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Since completing the Etinde farm-out in March 2015 Bowleven has been a horrific value trap. Over the last two years the company has received $180million in cash, but the board has been unable to deploy these funds in a value generative manner. Instead Bowleven’s share price has drifted ever lower, as the directors wasted over $80million with nothing to show for it. Shareholders must act now if they are to save what v

As editor of ShareProphets.com I coined the phrase the “Hart Discount”. This is the massive discount in Bowleven’s share price, which shareholders have suffered as a result of CEO Kevin Hart’s poor stewardship of the business. I expect to wax lyrical about Hart’s many leadership failings over the coming weeks, but there is one fact that cannot be denied. The market has zero faith in his ability to run this comp

Apart from the company’s miserable share price performance under the leadership of the current board, one of the biggest gripes Bowleven’s shareholders have is the board’s failure to deploy any of its huge war chest in a value–accretive manner. The last few years has seen the worst bear market in oil & gas in well over 30 years. And what has Bowleven’s board done? Nothing other than pursue an expensive fai

I first made contact with Crown Ocean in late August 2016. I met the principals of this private investment company in late September. I’ve since continued correspondence with them to learn more about their intentions towards Bowleven. Understandably, Crown Ocean has been cautious about sharing specific details of what it might have in mind for the company, meaning much of my analysis at this stage is educated guesswo