The Company’s focus is on Africa where it holds a combination of pre-development and exploration interests in Cameroon. The Group has a strategic equity interest in the offshore shallow water Etinde Permit (non-operated) in Cameroon.

The Etinde Permit (formerly block MLHP-7) was awarded an Exploitation Authorisation in July 2014 and is currently operated by NewAge. The Etinde appraisal drilling programme commenced in late May with the drilling of IM-6 and IE-4 appraisal wells completed in 2018. The JV partners are assessing options for a staged development of the liquids-rich discoveries on the acreage.

The Cameroon operations are managed through EurOil Ltd, a wholly owned subsidiary of Bowleven. EurOil has been operating in onshore and offshore Cameroon since 1999. It currently holds 25% equity interest in the Etinde Permit, offshore Cameroon.

Vision

Our vision is to deliver transformational shareholder value through monetisation of our discovered hydrocarbons whilst reducing corporate expenditure and managing risk. Bowleven aims to maximise the value of its assets so that it can be recognised and reflected in the share price, together with reducing corporate expenses and keeping the overheads low.

Through working with our partners to develop our assets and create value, adhering to a disciplined approach to cost, and ensuring a stringent application of risk processes, Bowleven strives to continue to deliver value to our shareholders and main stakeholders.

Group Structure

The current structure of the Group: