Search results for: Bowleven

81 results

A list of search results

  • 17 February 2017
    Business & Finance

    The battle of words between Bowleven, an Africa-focused oil and gas company, and Crown Ocean Capital (COC), its largest shareholder, rages on as Bowleven issued a rebuttal on Friday to claims made by COC earlier this week.  The Monaco-based activist investor, which now holds 16.2% of Bowleven, in January proposed two new, fully independent directors and a reduced board size […]

  • 29 February 2012
    Business & Finance

    Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring options to purchase all Bowleven’s shares, in order to expand its […]

  • 4 October 2010

    Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that it has entered into a revised option agreement with Vitol E&P Limited (Vitol) in respect of the Etinde Permit (Etinde), offshore Cameroon. Under the agreement, which replaces the previous option arrangement, Vitol have an option to acquire […]

  • 15 September 2010

    Bowleven, the West Africa focused oil and gas exploration group listed on AIM, announced that on 14 September 2010 it commenced drilling operations on the Sapele-1 exploration well on block MLHP-5, Etinde Permit, offshore Cameroon. The targets of the Sapele-1 exploration well are a series of stacked reservoir objectives, from the proven Miocene fairway down […]

  • 15 July 2014
    Business & Finance, Project & Tenders

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced that it has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm-out transaction announced on 24 June 2014. The termination agreement is subject to completion of the farm-out. […]

  • 22 March 2017

    Following a recent boardroom row, the UK-based oil and gas company Bowleven has launched a strategic review, which might include the sale of its assets or the sale of the entire company.  Just last week, most of the company’s board was ousted in a vote called for by the Monaco-based activist shareholder, Crown Ocean Capital (COC), which […]

  • 24 July 2011
    Business & Finance

    Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces the departure of John Morrow, Group COO, for personal reasons. Following a hand over period, Non Executive Director, Phil Tracy, who has extensive operations experience, will assume the role of Operations Director on an interim basis. Commenting on the decision, Ronnie […]

  • 22 July 2011

    Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces the departure of John Morrow, Group COO, for personal reasons. Following a hand over period, Non Executive Director, Phil Tracy, who has extensive operations experience, will assume the role of Operations Director on an interim basis. Commenting on the decision, Ronnie […]

  • 27 October 2014
    Project & Tenders

    Bowleven has received notification from the Ministry of Mines of the Cameroon Government’s approval of the assignment of the Etinde equity interests to LUKOIL/NewAge, and the associated transfer of operatorship to Camop.  As a result of the Government’s official approval, the only remaining formality to transaction completion under the Etinde farm-out agreement announced with LUKOIL/NewAge on 24 June […]

  • 15 March 2017
    Business & Finance

    Following a general meeting on Tuesday, March 14, most of the board of the UK-based oil and gas company with African assets, Bowleven, has been ousted from the company. The general meeting was requested by the Monaco-based private investment vehicle, Crown Ocean Capital (COC), to propose extensive changes to the company’s board. Ahead of the meeting, Bowleven continuously urged […]

  • 17 February 2012
    Business & Finance

    Bowleven, a West Africa focused oil and gas company, based in Edinburgh saw its shares rise some 70% driven by speculation of a possible takeover by Dragon Oil. The shares  rose to 133.67  pence at 12:18 GMT, which represents a five month high. Dubai based, Dragon Oil released a statement in which it says that […]

  • 6 November 2012

    Petrofac and Bowleven, the Africa-focused oil and gas company, have agreed a strategic alliance to support the proposed development of the Etinde Permit, offshore Cameroon. Under the terms of the strategic alliance, which is subject to Bowleven shareholder approval, Petrofac will provide engineering capability to Euroil, Bowleven’s Cameroonian subsidiary, to support the delivery of a […]

  • 26 November 2012

    Bowleven, the Africa focused oil and gas exploration group, has submitted the formal Etinde Exploitation Authorisation Application (EEAA) to the Cameroon authorities as planned. This formal EEAA submission follows an earlier draft supplemented with in-country workshops with Société Nationale des Hydrocarbures, the national oil company of Cameroon, to support the application. The submission represents a further […]

  • 16 December 2013

    John Brown has today given notice of his resignation as Finance Director of Bowleven. It is currently envisaged that the effective date of the resignation will be early in the new year.   Brown, aged 49, joined Bowleven as Finance Director in 2004 and following his resignation will assume the position of CFO for an […]

  • 8 February 2017
    Business & Finance

    Bowleven plc, a UK-based oil and gas company with African assets, has urged its shareholders to oppose attempts made by the Monaco-based private investment vehicle, Crown Ocean Capital (COC), and a shareholder in the company, to take control of Bowleven.  Following its requisition of a General Meeting, issued on 24th of January, COC has continued […]

  • 19 November 2015
    Business & Finance

    Bowleven, an independent oil and gas exploration company focused on Africa, has moved a step toward entering the gas market in Tanzania. The company, which owns assets in Cameron, Kenya and Zambia, said it has signed a conditional heads of terms with Aminex to buy a 25 percent interest in the soon to be producing […]

  • 30 March 2017
    Business & Finance

    Following a recent boardroom shuffle whereby most of Bowleven’s board members were ousted, the company informed that Billy Allan, the last remaining member from the previous lineup, has also resigned.  At a general meeting of the company in mid-March, requested by the Monaco-based activist shareholder Crown Ocean Capital (COC), five directors were voted out of […]

  • 30 March 2012
    Business & Finance

    Bowleven, the African focused oil and gas company, traded on AIM, today announces the completion of the sale of its entire equity interest in the EOV Permit, offshore Gabon, to Perenco SA for a cash consideration of $35 million plus a  working capital adjustment.  The transaction involves the sale of GGPC Gabon (EOV) Limited (“GGPC”), […]

  • 27 November 2017
    Business & Finance

    Bowleven’s chief operating officer (COO) has decided to retire from his role with immediate effect.

  • 24 June 2014
    Business & Finance

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL and NewAge. Bowleven will reduce its interest in the Etinde permit from 75% to 25% and receive aggregate consideration […]

  • 3 October 2016

    Bowleven, the Africa focused oil and gas exploration group, has received the $15 million cash proceeds payable under the Etinde farm-out transaction with Lukoil and NewAge. The Etinde Permit lies in a shallow water offshore Cameroon, adjacent to the coast. Bowleven said on Monday that, as at September 30, 2016, the company had circa $100 […]

  • 5 May 2015
    Business & Finance

    Bowleven, an independent exploration and development company focused on Africa, announced that Chief Tabetando and Peter Wilson will both step down from the Board, and that John Martin has been appointed as a Non-Executive Director. The company said that these changes were made following the recent completion of the Etinde farm-out transaction and associated transfer […]