< "> 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

3 a little opptimistic ,a M/Cap of 2.7billion would be one heck of a jump?
cyril

any one who buys 10% of company at 1.08 must be optomistic and have more information then retail crowd

Not long til lift off!!!!!!!!!!!!!!!!!!!!!!!!!!! Happy Happy.

Cleared 105 looks like 110 is the next hurdle.

Could it be that we are now going to see the sp jump ?....the daily penny increase might turn into 3p or 5p a go.....

Yep

+1

My pension growing nicely today.

An order has just appeared on the Buy side of the book for 235k @ 115p, wonder if this is what we've been waiting for?

fair bit of activity today....something brewing

Nice to see that largish order of 235k on the book, certainly helped to stop the Bid dropping during late afternoon trading.

From a trading perspective I'm planning to build a sizeable position during the remainder of the year in what will hopefully be a run up to my target of 180p-200p.

See Robbie Burns (Naked Trader) has returned to the fold, spread bet 30 @ 110 Target 130 Stop 98.

So I see Chris, he seems to have claimed you need nerves of steel as it's a volatile stock!? He must be on drugs.

ptholden - Aye, thought that myself, is he having a laugh :O)

I think it's fair to say I'm quite a fan of AFR, the fundamentals are excellent with plenty of anticipated positive news flow in the pipeline ('scuse the pun!).

I must admit I think I made an error of judgement when accepting the SP had broken through resistance at 105p without really checking the chart. When I had done so it became clear the true res was actually at 107p (arguably slightly higher - but I work on closing prices). As it turned out, no harm done as AFR has contunied to perform, albeit slow and steady rather than explosive.

Generally, stocks that are in an uptrend and stuck in a trading range (in this case 80p-107p) eventually break out with some conviction, AFR hasn't exactly done that (yet!) but the break out has been achieved based on good volumes and positive news.

The SP is currently in a nice tight rising channel, although possibly getting a bit close to the top of that channel. It's also worth mentioning that following break outs, a small retracement can happen to previous resistance which then acts as support. Obviously I have no idea if that will happen, but I won't be spooked if it does.

There isn't really any resistance now between the current SP and the all time high of 185p which is my minimum target by Xmas.

Additionally, I have circled a recent 'Golden Cross' (50 MA cossing 200MA whilst both heading North) one of the more accepted bullish indicators.

I have set a stop at 97p which represents a loss of 13pts (positions at 110p) but will obviously keep a close eye on proceedings. In the event the SP continues to perform I'll add at some point and certainly consider adding on any dips.

GLA

All of your text is live and takes us to photo bucket where presumably you stored the very pretty chart.??

Chart looking strong,higher volume would be welcome and surely news this week?

With initial production of 20kbopd from E-Bok expected by the end of the momth and provided the drill comes up trumps,then we could make 150p? Ramping up production
along with further drilling sucess will certainly make your target possible.
AFR needs this drilling sucess to improve their reserves,presently at 113m P2 not
exactly hugh for a 1billion company,so proving up and hitting our expected end of year tarfet of 55kbopd is a must for me.However with expanding portfolio of quality assets i feel doubling of reserves should not be to far away?
cyril

BB, presumably you can see the chart, text also?

Edit: Sorted

Perhaps my 150p by the end of the year is still on ?....at one time, ....I was having doubts...not so now !.

what is the chart telling us?