Investment in Company

BowLeven Plc
03 July 2006

3 July 2006



                 BowLeven Plc ('BowLeven' or 'the Company')

                         Investment in the Company



The Board of BowLeven, the Cameroon-focused oil & gas company listed on AIM, is
pleased to announce that it has entered into an agreement with Suntera Resources
Limited ('Suntera') whereby Suntera will make an investment of approximately
£10.9 million in BowLeven through the issue of new ordinary shares.  Suntera has
also offered to provide its knowledge and expertise to BowLeven and to assist in
identifying possible joint exploration and production opportunities in the
Company's principal sphere of operation.



BowLeven has agreed to issue 4,438,000 new ordinary shares of 10p each to
Suntera at a price of 245.36 pence per ordinary share with such allotment
conditional upon those shares being admitted for trading on AIM.  This price is
at a premium of 8.6 per cent. to the BowLeven closing mid-price on Friday 30
June 2006.



The investment represents 13.0 per cent. of the entire issued share capital of
the Company following the investment.  The full consideration of £10,889,076.80
million is to be satisfied in cash.  Application will be made for the new shares
to be admitted for trading on AIM, and it is expected that admission will take
place on 12 July 2006.



Suntera is a joint venture owned 50 per cent. by SUN Energy Limited and 50 per
cent. by ITERA Oil & Gas LLC.  Suntera was formed to focus on non-OECD energy
opportunities.  Steve Lowden, the CEO of Suntera, is also a non-executive
director at BowLeven.



Terry Heneaghan, Executive Chairman of BowLeven, said:



'We are delighted to announce this investment and new alliance.  Suntera is
prepared to bring additional expertise, knowledge and funding through the
subscription to the Company which will assist with the delivery of our longer
term strategic objectives.  The investment is also at a premium to our share
price over the last few weeks.'



Kevin Hart, CEO-designate of BowLeven, said:



'I certainly welcome Suntera as a new shareholder in the Company, and look
forward to capturing the benefits of this strategic link-up.  Suntera's
expertise and assistance will be of benefit in providing new opportunities in
the region'.



Steve Lowden, CEO of Suntera, said:



'Suntera is excited by the opportunity that this investment creates.  We believe
this investment, combined with our strengths in the gas business and our
relationships and knowledge in West Africa will help take BowLeven to the next
level, and we feel that this deal represents good value both to the BowLeven
shareholders and to Suntera.'



This investment is a related party transaction under rule 13 of the rules for
AIM companies published by the London Stock Exchange Plc.  With the exception of
Steve Lowden (who did not participate in the deliberations or the decision of
the Board of BowLeven to approve the transaction), the BowLeven directors
consider, having consulted with the Company's nominated adviser, that the terms
of the investment are fair and reasonable insofar as BowLeven's shareholders are
concerned.



For further information please contact:



John Brown, BowLeven Plc                    0131 260 5100

Mark Froggatt, Noble & Company Limited      020 7763 2200

Neil Bennett, Maitland                      020 7379 5151




Notes to Editors



SUN Energy Ltd is a private energy investment vehicle (non-operator) of SUN
Group, an investment group active in Russia, India, Europe and the US.  The
Group has experience in emerging markets and in financing and acquisitions and
has significant energy interests in Russia in oil, gas, refineries and power.
In addition to his other responsibilities, Steve Lowden is CEO and a director of
SUN Energy Ltd.



ITERA Oil & Gas LLC is part of the ITERA International Group of Companies . The
Group was established in 1992, with a head office in Moscow and comprises over
150 companies and is active in 24 countries.  The Group is involved in gas
production, gas supply and petrochemicals and has current production capacity of
1,500 mmscfd and resources of 3.3 billion boe.




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