3/2024 | 07:54 | UK RNS | Bowleven plc Holding(s) in Company |
| 15/3/2024 | 07:00 | UK RNS | Bowleven plc Standard form for notification of major holdings |
| 14/3/2024 | 20:56 | ALNC | EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down |
| 14/3/2024 | 07:00 | UK RNS | Bowleven plc Proposed Underwritten Open Offer to raise c$2m |
Bowleven (BLVN) Share Charts1 Year Bowleven Chart |
|
1 Month Bowleven Chart |
Intraday Bowleven Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/4/2024 | 09:13 | Stock Holders United (man u fans auto banned) | 19,794 |
| 12/1/2023 | 00:58 | BLVN Bowleven (oil and gas) - new to AIM | 40,947 |
| 12/10/2020 | 07:41 | BLVN..Undervalued Assets - Troll Free | 32,046 |
| 26/6/2018 | 11:54 | WHY DID LE COMMISSAIRE DELETE 1000 OF HIS OLD POSTS ? | 70 |
| 24/3/2017 | 17:17 | 60p final takeout.the COUNTDOWN is ON! | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:40:31 | 0.22 | 29,998 | 66.00 | UT |
| 12:31:25 | 0.17 | 133 | 0.22 | O |
| 10:39:25 | 0.17 | 18,520 | 30.56 | O |
| 08:21:02 | 0.17 | 2,000 | 3.30 | O |
| 08:07:58 | 0.20 | 250,000 | 498.50 | O |
| Top Posts |
|---|
Posted at 18/4/2024 09:20 by Bowleven Daily Update Bowleven Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker BLVN. The last closing price for Bowleven was 0.20p.Bowleven currently has 327,465,652 shares in issue. The market capitalisation of Bowleven is £654,931. Bowleven has a price to earnings ratio (PE ratio) of -0.32. This morning BLVN shares opened at 0.20p |
Posted at 12/4/2024 14:39 by manual dexterity Brent is up 2.29%. I suspect if things get worse we will be looking at $100 + next week. US crude already up 2.72%. Pete Major shareholder holds over 58% of the equity so there is a bit of a spread.FID will transform BLVN. |
Posted at 11/4/2024 09:15 by manual dexterity UPL is Upland Resources. It was sitting on a similar share price we have to BLVN now around 0.15p and now comfortably sits above 4p. |
Posted at 02/4/2024 13:52 by ham74 Did anyone make the AGM? I missed it this time.Resolutions passed at AGM: Interestingly, about 19 million votes were made against all resolutions. That is about 6% of the shares. I wonder who that might have been? It looks close to the percentage held by Sand Grove before they started selling, which may be relevant for the March 12 cut off date determining voting rights. |
Posted at 26/3/2024 11:52 by manual dexterity Whatever the case o think Blvn will be relatively tightly held. The option ran out today. |
Posted at 23/3/2024 11:33 by warbaby43 For those who haven't had chance to trawl the "Open Offer" section on the Investor Relations section of the BLVN site:Nice work etc: For 12 days per annum plus another £1,500 per day for owt on top of that, this from the Arnoff appointment letter: "You shall be paid a fee of £100,000 per annum for acting as a Non-Executive Director and Chairman ofthe Board. These fees shall be paid in equal instalments monthly in arrears after deduction of any taxes and other amounts that are required by law. 4.2. In addition to the annual fee referred to in paragraph 4.1 above: a) a one-off bonus payment of £100,000 shall be paid to you on the Company securing a Final Investment Decision in respect of its Etinde project; and b) a one-off bonus payment of £100,000 shall be paid to you on a sale of the Company, provided that: (i) the price per share payable in respect of such sale is equal to or exceeds 19 pence; and (ii) the sale price gives an implied valuation of US$50m for the Company’s Etinde project (and existing cash of US$10m plus Lukoil Final Investment Decision payment of US$25m)" With regard to the 19p per share, as the contract is deemed to have commenced on 2nd November 2023 (see 1.1) that figure is plainly based on the old 335m shares in issue and not the new 1.897bn figure. For comparison, looking back to 2019, Arnoff's predecessor, McDonald, was paid $58,000 ie c £46,000. As for everyone's favourite CEO: |
Posted at 21/3/2024 11:45 by ham74 If you think New Age can lead the Etinde project to FID, then there could be USD 25 million for that, which would be worth about 10 times the market cap after the share issue.Or maybe New Age finds another buyer for the stake. |
Posted at 12/2/2024 13:04 by warbaby43 As to what gas and from where silence, but if not from Etinde then presumably SNH have done a deal with Perenco to use RDR gas and while the RDR product might be more expensive than Etinde's, SNH do have a 60% share of the largest producing field. If this is what's gone on then it would presumably account for the 18 months spent up till the "Termination of Transaction" on 25th January: |
Posted at 19/12/2023 12:51 by tabhair "Bowleven would prefer to see the share price rebound to minimise dilution."I did laugh at this bit. What do they mean, instead of trading at .50p they want it to trade at 1p instead? At this sort of market cap, the share price is irrelevant as any dilution is going to be chunky. The biggest question here (assuming you believe there is value in the asset) is that minority shareholders are going to be protected and allowed to take part in any rights issue on equal terms. Did AGM attendees get any sense that management would do right in this regard? |
Posted at 08/12/2023 19:35 by ham74 Here are some other bits and bobs gleaned from the AGM:Limited communication The joint venture between Bowleven, Lukoil and New Age, is technically an “unincorporate Nonetheless, they are aware that Perenco and New Age agreed to an addendum to the long stop date. Bowleven has had sight of it but cannot share it as it is private. Recoverable costs Regarding the difference of opinion over USD 10 million of recoverable costs, there are a few angles. Bowleven’s share of this is only 25% or USD 2.5 million. The money can only be recovered from future cashflows from Etinde In the greater scheme of things, USD 10 million is not that much for a project that could generate over USD 1 billion of cashflows. There has been a 10 year audit trail on costs, which is naturally a big exercise. Bowleven anyway expect this dispute will be resolved. Other Perenco licenses One possible source of complication and delays, is that Perenco could be negotiating /renegotiating multiple licenses with some inter-related and overlapping issues. We already know they renewed the Rio del Rey license earlier this year. Possible sale of Bowleven Etinde stake If this ever happened, the SNH approval process should be less complicated, because Bowleven is a financial investor and not an operator. Geopolitics and costs of capital The Chad pipeline dispute, and change of regime in Gabon, could raise fears of contagion risk, increasing the country risk profile. Equatorial Guinea however looks relatively stable. Geopolitics might increase costs of capital but the auditors agreed to a 15% figure in line with previous years. Perenco in West Africa Perenco is the largest player in Cameroon, and is also active in Ghana, as well as Gabon. Capital raise Bowleven would prefer to see the share price rebound to minimise dilution. The aim is to offer it to existing shareholders, but they could also be open to new shareholders. Some form of hybrid structure could be considered, though a pure loan would be unlikely. Any offer probably needs to be fully underwritten to take out the execution risk. They cannot disclose details of the Crown Ocean proposal, such as the share price, because it is private, and is anyway an ongoing discussion. Domestic Gas This could be important as part of the ESG agenda, in terms of obligations to the host government. Development Finance Institutions If the project gets to development plan and FDI stage, it is possible that development banks and other multilateral agencies might provide some financing. Bowleven has had discussion with banks in African and France before, but there needs to be a clear development plan agreed. Lukoil logistics Bowleven think that Lukoil needs to be aligned on the development plan. Costs There are currently two directors, two finance staff and someone on the ground in Cameroon, at the Euroil subsidiary. Overheads (excluding development spending) could be about 1.5 million a year next year, but not all would be a cash outlay. If the directors defer their emoluments, these amounts will be accrued. The costs of being listed are about 300,000 to 400,000 a year. |
Posted at 26/7/2023 15:15 by imjustdandy on LSE BoardI reckon Perenco will want full ownership and will look to buy Blvn out up front of developing Etinde.... and Bowleven will bite for even a semi decent offer .. and a semi decent offer would see this share price MULTI bag from 4p not to mind 2p.. (Blvn is run by a bunch of hedge fund guys who just want their money back and a turn ...and walk away from this and stick with the day job in future) |
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