RNS today gives BowLeven's interim results and highlights the following:

RNS Number:2495ABowLeven Plc23 March 2006 BowLeven Plc23 March 2006

BowLeven Plc ('BowLeven' or 'the Company')
Interim results for the six months to 31 December 2005
Bow Leven, the Cameroon-focused oil & gas company listed on AIM, today announces its interim results for the six months ended 31 December 2005.

Highlights include:
* Cash of #62 million
* 3D seismic survey underway on blocks MLHP 5 and MLHP 6 of Etinde permit
* Reserves of 60.3 mmboe remain in place
* Four well drilling programme being prepared for early 2007
* Loss for the period #0.7 million
* Concentration on original strategic plan including implementation of Gas To Electricity ('GTE') Plant in Cameroon


At today's offer price of 195p, the company is valued at 57.7 million. However, they claim to have audited Resources consisting of 60.3 mmboe of Reserves and 58.2 mmboe of Contingent Resources. There is supposed to be a copy of the auditors' report on the website but I can't find it (UPDATE - have now requested this via e-mail) (NEW UPDATE - I never got a reply but the auditors' report can be found in the AIM admission document).

BLVN also has 60 million in cash, which ought to more than see it through its next lot of drilling.

This, however, is scheduled for 2007, which may be one reason why the SP is held back. But to me it still looks cheap. It is almost certainly oversold after the announcement of bad news in the latter half of last year.

Does anyone else have any thoughts on this?

That Cove counterbid has flipped over to BLVN and Afren

I was a day adrift..... Tut tut

All I need now to complete my day is that shit pile of an Indice called the Dow to roll over.

Takeover Bids Boost Oil Shares By Tony Luckett

Shareholders in small and medium-sized oil companies had plenty to cheer about last week. On the previous Friday, shares in the West African explorer Bowleven (LSE: BLVN.L - news) had soared after Dragon Oil (Xetra: 877789 - news) said that it was considering a bid, so when the market opened on Monday, investors piled into the sector pushing up prices across the board

But it would be no surprise to see another company make a bid for Bowleven. One potential candidate has to be the £14 billion Irish major Tullow Oil (Stuttgart: 591219 - news) , which already has considerable African interests.

In any event, it promises to be an interesting and hopefully profitable few weeks for shareholders in Bowleven, Dragon and much of the rest of the oil sector.

have talked myself into this one (at 130.25), having done the reverse with COV

You always were slow off the mark Ricardo!

yes indeed but as long as i make a bob or two, i'm happy enough

The market clearly thinks there is more mileage in this one . Happy to hold for the moment.

That's better!

is certainly looking good with the spike once again like last Friday

do not forget is on a BREAKOUT

The hot money has a new favourite!

Not no more,

http://uk.advfn.com/news/UKREG/2012/article/51393557

That is diabolical......been stopped out......

RNS Number : 3042Y

Bowleven Plc

28 February 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

28 February 2012

Bowleven plc ("Bowleven" or the "Company")

Response to announcement by Dragon Oil Plc ("Dragon Oil")

Bowleven notes the announcement made by Dragon Oil today and confirms that no detailed discussions were held with Dragon Oil and that no due diligence information was provided by Bowleven to Dragon Oil.

A copy of this announcement will be available at www.Bowleven.com

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

I maybe insane - had a dabble @93.50

What's your target?

30p ?.....skinny...that is worse than me....

Not too lose too much :-) 135-140 and I'd probably be off.

I don't often post but I know tullow oil are on the radar especially now dragon oil have walked