Bowleven (BLVN)

Business description

Bowleven is an AIM-listed, Africa-focused E&P with assets in Cameroon. Its main asset is its 20% net interest in the Etinde development, which holds 290mmboe of 2C contingent resource.

Stock data

Market cap.£97.4m
Last close30.00p
High / Low (52 weeks)36.5p / 19.5p
Stock market listingLN
Forecast net cash (US$m)89.7
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(11.1)(9.8)50.0
Relative *(13.8)(13.6)25.6

* % Relative to local index

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Company news

Most of Bowleven board ousted as investors back call for change

Wed, 15 Mar 2017 09:17:39 GMT

Bowleven war of words continues

Mon, 27 Mar 2017 13:53:40 GMT

Could bargain stocks Lonmin plc and Bowleven plc double despite trouble?

Thu, 26 Jan 2017 13:52:30 GMT

BowLeven's chairman Billy Allan walks the plank

Thu, 30 Mar 2017 10:33:06 GMT

BowLeven issues tit-for-tat response to Crown Ocean

Fri, 17 Feb 2017 07:51:03 GMT

Y/E Jun Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (11.5) (14.1) (4.3) N/A N/A
2016A 0.0 (20.2) (7.0) (2.1) N/A N/A
2017E 0.0 (8.8) (9.0) (2.7) N/A N/A
2018E 2.5 (5.1) (5.4) (1.8) N/A N/A

Last updated on 25/04/2017

Latest research

Crown Ocean resolutions prevail

Flash note | Oil & Gas | 15/03/2017

Farm-down to VOG monetises Bomono gas

Update | Oil & Gas | 09/03/2017

Operating update and shareholder activism

Update | Oil & Gas | 15/02/2017

Awaiting resolution on development solution

Update | Oil & Gas | 21/11/2016

Buyback demonstrates confidence in asset base

Update | Oil & Gas | 19/08/2016

Interim results

Update | Oil & Gas | 06/04/2016

Watch for Intra Isongo

Outlook | Oil & Gas | 07/03/2016

Bomono well test results

Flash note | Oil & Gas | 15/01/2016

Proposed Tanzanian acquisition

Flash note | Oil & Gas | 20/11/2015

Looking towards appraisal wells

Update | Oil & Gas | 29/04/2015

Daily comment

Institutional Comment | Oil & Gas | 25/03/2015

Daily comment

Institutional Comment | Oil & Gas | 18/03/2015

Investment summary

Bowleven's board has seen a period of change with its chairman, CEO and CFO all leaving after the General Meeting. The strategic review process has been terminated and the company continues to focus on maximising value for shareholders, including rationalisation of its cost base and "the preservation and enhancement of its existing assets". On an operational level, Bowleven announced a farm-out agreement with Victoria Oil & Gas (VOG) for 80% of the Bomono Permit in return for access to VOG’s pipeline network, a royalty payment and a small amount of VOG shares. The Etinde joint venture partners continue to work on finding an agreeable development solution for all stakeholders.

Last updated on 02/05/2017

Key management

Kevin Hart, CEO

Company address

The Cube
45 Leith Street
Edinburgh
EH1 3AT
United Kingdom
0131 524 5678
View website