Bowleven plc Response to Share Price Movement (7221G)
21 Juillet 2023 - 8:00AM
UK Regulatory
TIDMBLVN
RNS Number : 7221G
Bowleven plc
21 July 2023
21 July 2023
Bowleven plc
('Bowleven' or 'the Group' or 'the Company')
Response to Share Price Movement
Bowleven (AIM: BLVN), the Africa focused oil and gas,
exploration and production company with key interests in Cameroon,
notes the recent movement in the price of its shares and confirms
that it is not aware of any particular reason for the sudden
increase.
In its interim results statement on 30 March 2023, the Company
noted that it had been considering its fundraising options and
expects to seek to raise additional equity capital in 2023 to help
to finance the Group's ongoing corporate activities and to assist
financing its share of the future expenditure as the Etinde project
progresses towards FID. Planning for an equity fundraising has
continued since then but is not yet at an advanced stage and there
can be no certainty that a fundraising will be concluded, nor as to
the structure or terms of any such fundraising. The Company
continues to await the completion of the sale by New Age of the
37.5% stake in Etinde to Perenco and understands that this
continues to be progressed by both parties.
ENQUIRIES
For further information, please contact:
Bowleven plc
Eli Chahin, Chief Executive 00 44 203 327 0150
Camarco (Financial PR)
Owen Roberts
Charlotte Hollinshead
Hugo Liddy 00 44 203 757 4980
Shore Capital (NOMAD and Broker)
Robert Finlay 00 44 20 7408 4090
Daniel Bush
Angus Murphy
A copy of this announcement is available on the Bowleven website
www.bowleven.com
Notes to Editors:
Bowleven plc is an African focused oil and gas group, based in
London and traded on AIM. It is dedicated to realising material
shareholder value from its Etinde asset in Cameroon, whilst
maintaining capital discipline and employing a rigorously selective
approach to other value-enhancing opportunities. Bowleven holds a
strategic equity interest in the offshore, shallow water Etinde
permit (operated by New Age) in Cameroon.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
SPMKBLFLXDLLBBF
(END) Dow Jones Newswires
July 21, 2023 02:00 ET (06:00 GMT)
Bowleven (AQSE:BLVN.GB)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Bowleven (AQSE:BLVN.GB)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024