BowLeven Live Discussion

onemanandhisdog 05 Feb 2020

RNS Letter of Intent re Etindw Gas RNS Number : 9713B Bowleven plc 05 February 2020 5 February 2020 Bowleven plc (‘Bowleven’ or ‘The Company’) Letter of Intent signed for supply of gas from Etinde, offshore Cameroon Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to confirm the signature of a non-binding Letter of Intent (“LOI”) between Victoria Oil & Gas Plc (AIM:VOG) and New Age Ltd (“New Age”), for the supply of gas from the Etinde Field, offshore Cameroon . Under the terms of the LOI, VOG and New Age will seek to enter into a gas supply agreement (“GSA”). The LOI envisages that New Age will supply processed Gas to Gaz du Cameroun S.A. (“GDC”), a wholly owned subsidiary of Victoria Oil & Gas Plc, at Limbe. GDC would then transport the gas to Douala . The LOI anticipates that the GSA would be for a period of 20 years and would see New Age supply a minimum of 25mmscf per day of gas to GDC for the first three years, increasing to a minimum of 30mmscf per day. The LOI remains in force until the earlier of the signature of a GSA or 31 March 2021. Ultimately, finalisation of the proposed GSA terms and conditions is directly linked to the Final Investment Decision (“FID”) in relation to the Etinde field development project. Eli Chahin, Chief Executive Officer of Bowleven plc, said: “As we work towards making a final investment decision on Etinde this year, today’s announcement by VOG is a positive step towards reconfirming the commerciality of the licence. The agreement is also positive for Cameroon , as it will see gas delivered to independent power suppliers in the country, and for our stakeholders, as it demonstrates the high demand for natural gas in the region. We look forward to updating the market on future progress as appropriate.”

onemanandhisdog 09 Dec 2019

RNS Notice of Investor Call RNS Number : 1226W Bowleven plc 09 December 2019 9 December 2019 Bowleven plc (‘Bowleven’ or ‘The Company’) Notice of Investor Call Bowleven, the Africa focused oil and gas company traded on AIM, will host a conference call for shareholders at 12.30pm GMT on Wednesday 11 December 2019. Management will discuss the Company’s recently announced 2019 Preliminary Results. If you would like to participate in the call, please contact Ollie Mills at Celicourt Communications via email at [email protected] before 10am on Wednesday.

onemanandhisdog 29 Nov 2019

RNS Preliminary Statement Definitely will not be adding. At these levels will just hang on for now.

Ripley94 29 Nov 2019

RNS Preliminary Statement Thank you onemanandhisdog Just holding then not thinking of selling or adding more ?

onemanandhisdog 29 Nov 2019

RNS Preliminary Statement Hi Ripley Just a long suffering shareholder.

Ripley94 29 Nov 2019

RNS Preliminary Statement Hi onemanandhisdog What is your interest i notice you do not comment .

Ripley94 29 Nov 2019

Afren enters administration BLVN… XXXX Topped up @ 8p on fall seen @ 8.38am … Had been an early Rns … by 9.30am buys @ 6p.

onemanandhisdog 29 Nov 2019

RNS Preliminary Statement Bowleven plc Preliminary Results Announcement RNS Number : 1165V Bowleven plc 29 November 2019 29 November 2019 Bowleven plc (‘Bowleven’ or ‘the Company’) Preliminary Results Announcement Bowleven, the Africa focused oil and gas exploration group traded on AIM, today announces its preliminary results for the year ended 30 June 2019. HIGHLIGHTS Operational Etinde, offshore Cameroon Ongoing operator evaluation of development options, with particular focus on the facilities necessary to undertake all aspects of the development. Extensive pre-Front End Engineering and Design (FEED) studies performed by several external engineering consultancies and equipment providers. Investment in completing the analysis of the data and samples collected for the two 2018 appraisal wells, which was followed up by a large scale exercise to remap and reassess each of the fields currently discovered in the Etinde licence area. Particular focus has been placed on re-evaluating the IE field, which has resulted in a much clearer understanding of the importance of existing discoveries and the prospectivity of the nearby undrilled prospects. The JV partners have undertaken an independent Competent Persons report on the contingent resources of the Etinde licence area. The final report shows that the overall ‘in place’ contingent resources of the Etinde licence area are largely unchanged from Bowleven’s 2015 assessment. Recovery rates have been reassessed in light of current development options reducing the overall 2C contingent resources available for production to 244 million boe from 290 million boe on a 100 % basis. Bomono, onshore Cameroon The licence terminated in December 2018. However, the Company currently await the Government’s formal notification of the licence removal. Financial The financial valuation of the Etinde asset has been assessed during the latter part of the year based on development plans proposed by the Operator and the revised assessment of the project's contingent resources. We have paid close attention to the risks and uncertainties associated with the pre-financial investment decision (FID) status of the project. The valuation has been determined to be within a range, with a mid-point of $150 million, resulting in an impairment provision of $62 million against the Group's carrying value of Etinde. Corporate Decision to make payment to shareholders equivalent of 15 pence per ordinary share. Group cash balance at 30 June 2019 of $11 million with no debt. No outstanding work programme commitments. Investment of $4 million in publicly traded limited partnership interests and debt. Under the Etinde transaction, access to $25 million at FID. Ongoing control over general and administration (G&A) cost. Outlook Key objectives are to deliver on our revised strategy in FY2020 which includes: Working with our partners on Etinde development options with the aim of Etinde project FID in FY2020, having due consideration of the risk of the Etinde licence potentially expiring in January 2021. Disciplined capital management to secure progress towards FID and thereafter explore funding options regarding development capex. Eli Chahin, Chief Executive Officer of Bowleven plc, said: “Our focus in 2020 will be to work with all of our stakeholders to ensure FID is underpinned by a compelling development plan, which is suitably robust to secure future capex funding during the financial year. This combined with a disciplined approach to capital, management will ensure that we are able to deliver maximum value for our shareholders.”

Ripley94 25 Nov 2019

Afren enters administration BLVN… XXXX Its bouncy went up to 9.8p on Thursday 21st … two days later. Cheaper today @ 9.2p

onemanandhisdog 22 Nov 2019

RNS Date of Preliminary Results announcement RNS Number : 4312U Bowleven plc 22 November 2019 22 November 2019 Bowleven plc (‘Bowleven’ or ‘The Company’) Date of Preliminary Results announcement Bowleven announces that it now expects to publish the Company’s Preliminary Results for the year ended 30 June 2019 before the end of next week. Further to the announcement on 18 November 2019, the 2019 Annual General Meeting, will be held at 10.00 a.m. on 11 December 2019, at Hilton London Tower Bridge, 5 More London Place, Tooley Street, London SE1 2BY.

Ripley94 19 Nov 2019

Afren enters administration BLVN… XXXX 9.3p now !!!

onemanandhisdog 18 Nov 2019

RNSNotice of AGM bowleven plc logo RNS Number : 6572T Bowleven plc 18 November 2019 18 November 2019 Bowleven plc (‘Bowleven’ or ‘The Company’) Posting of Notice of Annual General Meeting 2019 Bowleven announces that the Notice of Annual General Meeting (the ‘AGM’) 2019, to be held at 10.00 a.m. on 11 December 2019, at Hilton London Tower Bridge, 5 More London Place, Tooley Street, London SE1 2BY has been posted to shareholders today. The Preliminary Results for the year ended 30 June 2019 will be announced this week with the Annual Report and Accounts for the year ended 30 June 2019 (the ‘Report and Accounts’) being posted to shareholders shortly after in a separate mailout. The Notice of AGM will be available on the Company’s website at www.bowleven.com later today.

Ripley94 16 Sep 2019

Afren enters administration BLVN… XXXX Down to about 10p … been paying big divs .

onemanandhisdog 10 Jun 2019

New Ages Financial Position This was originally posted by Gark on the London South East board. A good find. [link] Fully expect news flow on Etinde over next few weeks. This move frees up cash for development of Etinde.

onemanandhisdog 07 Jun 2019

RNS Change of Advisor RNS Number : 5176B Bowleven plc 07 June 2019 7 June 2019 Bowleven PLC (“Bowleven” or “the Group” or the “the Company”) Change of Adviser Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces the appointment of Shore Capital and Corporate Limited as its Nominated Adviser and Shore Capital Stockbrokers Limited as sole Broker, with immediate effect. This follows the completion of the acquisition of Stockdale Securities Limited by Shore Capital Markets Limited.