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Bowleven – Etinde IE-4 well spudded

By Nigel Somerville | Saturday 1 September 2018


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Bowleven (BLVN) had been making me look like a genius since I tipped in at Christmas at around 31p. The shares rattled all the way up to 40p as the first of two drills off Cameroon at the Etinde prospect commenced, only to collapse down as low as 27.5p when the drill failed. Yesterday the partners announced that the second drill had commenced. All of a sudden the shares are back up at 33.8p – not quite 40p, but a lot better that 27.5!

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