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?

two recent rns,directors buying,getiing better all the time.

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BowLeven Plc
03 July 2007

3 July 2007


Bowleven plc ('Bowleven' or 'the Company')

Operational update : D-1 Well test results

'Significant discovery in Block 5 Cameroon'.


Bowleven plc announces it has successfully completed the testing of its
D-1exploration well located in Block MLHP 5 of the Etinde Permit in the Douala
Basin, offshore Cameroon.


The well was targeting a Miocene turbidite channel prospect similar to that
found by Noble Energy at its neighbouring Belinda discovery. The D-1 prospect
comprises multiple turbidite channel sands, only one of which was intersected
and tested by the current well.


The well tested both gas and condensate from interbeded high quality sands over
a gross measured interval of 75 ft. and flowed at a stable constrained rate of
25 mmcfd and 1400 bcpd (approx 5,570 boepd) through a 1' choke.


The D-1 well was the second successful well of Bowleven's current drilling
campaign with the Adriatic VI rig. The first well, IE-2, was drilled in the Rio
Del Rey Basin as a successful appraisal of the IE field. The rig will now be
moved to the IF-1 location to drill an exploration well to test a structure
updip of the IE field. After completion of this third well the rig will be
released due to timing constraints under the drilling contract.


Commenting on the discovery Kevin Hart, Bowleven CEO, said:


'I'm delighted with the result of our first well in the relatively unexplored
Douala Basin. Whilst the discovery will require further appraisal, I'm extremely
excited by the potential highlighted by, both our and Noble Energy's, recent
discoveries in the area. The numerous similar Miocene prospects on the acreage
together with the deeper Eocene potential combine to make this a very exciting
province.'


John Morrow, Chief Operating Officer of BowLeven plc, a member of the Society of
Petroleum Engineers who holds a C.Eng, is the qualified person that has reviewed
and approved the technical information contained in this announcement.



ENQUIRIES


For further information contact:


Bowleven plc
Kevin Hart, Chief Executive Officer 00 44 131 524 5678

Brunswick Group LLP
Patrick Handley 00 44 207 404 5959
Deborah Spencer

Hoare Govett Limited 00 44 207 678 8000
Andrew Foster


Notes to the Editor:


Bowleven is an African oil and gas group, based in Edinburgh and traded on AIM
since December 2004.


Bowleven holds, through its wholly-owned subsidiary EurOil Limited, a 100%
equity interest in the Etinde Permit area being three shallow water blocks in
offshore Cameroon, West Africa; namely Blocks MLHP 5, MLHP 6 and MLHP 7. In
total Bowleven has approximately 2,300 km2 of exploration acreage located across
the Rio del Rey and Douala basins in the Etinde Permit. Bowleven has operated in
Cameroon since 1999.


The Cameroon Government has announced a cooperation agreement with the
Government of Equatorial Guinea to investigate a project to export gas from
Cameroon to the gas liquefaction plant on Bioko Island on Equatorial Guinea. It
is proposed that Limbe would be the gathering hub for any such scheme.


Bowleven also holds, through its wholly-owned subsidiary FirstAfrica Oil, a 100%
equity interest in the EOV offshore block in Gabon, which contains an existing
oil discovery that it is seeking to develop, and a 50% equity interest in the
Epaemeno Block which is 1,340 km2 of exploration acreage in onshore Gabon which
sits next to a number of recent discoveries in surrounding blocks.




This information is provided by RNS
The company news service from the London Stock Exchange





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2006 MoneyAM

Its not just Kevin Hart thats thrilled,so am i !!!!!.

"BowLeven Plc (BLVN LN) climbed 8 pence, or 3.5 percent, to 234. Shares of the explorer for oil and gas in Africa were recommended as ``buy'' in new coverage at ABN Amro Holdings NV. ``We believe BowLeven represents a balanced play on West Africa at an attractive valuation,'' the bank wrote in a research note"

Breakout

more than 20 million tades already...........whats up?

Suntera Resources placed their entire holding of nearly 10m shares @ 215p per share.
2517

Suntera paid 245p for some of their stake, 11m investment in June 06 for 4.4m shares. how much they paid for the remainder I don't know.

Getting a little cheesed off with this co. Had three goes at breaking out of 240 level without success. I guess 300p was too optimistic a target. MMs managed to get it right back to 170 in last shake out so not sure what comes next.....

bonfield,
looks like we got the 300p,lets hope it sticks,lots of buying,news must be on its way.

300pence+ now,
This is on the up now,al the recent intitutional buying a plus.

This is motoring on very well now,400p ?,
Anyone else still holding?

Still holding and hoping for 400+. Need over 500 to breakeven
Originally aquired my holding via my original investment in First Africa. Not holding too many shares but still a long way off the original investment cost. Will hang on for the long haul.

2 year high today, 400p this week ?

Watching and waiting to buy in i think it will fall further under the pound mark.

FoxDavies views from the trading floor - Bowleven
Tuesday, January 17, 2012

Bowleven once the darling of the sector, jumped 7% in trading to 84.5p on 3 times the average daily volume as retail investors continued to speculate that a drilling update was due. Recent press speculation has continued to put Bowleven in the frame for a potential takeover. Nothing concrete has materialised from the speculation as of yet, but we are firm believers of 'there is no smoke without fire' We will be monitoring the movements of this one very closely.

Dragon Oil pondering offer for Bowleven
StockMarketWire.com
Turkmenistan-based oil firm Dragon Oil (LON:DGO) notes the recent movement in Bowleven's (LON:BLVN) 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.

At 11:49am:
(LON:BLVN) BowLeven share price was +35.88p at 109.88p
(LON:DGO) Dragon Oil share price was -12.25p at 531.75p

Dragon Oil plc. ("Dragon Oil")

17 February 2012

Possible offer for Bowleven Plc ("Bowleven")

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.

In accordance with Rule 2.6(a) of the Code, Dragon Oil is now required, by not later than 5.00 p.m. on 16 March 2012, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Reuters
LONDON, Feb 17 (Reuters) - Oil firm Dragon Oil (Xetra: 877789 - news) said it was considering making a takeover offer for Bowleven (LSE: BLVN.L - news) , a British company with assets in Cameroon, in a move which would form part of a long-stated plan to expand beyond its Turkmenistan production base.

"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," Dragon said in a statement on Friday.

Shares in Bowleven soared 65 percent to 122 pence at 1150 GMT, on news that Dragon was considering an approach, exceeding earlier gains of around 18 percent on takeover rumours before Dragon announced its interest.

Dubai-headquartered Dragon has expressed its intention over the last year to expand its reach beyond Turkmenistan, where 100 percent of its production is based.

Analysts at Bank of America Merrill Lynch said on Wednesday that the company would look to use its $1.4 billion cash pile to make acquisitions while management have indicated that they would look at deals in the range of $200 to $500 million.

At 122 pence per share Bowleven, which has discovered an oil field off the coast of Cameroon, has a market capitalisation of 359 million pounds. (Reporting by Sarah Young; editing by Rhys Jones)

Pretty obvious that DGO reckon that a very large oil accumulation lies in that Sakele well and all over that area....