We have now updated our model post the FY 2015 results and analyst presentation earlier this week. We have updated our NAV for the current resource level in Etinde (290mmboe 2C) and end June 2015 cash holding. We have also added in the two upcoming appraisal wells though removed resources for MLHP-5 and MLHP-6 as these licences are not being renewed. Overall our core NAV falls from 84p/share to 77p/share though our total risked NAV is steady moving from 112p/share to 113p/share. Our FY 2016 P
12 Nov 2015
Update post-FY 2015 results
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Update post-FY 2015 results
Bowleven plc (BLVN:LON) | 0.2 0 (-9.1%) | Mkt Cap: 3.77m
- Published:
12 Nov 2015 -
Author:
Daniel Slater, CFA -
Pages:
3
We have now updated our model post the FY 2015 results and analyst presentation earlier this week. We have updated our NAV for the current resource level in Etinde (290mmboe 2C) and end June 2015 cash holding. We have also added in the two upcoming appraisal wells though removed resources for MLHP-5 and MLHP-6 as these licences are not being renewed. Overall our core NAV falls from 84p/share to 77p/share though our total risked NAV is steady moving from 112p/share to 113p/share. Our FY 2016 P