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.£113.1m
Last close35.25p
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
Actual3.746.955.0
Relative *2.541.630.1

* % Relative to local index

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Company news

Bowleven war of words continues

Mon, 27 Mar 2017 07:30:00 GMT

Most of Bowleven board ousted as investors back call for change

Wed, 15 Mar 2017 09:17:39 GMT

Barclays downgrades Bowleven after activist-led boardroom cull

Thu, 16 Mar 2017 08:31:10 GMT

BowLeven issues tit-for-tat response to Crown Ocean

Fri, 17 Feb 2017 07:51:03 GMT

Bowleven tells investors to say no to activist shareholder

Wed, 08 Feb 2017 08:53:32 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 09/03/2017

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

The results of the Bowleven general meeting (GM) were released this morning, with eight of the nine resolutions passed. This has led to the removal as directors of all but two of the board: the chairman Billy Allan and COO David Clarkson. They are joined by two additions proposed by Crown Ocean Capital: Eli Chahin and Christopher Ashworth. The results of the votes were all close run, with between 49.4% and 54.8% voting for. Given this, and the split board, we are unsure as to the near-term future for the company’s strategy. We would expect the new board to meet as a matter of urgency to look to resolve this uncertainty.

Last updated on 15/03/2017

Key management

Kevin Hart, CEO
Kerry Crawford , FD

Company address

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