Cameroon: New Bowleven board reviews options


Issue 343 - 31 Mar 2017 | 1 minute read

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.

Tagged with:

Pin Resources

Pin Cameroon

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register