Cameroon: Bowleven board ousts old guard

Bowleven’s new board has consolidated its hold on the company with the replacement of chairman Billy Allan and has concluded a strategic review. “Having undertaken a review of all strategic options available to the company, [Bowleven] is committed to the rationalisation of its cost base, and the preservation and enhancement of its existing assets. In addition, the board does not expect to pursue any new exploration activity at the current time,” the company said.