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?

66.375p +1p

despite the large volume lately the price has been holding low, with just small risers every day. The large volume could prelude to a bid again

re - bid

71p +2p

A very large trade 5.7M early on has got the share price moving over 70p were resistance has been a problem lately

KEEP AN EYE

64.875p ( 64.75 / 65p )

Had the retracement till this morning reaching low of 64p that was 61.8 fibonacci. Though still down on the day should bounce from here.

Just like BPC did.........

Right to repply

there is allways the spoilers about, trying to tell us or something else worse part of their lowly live I suspect.

If you did buy BPC and 18 % gain in 24 hours could have been done and yet again is trading at asbout the time of mention, so what is your problem?

but you do not ever make any profit like that most likely...

... most likley cos you are a "boy"

btw - is 65.385p now so is going the way I expected

8 hour breakouts ...... wow.,.

and 66p now

Finishing up like this with a HAMMER Candlestick is bullish

and you still acting like what you are a boy

Some places they say on treating with posters like you ......... go back to school

cruelty to animals (emu) ...... at least MJ is fairly indiscriminate in his abuse ..... mind you, if you tell him you have banked a decent profit, you'll still get called a liar and garner a few other bits of gratuitous personal abuse

We are getting ... STAKERS ... BOYs the lot, some of them can not even sleep at night cos someone told them the truth.

But have you noticed, they are not talking about BLVN, but if they have clean up their backside or not leaving from the sit down place.

Ugh!........... You don't half talk some cr*p mj.

I'm talking about blvn....... .13 of a penny ain't much of a breakout.,.

HARRY, the CAT just have done some "cr*p " behind the curtain

you better HURRY

I can smell it from here
----------------

Share price holding above the closing price yesterday, still volatile as some still selling as most are now buying in the order book

BUT, 9% on AFR and CLIG is worth looking at.,.

BB - i'm afraid the pedagogue gets very abusive indeed if you dare do other than bow and scrape to him

Dictionary time again.,.

more of a Dullard than teacher me thinks.,.

P!SSING over those that have nothing to do but BLA BLA BLA is a plesure.

As I said before is good to learn, cos over here 99& have no idea of anything on the share business, maybe is for that reason they talk about anything else.

They forgot that there is another thread for that .... talk nonsence
http://www.moneyam.com/InvestorsRoom/posts.php?page=1031&tid=8123

note: Good point — we need to be careful who we share tips with.

in that case MJ, perhaps you'ld like to restrict your personal and offensive abuse to that thread instead of cluttering up threads about stocks and shares

by the way, you might like to consider taking a course in English and its grammar and spelling

Live is sweet when one see the share price is on my side 66.25p +1p

finishing as I said with a HAMMER Candlestick bullish as is the signal of retracement done.

       

HAMMER

Definition:

The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom.
The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. The Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:

1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.

can't say i care whether it's a hammer or a sickle or even a cycle, especially as i have no particular interest in these ...... however, you do not seem to be waxing quite so lyrical about either BAO or even LAM