UK 21:32 Tuesday, 29 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Bowleven (BLVN) like so many other AIM oil companies has been a big disappointment to anyone who has invested longer term – including myself in the past! But if you’re looking to buy into any smaller oil companies at a time when the oil price is down around the $30 area that we are currently seeing, then it would be high on my list, and probably right at the top.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Bowleven (BLVN), Edenville Energy (EDL) and Reneuron (RENE), setting share price targets for all three stocks.
This morning Bowleven (BLVN) announced its full year results. The company has made excellent operational progress and its balance sheet remains strong. On 30 June Bowleven was debt free, had a cash balance of $145.3million (£96million) and the expectation of the equivalent of up to a further $80million investment under the terms of the Etinde farm out ($40million free carry in two appraisal wells and $40million in cash payments, subject to certain milestones). Although the cash balance will have been eaten into over the last 4 months, during which two exploration wells were drilled at Bomono, Bowleven is in rude financial health. So why does the market continue to punish its share price?
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Bowleven (BLVN), Daniel Stewart (DAN), Halosource (HALO) and offer some share price targets.
This morning, Bowleven (BLVN) delivered its latest in a string of positive RNSs and yet again the company’s share price has barely moved. Today’s encouraging news came from the oil encountered in the targeted reservoirs at the Zingana exploration well, in the Bomono exploration permit. Although Bowleven still needs to complete its evaluation of the wireline logs, the fact that it has suspended Zingana “pending further re-entry” is suggestive it is happy with what it has seen so far. Of course, this being Bowleven a degree of circumspection is definitely required, but how much more does the company have to do to prove its worth? Oh, how the market must hate this stock.
Has the oil market genuinely bottomed? This is the crucial question facing investors in the oil & gas sector, this summer. The Saudi-led price war on the United States’ “Fracking Boom” has been most disruptive. The collapse in the price of oil has played havoc across the industry. Globally, billions of dollars worth of projects and planned capital expenditure have been shelved or pulled entirely. Sentiment has been badly affected and worries persist about the long-term structural challenges still facing oil & gas companies. This is especially true for those listed on AIM, but if I had to pick one from the bunch my choice would be Bowleven (BLVN).
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
This morning, Bowleven (BLVN) announced completion of its Etinde farm-out. The company has received the initial $165million cash payment and expects to receive a further $5million for working capital. It is free carried for up to $40million of the costs of two appraisal wells at Etinde, on completion of which it is set to receive $15million cash. Beyond this there is the prospect of another $25million cash, contingent upon the Etinde Final Investment Decision. This all sounds great, so why isn’t the market rejoicing at this news?
Bowleven (BLVN) hasn’t exactly got a reputation for delivering news on schedule, but this really could be your last chance to get in before the next news.
I have history with Bowleven (BLVN). I invested heavily in the company back in 2009, during the depths of the market crisis when its shares could be bought for less than the cash on their balance sheet. 2009 was a very good year for crisis investors, although it didn't feel very good at the time.
Bowleven (BLVN) has been a great share to trade in recent months but now it is time to decide if you’re in or out. The share price has tended to settle into fairly defined ranges and myself, and others, have done very well trading these swings for 10% or so each time – far more profitable than just holding long term and too good an opportunity to miss as I know this share well.
