Up 10% today any interest.

It looks promising....I think the curve is turning now....

Not sure yet, rf. Still in down trend atm.

I'm almost convinced that this has to rise...let's look at the drilling results and market cap and they are due to spud again very soon....the trend is about to turn !...

Investec downgrades BowLeven from buy to hold, target price cut from 195p to 94p

Broker Investec has slashed its price target for Africa-focused oil explorer Bowleven (LON:BLVN), saying the company has yet to produce a clear plan to monetise its resource potential.

Investec has cut its target from 195p to 94p and downgraded its stance to hold after a more than 30% rise in the share price over the past month.

Bowleven is focused on Cameroon and Gabon, where it owns six blocks all of which it operates itself. Its overall P50 contingent resource base is 226 million (net).

Investec added that the competent person’s report implies a value of 117p/share and its own de-risked valuation is over 400p/share, but the broker needs to see how and if the current funding situation will allow the company to drill before giving credit.

The company raised funds last year and that has bought it some breathing space, but it is unclear whether the company will be able to commercialise its reserves without outside help, the broker said.

A takeover or an earlier than expected farm-down of MLHP-5, on the Etinde Permit, Cameroon are the main risks to its valuation.

Yabadabadoooo....bought some more this morning.....

Dragon Oil notes the recent movement in Bowleven's share price and confirms that it is in the preliminary stages of exploring a possible offer for all of the issued and to be issued share capital of Bowleven.
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). Accordingly, Dragon Oil would like to emphasise that there can be no certainty that any offer will ultimately be made or the terms or timing on which any such offer would be made.

Got a spread this morning.....

perhaps...160 to 200p takeover....some serious undeveloped assets this Bowleven have...not the time to sell I would think....limit orders triggered perhaps...

BLVN also sitting on cash, which may be an attraction for DGO (approx £119m cash).

I'm guessing somewhere around 160p to 200p...might be more but perhaps that sounds like a fair price...we shall see....

Certainly looking good!

I'm surprised that this is not higher....huge bargain for DGO at anything less than 160p ...in my reckoning anyway....

Would not be surprised if a second suitor steps out of the shadows....

It will go higher, imo, but lots of day traders/short term profit takers will keep the sp honest for a while.

how can anybody sell this...ridiculous apart from a quick buck....this is day one....so...it should spin higher...I would think....

Decided to bank a few.....made sure of some profit because ; you never know in these situations for sure....will keep the rest as looks pretty good mid-term this one...might be a mistake but I'd be gutted on a quick withdrawal....so shall keep an eye on it...and hope for the best for the rest.......

I refer to your post #278! "......how can anybody sell this...ridiculous....." ;o)
Not quite sure how to interpret your "...... but I'd be gutted on a quick withdrawal...."

I know....but I had a very large profit showing in a very short space of time....still have the shares plus a spread running but just had to bank some as I've had a lot of bad times with spreads and was eager to improve my balance ...the sp stagnated all day from the early high of 132p....if it had continued creeping up with far more buys than sells then I would have stayed put...but at the end with the weekend...just had to take some profits...now depending on monday morning news and such might come back for a second helping....done that 6 times this week with XEL....just worried about a quick offer withdrawal...I get too nervous and cannot watch all the time...that's a big problem for me...we shall see on monday morning....can easily buy them back again...might not be so hot then and give more time for consideration into a purchase or not...