Up 10% today any interest.

Just a few hours to raise 22m,take me longer to borrow 22,lol
cyril

Topped up this am,news could be on us 2 weeks?
cyril

Mentioned in yesterdays telegraph.
I'm hoping for news next week?
cyril

"....Named as one of BofA Merrill Lynch's preferred picks, Tullow put on 19p to 1,197p. Also benefiting from being picked as M&A contenders by the broker were Premier Oil, which made 33p to 1,915p, and BowLeven, gaining 8.5p to 357p, with their "unique sets of assets", in the North Sea and Cameroon respectively."

Summary of yesterdays AGM,looks like we wait another fortnight?
cyril

Bowleven promises active drilling campaign off West Africa coast
Mark Williamson

Share 16 Dec 2010

Bowleven is set for an exciting year in 2011 when the West Africa-focused oil and gas company hopes to maintain the good progress it made during 2010, investors were told.

Bowlevens chief executive, Kevin Hart, told the companys general meeting that it is well funded to continue with an active drilling campaign off Cameroon. Directors expect this will deliver big results.

Edinburgh-based Bowleven will continue appraisal work on the IE and IF finds on block seven off Cameroon in the hope of confirming that these discoveries are on a commercial scale.

If drilling goes well, Mr Hart believes Bowleven may be able to book reserves in respect of these finds in 2012.

Before reserves can be booked companies must establish that a find is big enough to be commercially viable, develop a plan to bring it into production and establish that the necessary work can be financed.

Bowleven will continue drilling the under-explored Douala basin, where it has made three finds in recent weeks with the Sapele well. The company expects to announce the final results by the end of 2010.

The strategy for this year and next is to really try to prove up the resource base on block seven and to get after the Douala basin, said Mr Hart.

He added that having won backing from Vitol the Swiss oil trader and raised $113m (72m) from investors through a placing that was completed last month, Bowleven has plenty of cash to fund an active work programme.

Terry Heneaghan, a former chief executive of Bowleven, told delegates at the meeting: I want to compliment Kevin and his team.

I think the work they have done is absolutely first class.

He said Mr Harts team seemed to have found the key to the complex geology of the region.

All resolutions at the AGM passed comfortably.

Have got small holding since 295p so am quite happy to continue to hold and hopr for more profit.,.

Look at them go today,381p,c;osed my t trade at 375p for a very handsome profit.
With news imminent,perhaps someone knows u know?
cyril

another good day here as you say cyril.,.

BB yes still got my long term positions,so although i sold early,very happy with this company. AGQ is also doing me pround with a large position in my ISA,making it a real bonus.
cyril

Nice chart.

Has all the signs of a leak,won'tmind though as if so, then it's positive?
cyril

http://thesharehub.com//?p=360

Thanks for that cyril.

Broken through 4 barrier.....onwards and up wards.,.

Can it break through and hold 4 today???

Well done everyone.

My 2nd success of the day,along with AAZ.

unfortunately short lived 4+ back to normal now.

Baeclays top tip for 2011.

Barclays note:

Bowleven for 11
In a sector based on the search for hitherto undiscovered value, with just 13% risked
upside potential, the sector appears to be starting the year on tight valuations. We
therefore re-iterate our 2-Neutral sector stance. In this context, we believe that
better value can be found in those companies where existing exploration has opened
a new door to underexplored areas, offering material upside, with the bonus of
further de-risked exploration. Hence, following its recent discovery in Cameroon,
Bowleven (1-OW, PT 500p) becomes our top pick for 2011, as we believe its new
Miocene play could provide a sweet exploration surprise. Afren (1-OW, PT 185p),
Tullow (1-OW, PT 15.75) and Premier (1-OW, PT 23.00) are our other key ideas
for the year.
Oil price to support valuations: Our macro outlook is positive; our oil price forecast for
this year is $90/bl, increasing to $100/bl in 2012. To this we see upside risk, which
could further underpin sector performance, in particular for those companies with
existing production.
Corporate activity to be less: M&A in 2011 is likely to be a recurring theme, but with
tightening valuations it may not provide the same tailwind as in 2010. However, a
sector catalyst is likely to be Cairns H1 11 potential redistribution, when c.$3bn of cash
could be looking for a new home within the sector.
Bowleven our top pick: Until recently, Bowleven had been confined to the realm of
sector specialists, but after its recent discovery offshore Cameroon, we believe it is now
ready for the wider generalist investor community looking for exploration-driven alpha
opportunities. Following the 2010 discovery, we think the company has opened up a
new play fairway, where similar exploration success could potentially be repeated. In
our view, its 2010 performance, up 191% in H2 10, should not be considered a
deterrent. As is often the case for E&P companies, the full value of a new geological play
takes time to be revealed. With potential upside on our estimates of 28% vs. a sector
average of 13%, Bowleven offers the highest upside in our E&P sector.
Afren, Tullow and Premier all 1-OW stocks: 2011 looks set to be a transformational
year for Afren (PT 185p), with the first oil in its Ebok field and with likely upward
revision of its reserves, exploration in West Africa (Ghana, Nigeria) and in East Africa
(Kenya), and possible new acquisitions in Nigeria. Tullow (PT 15.75) has finally
commenced its high-impact exploration programme, with 10 wells planned in West
Africa and Latin America, coupled with an ongoing appraisal campaign. We also expect
to see the resolution of its tax dispute in Uganda. Premier (PT 23), in the short term,
has a busy exploration schedule and we expect more positive newsflow from its
Catcher follow-on drilling programme.

Bowleven (BLVN)

Another performer from 2010, up from 180p to now 400p. Recent news on the Sapele-1 drill has confirmed further zones which just await confirmation plus the upside that they believed drilling further will discover even more oil. The market took it badly on an overall down day, but I believe it was fundamentally miss understood. Yes the drill is said to be in a sub-optimal location, but when the full results are in it will prove up the incredible licence area BLVN are drilling.

As it was said by someone much better than me: Make no mistake about it, the acreage BLVN are operating in is highly, highly prospective. These same geological plays have proven to be cash cows time and time again across the region. As most are aware, it was the cretaceous play (Jubilee) just up the street in Ghana that was the protagonist for Tullows leap into the FTSE100 index.

Here we are again, like GKP, talking billions instead of the usual millions up to 5-6 billion barrels. Potentially hugely exciting, this has further to go and is a long term hold (at least until they are taken over).

TOKYO, Feb 02, 2011 (Dow Jones Commodities News via Comtex) -- Cameroon expects its crude oil output to fall slightly in 2011 and then accelerate substantially in 2012, the country's minister of industry and mines said Wednesday.

Oil output in 2011 will fall to 22.1 million barrels, or just over 60,000 barrels a day, down from 65,000 barrels a day last year, Badel Ndanga Ndinga told an investment seminar.

However, for 2012 the government is forecasting output of 31.1 million barrels, or 85,000 barrels a day, due to "certain fields we've discovered which we'll put into production."

The minister and a team of officials are in Japan to publicise Cameroon's first oil and gas investment round since 2003, which comes in the wake of recent offshore discoveries in Cameroon waters and in nearby West African countries.

A lack of investment has resulted in a steady decline in Cameroon's output, from its peak in 1984 of 182,000 barrels a day.

Last year, Cameroon state oil company National Hydrocarbons Co. attributed declining output to the "combined effects of natural depletion of fields and ageing of production equipment, as well as deferment of several developmental projects."

The minister told Japanese oil executives that they needed to be aggressive if they wanted to compete for the blocks with other companies, including possibly from China and India.

Cameroon isn't thinking about joining its neighbor Nigeria in becoming a member of the Organization of Petroleum Exporting Countries, he said.

In the new round, a pre-selection of 10-15 companies is due to be made by Feb. 18, and formal bids will then invited between April and end-June, with the winners to be announced July 22, the roadshow was told.

Among the five oil and gas blocks included in the round are two that were ceded to Cameroon by Nigeria under an International Court of Justice in 2002 ruling, specialist industry newsletter Upstream reported recently.

On Jan. 10, U.K. oil and gas explorer BowLeven PLC (BLVN.LN) said it made further discoveries during drilling at the Douala basin off the coast of Cameroon, and increased its estimates for how much oil is in place at an earlier discovery called Deep Omicron.

It said there is now a 90% chance Deep Omicron contains 65 million barrels of oil and an outside chance it could contain as much as 430 million barrels. Earlier estimates ranged from 55 million barrels to 380 million barrels.

In November last year, another London-listed company, Victoria Oil & Gas PLC (VOG.LN), met Cameroon officials to request a production license to exploit gas reserves it had found in the onshore Logbada area, where it had been active since 2008.