Bowleven’s board of directors has approved a special dividend of 15p/share or almost £50 million. This follows the completion of a two well drilling programme offshore Cameroon in the fourth quarter of 2018 and recognises that the US$80 million of cash and financial instruments held by the Company at the end of November should be more than sufficient to progress the Etinde project to a Final Investment Decision (FID), when Bowleven will be entitled to receive an additional US$25 m
11 Jan 2019
Returning capital to shareholders
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Returning capital to shareholders
Bowleven plc (BLVN:LON) | 0.2 0 0.0% | Mkt Cap: 2.83m
- Published:
11 Jan 2019 -
Author:
Richard Slape -
Pages:
2
Bowleven’s board of directors has approved a special dividend of 15p/share or almost £50 million. This follows the completion of a two well drilling programme offshore Cameroon in the fourth quarter of 2018 and recognises that the US$80 million of cash and financial instruments held by the Company at the end of November should be more than sufficient to progress the Etinde project to a Final Investment Decision (FID), when Bowleven will be entitled to receive an additional US$25 m