JP Jenkins Ltd Thrive Renewables Plc 2024 Half Year Results for the period ended 30 June 2024 02-Oct-2024 / 07:00 GMT/BST The issuer is solely responsible for the content of this announcement. 2nd October 2024 THRV:JPJ ISIN: GB00BYS30W00 Thrive Renewables Plc 2024 Half Year Results for the period ended 30 June 2024 New funding secured and good progress on wind, solar and hydro assets Renewable energy investment company, Thrive Renewables plc, is pleased to share its Half Year Results for the period ended 30 June 2024. Financial highlights: Operating profit increa...
JP Jenkins Ltd Bowleven plc shares now trading on JP Jenkins 24-Sep-2024 / 07:30 GMT/BST The issuer is solely responsible for the content of this announcement. 24th Sept 2024 JPJ: BLVN ISIN: GB00B04PYL99 Bowleven plc (BLVN) ("Bowleven" or "the Company") Shares now trading on JP Jenkins London, UK, 24th Sept 2024 – Bowleven plc (JPJ:BLVN), is an oil and gas company, incorporated in Scotland in 2001 and has its registered office in Edinburgh, Scotland and its head office in London, UK today announces its shares have been admitted to trade on JP Jenkins share dealing pl...
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price NOK52 per share: All eyes on EG – 1H24 production was 9,168 bbl/d. EG and Gabon production had already been disclosed. 1H24 production in Tunisia was 1,670 bbl/d (we forecasted 1,760 bbl/d) given subdued activities. In EG, the first infill well encountered the primary and secondary reservoirs in line with expectations. Production is expected to begin early September. The second infill well is expec...
22nd July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to co...
The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.
Bowleven has released its FY 2023 results, reiterating both the expectation that New Age’s sale of its operated interest the Etinde project to Perenco will close going forward, and that the company remains in need of further funding over the coming months to support anticipated increased Etinde spending and G&A
AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; target price of C$0.45 per share: Transactions repriced on more attractive terms – Criterium has renegotiated the terms of the Mont d’Or (MOPL) acquisition. Criterium will now assume only ~US$25.5 mm of debt rather than ~US$37 mm previously. A US$4.8 mm payment to the lenders and the conversion of US$4.9 mm of debt into equity (US$2.5 mm on completion of the acquisition plus US$2.4 mm in 2025) reduce further...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Bowleven’s (BLVN) management and board have changed significantly recently, with only the COO (David Clarkson) surviving from the shakeup since the general meeting in March 2017. The new management has slimmed down the company, reducing the headcount from 18 to five (resulting in monthly G&A costs falling from $0.6m to $0.35m), albeit at an immediate cost of $3-4m. The management continues to engage with the JV and the Cameroon government to seek a development concept at Etinde acceptable to all...
The general evaluation of BOWLEVEN PLC. (GB), a company active in the Exploration & Production industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 28, 2017, the closing price was G...
The results of the Bowleven general meeting (GM) were released this morning, with eight of the nine resolutions passed. This has led to the removal as directors of all but two of the board: the chairman Billy Allan and COO David Clarkson. They are joined by two additions proposed by Crown Ocean Capital: Eli Chahin and Christopher Ashworth. The results of the votes were all close run, with between 49.4% and 54.8% voting for. Given this, and the split board, we are unsure as to the near-term futur...
Bowleven’s (BLVN) farm-out with Victoria Oil and Gas (VOG) is probably the quickest route to market for Bomono gas. While BLVN has had to sacrifice 80% of its interest in the block, the deal allows gas to be sold to Victoria’s existing network of customers at a gas price significantly above that expected from other solutions with very little further capex required in the near future. On our estimates, 7mmscfd of production should bring in around $6-7m in direct revenues and royalties, correspond...
December and January have seen the emergence of shareholder activism at Bowleven (BLVN), bringing its strategy and management into greater focus. Its largest shareholder (Crown Ocean Capital, COC) evolved from being a supportive shareholder to voting against a number of resolutions at the December AGM, to recently calling for the widespread removal of the board and a radically different company structure. Operationally, the company reports that a new development concept is under review by the st...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Bowleven’s year-end results brought few surprises. The company remains in a very strong cash position, with $99m on the books in October (and a $40m net drilling carry still outstanding). Reductions in G&A mean it should be able to retain this advantaged position for some time until a resolution is reached on the way in which its key Etinde asset will be developed. In the nearer term, Bomono should provide cash flows once bureaucratic delays are resolved. Discussions between the government and t...
Bowleven’s proposed $10m buyback of its shares shows management’s confidence in the value of its asset base and strength of balance sheet. With shares regularly trading near cash levels (and at a material discount to core NAV), the proposed $10m buyback would be accretive for NAV/share while not reducing the company’s cash position materially (given an additional $15m cash injection is expected in September) or limiting its ability to execute on its strategy. We have made a number of changes to ...
Bowleven’s (BLVN) interim announcement gave little new news, although the confirmation that the appraisal wells may not be drilled until 2017 has affected the shares. Although disappointing, this delay has a very minor effect on valuation and will still enable the new operator (NewAge) to take advantage of low rig rates. At Bomono, the company is working with the government to progress the BEAA to enable a small gas-to-power scheme, producing useful cash flows. We have adjusted modelling sligh...
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