Africa-focused oil & gas explorer BowLeven (LSE: BLVN) made a game-changing announcement last week. The company revealed that it had sold down its stake in a project off the coast of Cameroon, the offshore Etinde block.
A year or so ago you wouldn't have caught me liking a Falklands-based oil explorer better than an onshore explorer in Africa! But that's the way things have changed, and after the calamities that have hit Afren (LSE: AFR) I see at least two better ...
This could prove to be an interesting period for investors in BowLeven (LSE: BLVN), with the West Africa focused oil and gas company set to commence drilling onshore Cameroon for the first time later this month.
2014 has been a very challenging year for oil and gas exploration company BowLeven (LSE: BLVN). Indeed, the falling price of oil and another year of losses have contributed to a weak share price that is down 9% today and 23% lower since the start of 2014.
Investor confidence in oil explorer BowLeven (LSE: BLVN) received a shot in the arm today when the firm announced its plan to farm out of a 50% stake of its gigantic Etinde project in Cameroon to LUKOIL and NewAge is now in the final stages.
Double Or Quits With LGO Energy PLC & BowLeven PLC? Fool.co.uk(Thu 14 May); Bowleven jumps after $250m Etinde project gets approval Sharecast(Tue 24 Feb); Bowleven receives approval from Cameroon government for the farm-out of equity interest ...
oil rig BowLeven (LSE: BLVN) announced this morning that the Cameroon government had granted approval for the firm to assign 50% of its interest in the Etinde Permit to partners Lukoil and NewAge, in a deal worth $250m to the AIM-listed firm.