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

pth why when next month production will start ramping up to the year end target of around 50000bopd?

I tend to agree with ptholden, short for now @ 101.1, tight stop, tgt 85.0 or date of shareholding meeting on 21st, whichever comes first.

we tend to disagree no reason to short after their recent good results and likely imminent positive news about the arrival of the oil containment vessel from the far east which will trigger a substantial increase in production. Don't forget when production reaches 60000bopd AFR will be producing as much as TLW which has a market cap almost 10 times AFR.

Chart traders will be short, regardless of what may happen in the next month or two. As the broker said in post #1175, buy on any weakness, for those who are holding equity.

harry what morgan said was any short term weakness is an opportunity to add, in front of positive news which will come shortly. If you want to short go ahead but beware you might be caught short!

My first point of support is bang on 100p which equates to both SP trendline support (although this is a very new trendline and needs at least one more test to be viewed as such) and a support line on the RSI. If this doesn't do the business, I think 90p is a strong possibility. I have no intention of reversing my position but will add on any further weakness. I reallydon't see 85p, but I guess, never say never.

i agree with all except harry! ...... to short AFR is dangerous bordering on suicidal, and for bugger all potential gain

cynic - Would you be so kind, just for future reference, to post all the stocks that in your opinion would be dangerous, bordering on suicidal, and for bugger all gain :o)

Seriously though, I just try to trade what I see. (Tried trading what I wanted to see many times, amazingly never worked.)

Made money on SB bought @ 96 sold @ 103 +7. Currently short with tight stop. It's a game not life and death!

if you want a game, go and play tiddlywinks with mitzy - she needs company

for myself, after a horrid earlier part of the financial year, all now much rosier after a very successful 2009/2010 ...... clearly i don't call entirely wrongly even without research

if you want wrong call....look no futher than asos.......my shins are black and blue where i've kicked my self....emu

healthy volume today awaiting news of arrival of oil containment vessel and the start of Ebok pumping.

i called that one wrong too as i have a short running there which i'll prob close tomorrow .... still, my short on CNT sure worked a treat and haven't done so badly with one on FOGL

I also think shorting this one is a dangerous move ,it could spike up at any time as there is no negatives really ,i've only ever shorted bad news ,but if your right then well done ..

London, 13 September 2010 - "Afren plc and Black Marlin Energy Holdings Limited ("Black Marlin") (TSX-V: BLM) are pleased to announce that Black Marlin has received the approval of the required majority of shareholders for the acquisition by Afren plc.

At Black Marlin's General Meeting held on Friday 10th September in connection with the proposed acquisition of Black Marlin by Afren, all resolutions were approved by the requisite majority of shareholders.

The acquisition combines two portfolios that offer a complementary fit, providing a balanced exposure across the full E&P value cycle of production, development, appraisal and exploration. Black Marlin's portfolio of assets represents an attractive, multi-country entry position in East Africa, a region that has emerged as an exploration province of global interest following recent significant discoveries. The 12 assets located in Kenya, Ethiopia, Madagascar and Seychelles are located in basins with proven or strong evidence of working hydrocarbon systems.

The Afren General Meeting to approve the Ordinary Resolution, pursuant to the Notice of AGM dated 24th August 2010, will be held on 21st September 2010."

Stopped out at the open @ 106.1 -5. Now long (after brain transplant) @ 104.7.

sorry to hear it, but not too much blood i hope - but you were warned!

True cynic, can't win em all!

Not sure 'Long' is good either. Sp up & down with no particular reason that I can see.

I'ts the usual curse Harry, was my stop loss to close or not? Patience needed I guess.

HARRY stop being a doomster on this one ,it's a long term hold we're all going to be rich.