Bowleven has announced its interim results for the six months to 31 December 2018. The accompanying statement reveals that the Company retains over US$15 million in cash and financial investments. This should be more than sufficient to fund Bowleven through to a final investment decision on the Etinde permit offshore Cameroon, when it is due to receive an additional US$25 million from its partners. In the meantime, we maintain our Buy rating and 32p/share price target.
