There’s been quite a few noises from the blogship requesting any filips of information/market chatter re the IE3 appraisal well. Over the last 5/6 months Bowleven have risen approx’ 60p. Currently they are charging ahead. As of today news is awaited. Market sentiment is certainly with this company if the multi-stack discoveries prove to be substantial then we here expect a huge spike on the news.(Remember Bowleven are not a one trick pony they have other interests which will help to flesh out the sp when good news comes from IE3).
Due to the rns of 30/07/2010 my hands are rather tied. But i can certainly tell you that JPMorgans’ recent hike in their holding is an indicator of where we see this sp going. Upwards.
How high? Well 700p is rather pushing the boat out. But targets/notes here indicate 300p/400p on positive news from Bowleven. Seen here and commented by one well placed individual as a “potential African giant”.
Hold for news indications are that news will be positive.