Cameroon: Bowleven board ousted

Activist shareholder Crown Ocean Capital has ousted most of Bowleven’s board of directors, casting doubt on a farmout agreement for Victoria Oil & Gas (VOG) to take 80% in the onshore Bomono permit.Crown Ocean has said the deal announced on 6 March, which would enable gas from Bomono to be sold within VOG’s distribution network, “will not remotely recover for shareholders the more than $100m so far spent on the Bomono project”.