Cameroon-focused Bowleven installed a new leadership team in 2017. Costs have been cut substantially following this change and the Company is now focused on the monetisation of the Isongo Marine discovery on the offshore Etinde permit. A two-well appraisal drilling campaign will seek to define and increase the size of the field ahead of development. Although this exciting programme is not certain to succeed, we believe the shares risk / reward profile is skewed in investors favour at the curr
10 Apr 2018
Monetising existing resources
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Monetising existing resources
Bowleven plc (BLVN:LON) | 0.2 0 (-25.0%) | Mkt Cap: 2.83m
- Published:
10 Apr 2018 -
Author:
Richard Slape -
Pages:
17
Cameroon-focused Bowleven installed a new leadership team in 2017. Costs have been cut substantially following this change and the Company is now focused on the monetisation of the Isongo Marine discovery on the offshore Etinde permit. A two-well appraisal drilling campaign will seek to define and increase the size of the field ahead of development. Although this exciting programme is not certain to succeed, we believe the shares risk / reward profile is skewed in investors favour at the curr