By Nigel Somerville | Sunday 1 December 2019
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) issued its annual results to June 2019 on Friday morning and the headlines are not that great. In short, the Etinde asset off the coast of Cameroon has been written down by around a quarter and the path to possible commercialisation has been extended. In other words shareholders are being told they will have to wait longer and will get less than originally hoped for.
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