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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
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.
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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).