Company
BowLeven PLC
LON:BLVN
Bowleven plc is an independent exploration and development company focused on Africa. The Group currently has interests in Cameroon, Kenya and Zambia. In Cameroon, the Group has interests in the offshore shallow water Etinde Permit, where plans for a staged development of the liquids-rich discoveries on the acreage are advancing, and the onshore Bomono Permit, where exploration drilling is planned. Elsewhere, early stage exploration activities are underway in Kenya and the Group has been awarded exploration blocks in Zambia.
67 stories
Bowleven unaware of reason for share price spike
The oiler's share price jumped to 1.75p from 1.05p on Thursday
Bowleven needs to raise funds as cash levels run low
Shares in the oil and gas exploration group crashed 42% lower after it warned it could run out of cash by the end of 2023
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Photo-Me lifts forecasts after strong start to the year
A look at the major movers on the London market on Tuesday
Bowleven soars as Perenco moves to replace New Age in Etinde joint venture
"We look forward to engaging with Perenco and we will update shareholders in relation to Etinde developments in due course," said Eli Chahin, the CEO of Bowleven
Bowleven still aims for Etinde investment decision in 2020
"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,” said Eli Chahin.
Bowleven investors set for £50mln windfall
The activist fund that led a management overhaul will receive £14.5mln
Investments and investor services
FTSE 100 closes lower after struggling to gain ground all day
The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
Bowleven looks forward to new drilling as rig arrives offshore Cameroon
A drill rig will shortly kick off a two-well programme to add reserves and better define the field
Proactive Oil & Gas highlights: Cabot Energy, Egdon Resources, Echo Energy, SDX Energy, LEKOIL, Victoria Oil & Gas
It was a shorter, quieter week but there were still highlights in the small cap oil and gas sector
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Proactive news snapshot: Active Energy Group , Midatech Pharma, WYG …
A glance at some of the day's highlights from the Proactive Investors newswire
TomCo dives as chief executive hands in his notice
Some of the main news-driven risers and fallers in London on Tuesday…
Victoria Oil & Gas continues negotiations with Bowleven over Bomono project
“Bowleven and VOG are working with the Government of Cameroon to advance the Bomono project,” the company said in a statement
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
VOG results show 11% rise in gas production, attentions on new Logbaba successes
“The developments at Logbaba are very encouraging as we take the first steps towards our longer-term ambition of producing 100mmscf/d,” said chief executive Ahmet Dik.
Victoria Oil & Gas extends deadline for proposed Bowleven tie-up
The Cameroon-focussed gas firm now has until 31 December to conclude the proposed partnership deal, which would see it take a stake in the Bomono exploration project
BowLeven's chairman Billy Allan walks the plank
Allan will be replaced by Christopher Ashworth, one of the non-executive directors parachuted on to the board by dissident shareholder Crown Ocean last week
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Proactive news round-up: Hurricane Energy PLC, ITM Power PLC, Genedrive PLC ...
A glance at some of the stories on the Proactive newswire today
Bowleven war of words continues
The update came in the form of a response to a series of assertions and requests made by Crown Ocean Capital P1 Ltd on Friday (COC).
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Proactive weekly oil news – Sound Energy, Haydale Graphene, Victoria Oil & Gas…
A look back at the week’s highlighted news for junior oilers
Barclays downgrades Bowleven after activist-led boardroom cull
Barclay’s downgrades Bowleven to ‘underweight’ whilst noting that the shares now trade close to its new target price of 34p.
VOG expects Bomono deal to stick despite Bowleven’s boardroom twist
“VOG continues to look forward to developing the Bomono project with Bowleven and will shortly be in contact with the board of Bowleven in this respect.“
Infinity Energy bemused by share price rise
Some the largest risers and fallers in London at 1500: Infinity Energy, Zegona, Mobile Sytems
Most of Bowleven board ousted as investors back call for change
Only chairman Billy Allan and chief operating officer David Clarkson are staying with the oil and gas company.
Urals Energy jumps on plans for Russian assets
Some of the largest rises and falls in London at 15:45pm: Urals Energy, Acacia Mining, Vela Technologies
Victoria Oil & Gas and BowLeven strike Cameroon gas deal
A complex tie-up will see VOG subsidiary take an 80% stake in the Bomono production sharing contract, with Bowleven keeping the remainder and continuing as operator.
FTSE 100 stocks dragged lower by miners and copper price drop shock
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
BowLeven issues tit-for-tat response to Crown Ocean
The board does not believe shareholders are best served by a series of public claims and counterclaims between the company and COC, but ...
Bowleven tells investors to say no to activist shareholder
“Ahead of our formal response, we wish to give timely advice to shareholders that COC's proposal has absolutely no merit," said Billy Allan, Bowleven chairman.
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Proactive Oil & Gas Highlights: Gulf Keystone, Shell, Cairn Energy, Premier Oil, Hurricane Energy, Jersey Oil & Gas, LGO Energy
The first week back brought little in the way of news but there was plenty of analyst coverage across the sector.
Gulf Keystone is one of few oil and gas takeover targets – Peel Hunt
The Kurdistan based oil producer – which was recently rumour to be the subject of Chinese takeover interest - is one of five companies deemed by Peel Hunt to have a sensible mix of asset quality and balance sheet strength.
Risers & Fallers: DRS Data, Gem Diamonds, Kaz Minerals, PHSC, Vast Resources
Musical chairs in the Vast Resources but the stock market likes the music
Investments and investor services
The week's gains in London trimmed
It was a drab end to a decent week, with the big winners on Aim including Scapa, Verseon, Next Fifteen, Boohoo.com and ASOS.
Oilers enjoy their day in the sun; INTU biffed by BRC report
The AIM All-Share remained in positive territory, though only just (it was up 0.09 points at 732.62).
Investments and investor services
Small caps overshadowed by resurgent blue-chip miners
Mining bulls were hailing Janet Yellen's cuatious comments about interest rate rises as a weaker dollar sparked demand for mining shares
Resource stocks lead market higher
Mining stocks are surging ahead, dragging the Footsie higher
Risers and fallers: Metal Tiger PLC, Polo Resources PLC, Univision Engineering ...
Major share price risers and fallers in London at 4pm
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Proactive news summary: Avation PLC, Premier Oil, OPG Power Ventures and Real Good Food.
A round-up of news from the Proactive Investors universe.
Aminex and Bowleven call off Tanzania deal
A forward work programme could not be agreed between all of the parties involved
Bowleven well test supports gas-to-power plans
The programme is now complete and early indications are the Moambe and Zingana wells produced enough gas to support the company’s initial plans for output of 5-6mln standard cubic feet a day.
Aminex transformed by Bowleven deal, analyst says
Shore Capital’s Craig Howie said the deal was excellent news and described it as “a transformational deal in a challenging market.”
Bowleven moves to extended testing at Moambe well
Well results to date have increased confidence in the commercial viability of the Bomono project.
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Proactive Oil & Gas highlights - Bowleven, Aminex, Premier Oil, Tullow, Falcon, 88 Energy
Bowleven's deal to team up with Aminex and Solo Oil in Tanzania was a notable highlight
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Proactive news summary: 88 Energy, accesso, Active Energy, Aminex, Atlantis Res, blur, Fox Marble...
Highlights of the news developments from the growth companies universe
Investments and investor services
FTSE 100 boosted by US Federal Reserve minutes
London traders welcomed Fed hints about slow and gradual rise in US interest rates
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Proactive oil & gas highlights – Bowleven, Tullow, Ophir, 88 Energy, NOP, IOG, NU-Oil and Gas, and COPL
Here are last weeks highlights from the oil and gas sector
Investments and investor services
Proactive news highlights – Hayward Tyler, AdePTelecom, CentralNic, Bowleven, Oilex, Horizonte, and Metal Tiger
A deal with leading Japanese pump maker Ebara creates a new opportunity in a hitherto fairly closed market for Hayward Tyler
Bowleven sitting on US$145mln in cash
Prelims from Bowleven reveal it is in a healthy position for a junior oiler as it is sitting on US$145mln of cash. The source of the company’s riches is a US$250mln deal struck with Russia’s LUKOIL and privately-owned NewAge, who now each o
Bowleven ready to take advantage of oil sector distress
Boss Kevin Hart is confident the oil price will drift back to its pre-slump norm; the issue is one of timing
Kenya could have opportunities for small foreign oil companies
Wildcat explorers have turned to east Africa as one of the last frontiers for oil and gas