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 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

Not too happy about that......that should not be allowed in such a short space of time......catches too many small investors off guard.....

Clutching at sraws that....

Already on the up. 135p sounds reasonable! ;o) Trouble is, with no bid from DGO, will the sp tank further? Clearly a trading bounce atm.

Oddsocks, TLW has been linked to lots of rumours as a predator as they are cash rich atm. Would be nice, but ......

rf, what should happen then???? RNS like that will always hit the sp hard & fast.

I think its on its way back to 60p in the next week or two...DGO pulled the plug quick, so some thing not good.

I'm back to square one on the spreads....make a bit....and just been stopped out as usual at the bottom.....will I ever learn ?.....well that's the risk with volatile stocks....now and again you can make some but expect bad days as well.....

And those in COV had better be careful.....

That announcement's from Bowleven, not Dragon. Neither side appears to have been in touch and Dragon has until 16 March to make an approach. So why make the announcement?

Exactly....that was not an approach.....so frankly they should not have put through announcements at all.....

Original came from DGO (see thread).
No idea why they pulled the plug. Maybe that they saw something else which was more tempting?
COV is a done deal, imo.

Looks like you are in the money skinny!

Might slump tomorrow.....I would bank it if I were him (or her)....worked out that I managed to make some as I did bank quite a bit a week ago or so...so in the black there but still have some stock over from years ago and that's not so good.....I'm going to cool it a bit now as this has been a warning.....and wait for some of my reds turn to blue (hopefully)....

I believe Tullow was the first to be mentioned before Dragon's interest came out of the blue. Good time for the former to show it's hand!

Don't tell me DGO are going for GKP......instead......I'm going to have to cool my enthusiasm for these oilies......I can see this might not be the last one to go pearshaped....