Amities . l have been discreetly buying this stock since it was 39p . And the more i learn the bolder are the positions i take . .....Floated in Dec 2004 it was oversubscribed and before costs the required $15 million was raised. At the helm is ex BP head of Global exploration and Resavoir management . Furthermore a success story at Global Expo . Now Nick Johnstone wants to set up on his own . And after speaking to him l am not at all surprised . He is like a "Who s Who " of the hydrocarbon world ...He has ALL the prerequisites for success so why work for some other lackey ! .. namely connections from his ertwhistle employers . He has assembled a first class management team from ex colleauges at BP ; and is his business model is simple . AFR farms in on "Big Oils " inception upstream ; and with its scale of economy it works closely with "Big oils" fields on the look out for excellent workovers oppertunities .... Already lt has via a complicated j/v a percentage of the Sao Tome and Principe acreage -Located between the oil rich waters of Nigeria and those of Sao Tome and operated by Texaco / Chevron and Esso; and believed by many to be the new North sea . . 3D Seismic testing and magnetic graphic imagery and satellite imaging has located a labyrinth of channels leading to a main resavoir which is believed to14-15 mmbbls of oil and which would leave AFR with its share of 120/140 million barrels for NO cash outlay .To ensure early cash generation Afren has entered into a production sharing agreement in the developed Ogedeh field { adjacent to the BP operated Olowi marin field which is believed to yield 180 mmbbloe. Furthernore AFR has agreed to drill the lbekelia project for Ascent resources which is expected to produce 2,500 b/pdoe to satisfy AFR percentile share ,ln addition it is a believed resouce of several years . .. , .Not a bad start for a company with little more than six months in the making . ....and well worthy of investigation !! .....@+ J

The Times today (21 Sep 06) has AFR as a Smaller Stock to Watch.

From HB's Broker Round Up: Bridgewell ........ says buy Afren.

hi! sorry to intrude i am new to to shares and have lost a few bob on these if i sell now.
If the 4 mln sells today are bought by lehman bros. taking them to 12.3% would that be
stakebuilding and a good sign.

Drilling Commences:

Afren PLC
18 October 2006


Afren plc (AIM: AFR)

Drilling Starts on Okoro Field, OML 112, Offshore Nigeria

London, 18 October, 2006 - AMNI International Petroleum Development Company
Limited ('AMNI') and Afren plc ('Afren' or 'the Company') announce that drilling
of the Okoro-3 appraisal well on OML 112, offshore Nigeria, has commenced.

An appraisal well was spudded on 14 October 2006 by the Seadrill 7 jack-up rig
on the Okoro Field in OML 112. The well is being drilled 1.5km east of the
Okoro-1 discovery well, which penetrated two oil bearing sands between 4,900 and
5,500 feet. Drilling is expected to take 30 to 45 days.

Following drilling of the Okoro-3 well, the Seadrill 7 jack-up rig will be used
to drill a further appraisal well in the Okoro Setu development area. The
results of these wells will be used to plan the development of the Okoro Setu
fields which is expected to commence in the third quarter of 2007. A drilling
rig has been secured to start the development drilling in August 2007, with
first oil expected in early 2008 with flow rates of between 15,000 to 20,000
bopd.

Brian O'Cathain, Chief Executive of Afren commented:

'We are delighted to have spudded our first well in Nigerian waters. This marks
asignificant step towards achieving our stated target of production of 15,000 to
20,000 bopd by early 2008.'

Cited in Shares Mag today as a Great Value AIM stock

Watch for the TMF effect on this stock this week.

The poster is a good one, last time he tipped a stock that he bought, (GBP) it almost doubled in price as fellow TMF'ers jumped on board only to fall back agin to resonable levels, so if you are brave there may be a trading opportunity here. If you are not brave this stock is one that will grow well over the next 12 to 18 months imo.


http://boards.fool.co.uk/Message.asp?mid=10277470

As always DYOR NAG etc.

seawallwalker

what (Maynard Paton )does say about AFR ?

Bough last week at 49p, has not move much yet about time

Master RSI, I respect your charting skills, however I have witnessed the TMF effect on a couple of stocks now and it is real and defies logic.

It appears some people, well quite a lot actually, are content to let others do the research and to take a more educated gamble than they would normally make by buying at the moment on a whim.

I have seen him post on GBP and that rose illogically as punters jumped on board, some are now left way above the current sp.(tough luck! :-))

Lets see what happens, I expect AFR to move illogically this week.

Is Sir Lurkalot M P or am I lost?

seawallwalker,

The price as fallen , no punters jumping om board.

Which only goes to show how wrong I was.........

And I thought that poster had influence.

I am still intrigued by that masterly comment.

Of course, this may have an effect.

Afren plc (AIM: AFR)


Toronto - 08.30; London - 13.30


Heads of Agreement reached on acquisition in Angola and completion of
acquisition of Heritage Congo Limited


London, 22nd November 2006 - Afren plc ('Afren' or 'the Company') is pleased to
announce it has signed Heads of Agreement with Gulf Energy Resources ('GER') for
the acquisition of a five percent stake in the highly prospective onshore
Cabinda Central Licence Block B ('Angola acquisition') and completion of the
acquisition of Heritage Congo Limited announced in June 2006.


Summary:


Completion of Acquisition of Heritage Congo Limited


o Afren has completed the acquisition of Heritage Congo Limited, giving
the Company a 14% share of the highly prospective La Noumbi permit

o The La Noumbi permit lies adjacent to the world class M'Boundi field,
which is currently producing over 50,000 bopd, and covers circa 2,830 km2 of
highly prospective acreage

o The La Noumbi permit includes the existing Tie Tie discovery, which
flowed at 1,689 bopd. Five prospects have been mapped on existing 2D seismic,
including the 50-75mmbbl Doungou prospect

o The forward exploration programme for La Noumbi includes 500km of
seismic acquisition which is scheduled to be completed by January 2007. An
exploration well to test the Doungou prospect is planned for early 2007,
together with up to six contingent wells in 2007

o The consideration for Heritage Congo has been revised from US$28
million to US$21 million and the purchaser warrants reduced to 1,500,000, f
ollowing the exercise of pre-emption rights on the Kouakouala A and Kouakouala
B,C,D licences by the partners. The Company believes that the revised
consideration for the 14% stake in La Noumbi is favourable to Afren


Heads of Agreement for Cabinda Stake


o The Cabinda Central Licence Block B Licence (the 'Block') is located in
the Cabinda province and covers an area of 1,125 km2

o The Company has signed Heads of Agreement with Gulf Energy Resources
for the acquisition of a carried 5% stake in the Block

o The Block contains highly prospective acreage with exploration
potential at several stratigraphic levels

o The previous exploration history includes 32 wells, with several
discoveries that found light oil, and 950km of 2D seismic

o The forward plan is to commence a 2D seismic programme to gather 650km
of data in 2007, followed by the re-commencement of exploration and appraisal
drilling in 2008

o The licence is operated by Devon Energy (30%) and other partners are
Repsol (25%), Sonangol (20%) and Petrogal (20%)


Afren post acquisitions


o Afren has rapidly expanded since IPO in March 2005 to build a
diversified portfolio across five countries; Nigeria, Sao Tome and Principe,
Gabon and now Congo and Angola

o This follows the recent announcement appointing Dr Rilwanu Lukman as
non-Executive Chairman and establishing the International Advisory Board
comprising Brian Ward and Ennio Sganzerla, and John St. John as Strategic
Financial Advisor to the Board.

o Afren has an active forward programme, with intensive development and
appraisal work on existing discoveries and an intensive exploration programme
targeting new prospects

o Nigeria - the Okoro 3 well is currently being drilled. The Global Santa
Fe Adriatic VI drilling unit has been secured for a nine month programme to
develop the Okoro and Setu Fields commencing August 2007, targeting first oil in
early 2008

o Gabon - an exploration well on Themis Marin, Q2 2007

o Congo - an exploration well on the Doungou prospect, early 2007

o Overall the Company remains on track to reach its target of 15-20,000
bopd by early 2008


Brian O'Cathain, Chief Executive, commented:


'I am delighted to announce that we have signed Heads of Agreement on the
acquisition of GER's stake in the highly prospective onshore Cabinda Central
Licence. Entry into Angola and Congo marks significant steps in the
diversification and expansion of Afren's West African portfolio.


'The acquisition of Heritage Congo gives Afren a strategic entry into the Congo
and a material share of the very exciting La Noumbi permit, which was the
primary attraction of the acquisition with a number of identified high impact
exploration prospects.'


Angola acquisition


The Heads of Agreement establishes a foothold into Angola, a leading area for
exploration in sub-Saharan Africa with 11.4 billion barrels of proved
undeveloped reserves.


The Cabinda Central Licence Block B Licence ('the permit') is located in the
Cabinda province and covers an area of 1,125km2. The Permit is operated by Devon
Energy (30%) and other participants are Repsol (25%), Sonangol (20%) and
Petrogal (20%). The GER stake is carried by Devon through the first US$18
million of expenditure.


The acreage is considered to be highly prospective with exploration potential at
several stratigraphic levels. It is located on trend and adjacent to several
discoveries, including one of Africa's largest onshore fields, the 300mmbbl
M'Boundi development. M'Boundi, currently produces at over 50,000 bopd from the
Vandji sandstone and the Vandji sand fairway extends south into Cabinda. The
Cretaceous Vandji has been previously overlooked in the region, due to an
historical focus on shallower reservoirs. This marks Afren's second focused
announced acquisition targeting the Vandji sand fairway, following La Noumbi in
Congo.


32 wells have been previously drilled, several of which found light oil. The
wells were located, primarily for shallow reservoir targets, without the benefit
of seismic data. A 950km 2D seismic data grid was acquired in 1971 that
identified several attractive leads. Reprocessing of this data together with
acquisition of new seismic and aeromagnetic data is expected to deliver a high
quality exploration prospect portfolio.


Under the PSA, there are three exploration periods. The first, for a period of
three years, includes five commitment and two contingent wells and the
acquisition of 500km of 2D seismic. The forward plan is to commence a 2D seismic
programme to gather 650km of data in 2007, followed by the re-commencement of
exploration and appraisal drilling in 2008.


Acquisition of Heritage Congo Limited


Afren also announces that it has completed the acquisition of Heritage Congo
Limited, providing the Company a 14% share of the La Noumbi permit. Heritage
Congo Limited was the wholly owned subsidiary of Heritage Oil Corporation, whose
common shares trade on the Toronto Stock Exchange under the symbol HOC. This
follows exercise of pre-emption rights by Maurel et Prom and Burren over the
Kouakouala A and Kouakouala B,C,D Joint Operating Agreements. The cash
consideration for the acquisition of Heritage Congo Limited has been revised
from US$28 million to US$21 million and the purchaser warrants reduced to
1,500,000.


The La Noumbi permit covers 2,830 km2 and lies adjacent to - and on trend with -
the world class M'Boundi field. The acreage is under explored and no drilling
has taken place since 1992. The acreage contains one ready to drill prospect,
Doungou (50-75 mmbbls), which is planned to be drilled early in 2007. The permit
also includes an existing discovery; the Tie-Tie well which was discovered in
1982 and flowed 1,689 bopd. A new 500km 2D seismic programme is underway,
targeted at existing leads and prospects, expected to result in additional
exploration drilling in early 2007. In addition to an exploration well on the
Doungou prospect, six contingent wells are under consideration for drilling in
2007. Under the terms of the Production Sharing Contract, three firm and three
contingent wells are required. The operator is Maurel et Prom (48.5%) and Burren
(37.5%) is a partner.


The transaction marked Afren's first targeted acquisition within the Vandji sand
fairway that extents north into Gabon and south into Angola.

So might this........................

Afren plc (AIM: AFR)



Drilling update on Okoro-3 appraisal well, offshore Nigeria



London, 23 November 2006 - AMNI International Petroleum Development Company
Limited ('AMNI') and Afren plc ('Afren' or 'the Company') announce the
successful results of the Okoro-3 well offshore Nigeria.



Amni and Afren are pleased to announce the successful completion of operations
on the Okoro-3 well in Nigeria.



Okoro-3 is the first well to be drilled by Afren/Amni on OML 112 in the shallow
water Niger Delta. Okoro-3 is a vertical appraisal well on the Okoro Field
which was discovered by the Okoro-1 well in 1973. Okoro-1 found oil in two
separate Agbada Formation sands between 4,900 and 5,550 feet. The Okoro-3 well
was designed to evaluate the eastern extent of the field and acquire the full
data suite, in particular fluid samples, which are essential for development
planning.

http://moneyam.uk-wire.com/cgi-bin/articles/200611230700565720M.html

Good News SWW, Very positive RNS: Also....


Flowing tubing head pressures and other Petroleum Engineering data recorded
during the test, indicate that estimated production capacity for a completed
production well would be in excess of 4,000 barrels of oil per day.

This is superb and a very nice home for my SEY cash and the money I did not put back into ROC.

I think this settles that issue, it stays here.

Great news so far this week.

Well done & good luck!

Brdigewell posted an 80p target in a sector review a couple of days back, so that was not taking this weeks news into account.

Afren PLC
23 November 2006

Afren plc (AIM: AFR)



Drilling update on Okoro-3 appraisal well, offshore Nigeria



London, 23 November 2006 - AMNI International Petroleum Development Company
Limited ('AMNI') and Afren plc ('Afren' or 'the Company') announce the
successful results of the Okoro-3 well offshore Nigeria.



Amni and Afren are pleased to announce the successful completion of operations
on the Okoro-3 well in Nigeria.



Okoro-3 is the first well to be drilled by Afren/Amni on OML 112 in the shallow
water Niger Delta. Okoro-3 is a vertical appraisal well on the Okoro Field
which was discovered by the Okoro-1 well in 1973. Okoro-1 found oil in two
separate Agbada Formation sands between 4,900 and 5,550 feet. The Okoro-3 well
was designed to evaluate the eastern extent of the field and acquire the full
data suite, in particular fluid samples, which are essential for development
planning.



The well commenced on 14th October and was drilled to total depth of 6,500ft in
the Miocene Agbada Formation. The well confirmed the eastern extension of the
field and also the hydrocarbon contacts seen in both sand formations in the
initial discovery. A 30ft interval in the Upper sand was tested and oil samples
were taken that have confirmed the well productivity potential and other key
reservoir properties.



Flowing tubing head pressures and other Petroleum Engineering data recorded
during the test, indicate that estimated production capacity for a completed
production well would be in excess of 4,000 barrels of oil per day.



Following completion of testing operations, a second appraisal well will be
drilled on the Okoro Field. The well will be drilled as a deviated sidetrack
from the Okoro-3 wellbore and is designed to further evaluate both reservoirs
and provide greater control for planning future horizontal production wells. The
sidetrack programme is expected to take approximately 15 days.



The pre-drill range of reserves for the Okoro-Setu development project were 20
mmbbls Proven (P1) and 35 mmbbls Probable (P2) reserves. Initial post well
analysis of Okoro-3 results indicates that the revised range of reserves for the
Okoro-Setu project is now 35 mmbbls Proven (P1), an increase of 75%, and 40
mmbbls Probable (P2).



Development drilling on both the Okoro and Setu Fields is scheduled to commence
in Q3 2007 with the Global Santa Fe Adriatic VI drilling unit and field
development planning is currently on schedule for first oil in early 2008.



Conference Call



Afren will be holding a conference call regarding today's announcement and to
provide an operational and corporate update at 14.30 today. To access the
conference call:



Europe please dial + 44 208 515 2309

US please dial + 1 866 384 2826



The conference call will be available on replay for one week, by calling + 44
207 190 5901 (pass code 134554 #).



Brian O'Cathain, Chief Executive of Afren, commented



'We are very pleased with the results of this appraisal well on the Okoro Field,
which significantly enhances the proved reserves case on the Okoro-Setu
development. The successful delineation of Okoro within only six months of
Afren reaching agreement with Amni to enter this project demonstrates Afren's
technical capability to deliver a challenging programme in a compressed time
frame. We look forward to working with Amni to deliver production from the
Okoro-Setu development in early 2008.



I am delighted with our recent progress, entry into Congo and Angola and
together with the successful appraisal results, we remain on track for 15-20,000
bpd by early 2008'.





Enquiries:


Afren +44 20 7182 1800
Brian O'Cathain
boc@afren.com
Osman Shahenshah
os@afren.com

It sounds like a gusher!

Take your profits and RUN!

Okay, will do.