Bowleven is an Africa focused oil and gas group, based in Edinburgh and traded on AIM. It holds significant equity interests in onshore and offshore exploration acreage in Cameroon and onshore acreage in Kenya.
Bowleven holds a 75% equity interest in the Etinde Permit, offshore Cameroon. The acreage (approx. 2,316km2) is located across the Rio del Rey and Douala basins and has both contingent resources and very attractive exploration potential. Bowleven also holds a 100% equity interest in the Bomono Permit, onshore Cameroon, covering approx 2,328km2 in the Douala Basin. Both permits are operated by Bowleven through its wholly owned subsidiary EurOil Limited.
In September 2012 Bowleven entered into a farm-in agreement to acquire a 50% equity interest in exploration block 11B, onshore Kenya. The block, covering approx. 14,000km2 is to the north of the Lokichar Basin where a significant oil discovery (Ngamia-1 well) has been made. Completion of the farm-in is subject to normal approval from the Kenyan authorities.
The Group has a strong and experienced management team with first-class technical expertise and a track record of successfully finding, financing and delivering oil and gas projects to market.