The problem is that the rate at which Bowleven is using cash will see it run out “most likely before summer 2024”.
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Bowleven has warned that the final investment decision (FID) for Etinde is expected in late 2022 but that it will need to raise financing.
Partners on Cameroon’s Etinde have warned that costs to develop would be much higher than initially thought and exports via Equatorial Guinea may be the answer.
A final investment decision for the Etinde project in Cameroon has slipped once more, with Bowleven now tipping 2022.
A final investment decision (FID) on Cameroon’s Etinde project is now expected in mid-2021, junior partner in the venture Bowleven has reported.
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
Partners in Cameroon’s Etinde project have signed a non-binding letter of intent (LoI) to supply gas to Victoria Oil & Gas, which is facing a tough time with some of its onshore operations.
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
West-Africa-focused Savannah Petroleum has appointed former BP manager David Clarkson as its chief operating officer.
Morocco-focused gas firm Sound Energy has hired Bowleven's former chief operating officer as a non-executive director.
The drilling of two appraisal wells will start soon on the Etinde field in Cameroon, a project partner said today.
Africa-focused oil firm Bowleven has posted its first set of first half-year figures since flitting from Scotland to London.
Scottish oil and gas explorer Bowleven said today that a rig has been contracted for the Etinde field in Cameroon.
One of Bowleven's management team has left his position at the Edinburgh-based oil firm.
Bowleven has appointed an acting chief executive to fill the boots of Kevin Hart, a former Ellon academy pupil who left the firm after a boardroom revolt last month.
Bowleven’s under-fire chairman has resigned as a director of the troubled Scottish oil and gas explorer.
Bowleven’s former boss confirmed yesterday that he was no longer involved with the turmoil-hit Scottish oil explorer following his ousting earlier this month.
Boardroom turmoil at troubled Scottish oil explorer Bowleven took a new twist last night, when the company launched a “strategic review of all options”.
The activist investor behind this week’s boardroom coup at Bowleven has called for another vote to get rid of the Edinburgh-based firm’s chairman.
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, were ousted in a shareholder revolt yesterday.
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, have been ousted in a shareholder revolt.
The Aberdeenshire-educated boss of Scottish oil explorer Bowleven is on the brink of quitting after realising it is “game over” for the firm’s board in its power struggle with an activist investor, a report said yesterday.
Under-fire Bowleven said today that it had agreed to farm out a large stake in its onshore licence in Cameroon to another London-listed firm.
A third corporate governance services firm has backed Bowleven’s board members in their quest to keep control of the Scottish oil explorer.