< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
http://www.investegate.co.uk/afren-plc--afr-/rns/2012-full-year-results/201303250700107200A/

In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

It is just a rumour doing the rounds at the moment BB.

thanks kim,

RNS good news about Ebok Deep.

StockMarketWire.com
"African-focused oil and gas explorer and producer Afren has completed the Ebok Deep exploration well offshore Nigeria.

The well - located on OML 67 offshore south-east Nigeria - has been drilled to a total depth of 11,375 ft (10,085 ft true vertical depth).

Results of drilling and wireline logs have shown that the well intersected two sandstone intervals of 370 ft combined gross thickness in the targeted Biafra and Isongo formations, with oil shows providing good indications of oil migration pointing to potential for oil trapped up-dip from the current well location.

The well has been temporarily abandoned and will be available to use for further drilling in the area.

The well has demonstrated a working hydrocarbon system in the deeper Biafra and Isongo formations, and that excellent quality reservoir sands are present.

The results will be followed up with further detailed technical work, and will be incorporated into the subsurface model to assist in future exploration of the significant potential that exists in the deeper horizons at Ebok, Okwok and OML 115 which are contiguous with each other. "

It's good news for the long term, but doesn't really change much until all the technical stuff is done, imo. Once the analysts get their hands on the technical data & then upgrade the stock, then the sp should reflect that.
Lots of potential, but nothing on the surface yet.

Is AFR a buy or sell now???

if anything a buy i would have said ..... i think this has huge potential

Having huge potential and demonstrating it are two different things.

Down again!! Hopeless atm.

Probably in sympathy with this Nigerian state owned oil company that's gone bust....how on earth does an oil company like that go bust ?.

I think there is some dispute about it going bust.

It's all down to corruption which is rife in Nigeria, officials lining their pockets with millions...
NNPC unable to repay debt of 5 billion dollars.

StockMarketWire.com
Afren has agreed to acquire Energy Equity Resources Oil and Gas's residual licence interest in OML 115, offshore Nigeria.

This will increase Afren's net interest in OML 115 from 32.5% to 40% with Oriental Energy Resources retaining a 60% interest.

Afren will pay EER a contribution towards its back costs to acquire the 7.5% interest.

OML 115 is next to Afren and Oriental's Ebok and Okwok fields.

Afrenc chief executive Osman Shahenshah said: "Since the original acquisition of an interest in OML 115, we have carried out extensive technical work, identifying greater potential both in the D series reservoir intervals and most recently the up dip potential of the deeper Biafra and Isongo sands, as established by the Ebok Deep well.

"This acquisition we are announcing today (15 July) further aligns Oriental and Afren's involvement in this area."

www.moneyextra.com/stocks/watch-list.php

cyril

Could see us push back through the mark this week and on to new year highs. Plenty of news not far off, Should start the journey up to 1.50 to 2.00 before christmas. dyor & gla. P.s. sorry to mention the c word.

as the chart clearly shows, it's the 105 level that needs to be breached with impetus before sp will even think about motoring

cynic results out on 31st august may provide that impetus.

jolly well hope so, though it looks possible that it will happen before then

Momentum building here leading up to results. Plus sentiment generally seems to be picking up. Personally i think we are going through that 1.05 point no problem.gla

Lets hope we blast through the 105 this time ,some good news might do it.