REG - BowLeven Plc - Preliminary Results Announcement <Origin Href="QuoteRef">BLVN.L</Origin> - Part 2

BowlevenAnnouncement

08/11/2016 07:06

- Part 2: For the preceding part double click  ID:nRSH5521Oa 

                                                                                                                                                                                                                           
 Bomono Permit                              the production sharing contract between the Republic of Cameroon and EurOil Limited, dated 12 December 2007, in respect of the area of approximately 2,328km² comprising former blocks OLHP-1 and OLHP-2 onshore Cameroon; or, as the context may require, the contract area to which that production sharing contract relates                      
 Bowleven                                   Bowleven plc (LSE: BLVN) and/or its subsidiaries as appropriate                                                                                                                                                                                                                                                                                     
 Bowleven (Kenya) Limited / Bowleven Kenya  Bowleven (Kenya) Limited, an affiliate of the Company, incorporated in Scotland                                                                                                                                                                                                                                                                     
 Companies Act 2006 ('the Act')             the United Kingdom Companies Act 2006 (as amended)                                                                                                                                                                                                                                                                                                  
 Company                                    Bowleven plc                                                                                                                                                                                                                                                                                                                                        
 contingent resources                       those quantities of hydrocarbons that are estimated to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable                                                                                                                                                                   
 EA                                         Exploitation Authorisation                                                                                                                                                                                                                                                                                                                          
 EAA                                        Exploitation Authorisation Application                                                                                                                                                                                                                                                                                                              
 E&P                                        exploration and production                                                                                                                                                                                                                                                                                                                          
 Etinde Permit                              the Etinde Exploitation Authorisation (EA) area. The Etinde EA, granted on 29 July 2014, covers an area of approximately 461km² (formerly block MLHP-7) and is valid for an initial period of 20 years. Currently SNH have exercised their right to back into this licence, but this is subject to completion                                       
 FID                                        final investment decision                                                                                                                                                                                                                                                                                                                           
 First Oil                                  First Oil Expro Limited, a private UK independent exploration and production company based in Aberdeen. On 19 February 2016 First Oil went into administration                                                                                                                                                                                      
 FLNG                                       floating liquefied natural gas                                                                                                                                                                                                                                                                                                                      
 G&A                                        general and administration                                                                                                                                                                                                                                                                                                                          
 GIIP                                       gas initially in place                                                                                                                                                                                                                                                                                                                              
 Group                                      the Company and its direct and indirect subsidiaries                                                                                                                                                                                                                                                                                                
 IFRS                                       International Financial Reporting Standards                                                                                                                                                                                                                                                                                                         
 IM                                         the Isongo Marine Field area, block MLHP-7, Etinde Permit                                                                                                                                                                                                                                                                                           
 km²                                        square kilometres                                                                                                                                                                                                                                                                                                                                   
 LNG                                        liquefied natural gas                                                                                                                                                                                                                                                                                                                               
 LUKOIL                                     LUKOIL Overseas West Project Ltd, a subsidiary undertaking of OAO LUKOIL                                                                                                                                                                                                                                                                            
 mmboe                                      million barrels of oil equivalent                                                                                                                                                                                                                                                                                                                   
 mmscfd                                     million standard cubic feet of gas per day                                                                                                                                                                                                                                                                                                          
 NewAge                                     New Age (African Global Energy) Limited, a privately owned oil and gas company                                                                                                                                                                                                                                                                      
 ordinary shares                            ordinary shares of 10p each in the capital of the Company                                                                                                                                                                                                                                                                                           
 PEA                                        provisional exploitation authorisation                                                                                                                                                                                                                                                                                                              
 PSC                                        production sharing contract                                                                                                                                                                                                                                                                                                                         
 P50                                        50% probability that volumes will be equal to or greater than stated volumes                                                                                                                                                                                                                                                                        
 P90                                        90% probability that volumes will be equal to or greater than stated volumes                                                                                                                                                                                                                                                                        
 Q1, Q2 etc.                                first quarter, second quarter etc.                                                                                                                                                                                                                                                                                                                  
 SNH                                        Société Nationale des Hydrocarbures, the national oil and gas company of the Republic of Cameroon                                                                                                                                                                                                                                                   
 tcf                                        trillion cubic feet                                                                                                                                                                                                                                                                                                                                 
 US                                         United States of America                                                                                                                                                                                                                                                                                                                            
 2D                                         two dimensional                                                                                                                                                                                                                                                                                                                                     
 $ or US Dollars                            United States of America Dollars                                                                                                                                                                                                                                                                                                                    
 £ or GB Pounds                             Great Britain Pounds Sterling                                                                                                                                                                                                                                                                                                                       
 
 
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