Bowleven looks to be selling on news but opportunity beckons

After this morning's RNS which to me looks positive, although not "transformational", the Bowleven share price initially spiked up to 415p but profit taking has swiftly taken it down to its current  381p, down nearly 4% on the day. A case of "sell on the news". But I am taking this opportunity to top up my position since I believe there may be further good news to come with the sidetrack well. Current market cap is around £820 million, $1.2 billion, which implies that each barrel is valued at around $5 with potential upside. With crude selling for over $90 a barrel, looks a good share to tuck away for a few months.