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?

StockMarketWire.com
Bowleven's bids for exploration blocks 25, 28 and 29 in Zambia's recent licensing round have been successful.

Bowleven has now applied for the petroleum exploration licences over these three blocks and confirmation from the Zambian Ministry of Mines, Energy and Water Development is expected in due course.

The three blocks lie in the extensive and under-explored Luangwa Rift Valley which last saw exploration activities in the 1980's. The Luangwa valley comprises a major north-east to south-west trending rift basin and regional evidence suggests that the critical elements of a petroleum system are present. The initial exploration period includes a minimum committed work programme estimated at approximately $500,000.

Bowleven says in Kenya the airborne geophysical survey (FTG) over Block 11B is now largely complete and initial results are very encouraging. The high quality, high resolution dataset indicates the presence of a number of geological basins and provides clear imaging of primary structural features, facilitating a targeted 2D seismic programme. Planning for seismic operations and the associated tender process are ongoing. Acquisition of seismic is expected to commence in H1 2014.

Chief executive Kevin Hart said: "We are delighted to have potentially secured exploration acreage in Zambia, expanding our significant exploration portfolio beyond Cameroon and Kenya. We are also pleased that Block 11B continues to provide very encouraging results and we look forward to the commencement of the seismic programme."

What's this..?...the rise of the dead ?...

Let the trend be your friend...

Worth looking at...

Rightly or wrongly I'm still holding out that things will come good. Went through my stop loss too quickly, but at least a bit of positive activity finally.

Ready for the move forward, has reached floor last Friday, slowly moving forward

Things are looking better on the Indicators side, and even the closing Candlestick

Time this went up...but it never does....

Since highlighted last week 25th is going places
good volume the last couple days

Another good day and finishing with the "UT" 37p best of the day

and another good start of the day 38.50p and over 2M shares traded

How far can it go?

Will depend of the price buyers are ready to pay and also the market movement at the moment a bit off by the Ukraine problem, but next stage looks ready for the 44p, after 56p and so on.

volume at ........ http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=17701

Thank you.
Have they got the outstanding approval?

Interim Results Announcement

Bowleven, the Africa focused oil and gas exploration group traded on AIM, today announces its interim results for the six months ended 31 December 2013.

http://www.moneyam.com/action/news/showArticle?id=4782277

After the last false dawn this could be the time to invest (gamble) on BLVN's potential or the possibility of a take over.

43 million shares traded yesterday and volume sprightly this morning

I thought it was cheap at 65p. I am still quite optimistic and expect a good recovery.

Steady rise for the last few days, and today aswell, though the market is fallen into the clif

a steady rise for the last week, today has gone bullish on the MACD on crossing up 0

Regrettably I find myself invested in the same stock as MRSI. Hmmm