A little over a week ago I said that oilie BLVN (Bowleven) looked good value. Today it issued an IM-5 Preliminary Volumetrics Update stating the following:
IM-5 well, Block MLHP-7, Etinde Permit, Cameroon
Following assessment of the IM-5 well data, including logs, fluid samples, revised depth conversion and structure mapping, Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce a substantial increase to the Isongo Marine field (IM) in-place hydrocarbon volumes.
Highlights
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