Cameroon: New Bowleven board reviews options
Issue 343 - 31 Mar 2017
Bowleven’s new board has announced a strategic review amid confusion following the removal of chief executive Kevin Hart and four directors on 14 March (AE 342/1). A company statement said options included farm-outs, asset sales or a merger or sale to a third party. Activist shareholder Crown Ocean Capital has called another shareholders’ meeting with the aim of removing chairman Billy Allan and appointing two further directors, Panoro Energy’s non-executive chairman, Julien Balkany, and former Petroceltic managing director Egypt, Bulgaria & Italy Didier Lechartier.
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