Up 10% today any interest.

hi rf - i am as still in - sold half mine at 108 (bit early) now waiting for next news as you say this week due with interims i think - need to check the interim bit - very happy to wait here good stuff coming i would think

SP surprisingly resilient since trying to dip below 100p last week. Result numbers will be crap, commentary key to immediate SP performance.

Can't expect anything from earnings but they have discovered quite a bit of oil......might be at least 100 million barrels of oil down there ...perhaps much, much more....

Daft reaction by the markets on the latest update.....it could be superb news not bad news....sometimes I wonder how this all works....

http://www.investegate.co.uk/Article.aspx?id=201111010700322113R

very good rns - fantastic buying opportunity i utilised on the drop - this rns is good not only do we have what we have but what we have is so good it warrants the expense of looking for even more - thanks to all those who sold not understanding rns - much appreciated - kerrrrrrrrrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggggggggg LOL!

Yep, I am thinking along the lines of a 50% increase in value here very soon...I might be wrong but the chart looks set for a big bounce back....

Or could get dragged down further with the eurozone problems getting worse, dragging the whole market down.

True....this market is difficult to predict....but BLVN is undervalued....

agreed hc but i firmly believe certain shares such as blvn are way under valued and will ride the storm quite easily - greece is just a annoying boil on the backside right now - & will be dealt with appropriately

wonder if the todays rns will actually start to be understood more soon like tomorrow!! gla

BLVN could be massively undervalued. Wish I knew how to calulate the volumetrics of the the Omicron fairway - 16km between Sapele 1 and Sapele 3 with net pay of at least 11m? Could be an awful lot of the black stuff. Time to do some reading

indeed pth - it easily runs into billions of barrels without breaking a sweat - gl

"greece is just a annoying boil on the backside right now" .... No it's not. It's affecting all stocks globally and is threatening to destablise Europe. If greece eventually defaults, the markets will get much worse before they get better.
Also, lots of stocks are undervalued at the moment, not just BLVN. The share price is currently 100p and that is the price at which the market currently values this stock.

Harry, I disagree with your final comment. The Market is ruled by greed and fear, which equals sentiment to some degree. The Market hasn't valued anything today, it's reacted to an event and chucked everything out of the window with no consideration as to what anything might be worth. To say BLVN is valued by the Market at 100p is simplistic in the extreme.

Then feel free to try and trade your stock at a price you think is true value. You might be disappointed.

Two entirely different things Harry:

"The share price is currently 100p and that is the price at which the market currently values this stock."

and

"Then feel free to try and trade your stock at a price you think is true value...."

But you probably can't see that, otherwise you would have given your original statement a little more thought.

"Two entirely different things"...... no they are not, but obviously you can't see beyond your own pedantic logic. You are confusing 'true market value' & 'current market value'. Perhaps posting late at night or early in the morning is not your strength.

If they prove up the reserves with a link between the wells....then it would be worth north of 500p, but we're not there yet but just to say that this in my view has to go up.....

The times I post makes no difference to my pedantic logic. As the saying goes, you can't educate pork.

well hc greece is still "an annoying boil on the backside right now" it will not destabalise europe anymore than it already has - due to ease of communications everyone who needs to know knows what is happening - the only instability is caused by panic - let greece sink and be done with it - i have said that many times in the past - the greeks will never manage their own economy properly - its their culture has been for centuries - carry on as normal just at lower sps for now