capital raising, page-59

Salty28,
well todays (admittedly modest positive) news on oil didn't do anything. Although most people here - I guess - are waiting on news on CSG.

I am concerned that this bot selling is continuing almost relentlessly. From memory this started over three weeks ago. Someone wants out and/or someone is shorting the stock. I would have expected a floor around 1.15.

Secondly the development of the production pilot seems to take more time and possibly more money then expected. Yes the wet weather has not helped, nevertheless the sentiment in the market is turning on BOW somewhat and BOW needs to manage investor expectations carefully.

I agree with other people here that the CR was badly timed and the current SP reflects this decision.

Having said this I have absolutely no doubt that the proving of reserves 3P and 2P will happen in time and as usual it is likely that BOW will over-deliver in this respect.