Bowleven banks US$165 million as it completes its farm-out of its Etinde permit offshore Cameroon
By Amy MCLellan There is good news for followers of Bowleven plc this week as the Edinburgh-based company banked US$165 million as it completed its farm-out of its Etinde permit offshore Cameroon. The company, which with a market cap of around £108 looks undervalued, retains a material 20 per cent non-operated stake in the resource-rich…