< "> 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

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?

it says, "beware hali's trick questions!"

5 year simple chart shows that although sp has broken out of its recent straightjacket, 120/130 is a likely resistance and of course sp is a long way short of its all-time high of 180

Stupid question, it's slowly going up!

pth how far?

cynic the arrival of the oil containment vessel and subsequent 150% increase in oil production to 50/60000bopd by end of 2010 should see the sp well on the way to 200p by early 2011.

i would hope so, and i for one am very happy indeed to keep holding and MAY even top up my somewhat porculent position

cynic was thinking of doing the same.

Halifax, read my revious posts on the subject; IMO, 180p by Xmas.

pth seems we see the same potential.

Had another look at AFR this evening, may be some res at 123p and the top of the current channel of course.

pth,123P would be most welcome and a rest possible,but as to what happens next will
determined by news flow.Okwok drill and test result(should be anyday now) followed shortly by the arrival of the supply vessel(believed to be sailing from America?)and of course E-Bok production start up are all due within thr next 3/4 weeks.
So if we do get a rest it will imo be brief,with positive outcomes of the above,your
target 180/200pwill become a distinct possibillty?
cyril

did what i said and topped up this morning at 117.4, which will almost certainly be my last tranche as now at nearly 200% norm

Lovely gentle rise......you have to say.....at the moment the markets are very positive...long may it continue.....

Let's hope it continues heading north

when is that oil containment vessel going to arrive so that production can be ramped up?

8 October 2010



Completion of the Acquisition of Black Marlin Energy Holdings Limited and the First Day of Dealings


Afren plc ("Afren" or the "Company") announces that the Scheme of Arrangement relating to the Acquisition of Black Marlin Energy Holdings Limited ("Black Marlin") by Afren plc (the "Acquisition") received BVI court approval on 6th October 2010 and that the Acquisition completed on the 7 October 2010.



Pursuant to the Acquisition, 76,776,096 ordinary shares in the capital of the Company have been issued, allotted and credited as fully paid to the shareholders of Black Marlin and will today be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities today at 08.00 a.m. (London time). Merrill Lynch International is acting as Sponsor to Afren.



The total issued share capital of Afren plc pursuant to the Acquisition will be 968,159,864 ordinary shares with voting rights. No ordinary shares are held in treasury. The above figure 968,159,864 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Afren plc under the FSA's Disclosure and Transparency Rules.



In line with the Company's founding pan African strategy, the Acquisition has established Afren with a multi country platform in East Africa, comprising twelve assets across Kenya, Madagascar, the Seychelles and Ethiopia. This is a complementary extension to Afren's existing West African business, enhancing the Company's exposure to the full cycle E&P value chain.



Encouragingly all licenses acquired in connection with the Acquisition are located in basins with proved working hydrocarbon systems, and importantly offer the potential for large scale oil discoveries. Net prospective resources attributable to Afren's interest are estimated to be 1.2 billion barrels.



The Company is well positioned to leverage its West African cash generative production base to test this potential with the drill bit. A multi-well exploration campaign has been defined through to end 2012, and ongoing studies are expected to unlock further prospectivity. To aid this process, following the Acquisition, Afren now benefits from ownership of one of the largest East African seismic databases.



Afren has today launched a dedicated website detailing its East African business, Afren East Africa Exploration. This can be accessed and viewed via www.afren.com, which Afren is also re-launching.



Pursuant to an exemption decision granted by applicable Canadian securities regulators, Afren will satisfy its oil and gas activities disclosure obligations under Canadian securities laws by complying with the reporting requirements of the UK Financial Services Authority ("FSA") and Afren's continuing obligations under the FSA's Listing Rules, its disclosure obligations under the FSA's Disclosure and Transparency Rules and, where relevant, the applicable guidelines of the Committee of European Securities Regulators with respect to the disclosure of oil and gas activities, instead of complying with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.



Osman Shahenshah, Chief Executive of Afren, commented:



"The Acquisition of Black Marlin has opened up a new core area of exploration focus for Afren, at a time when the region has yielded significant discoveries, yet remains relatively under explored. It provides Afren with a position of scale, and a unique opportunity to participate in multiple, potentially high impact exploration opportunities that are in balance with our established West African production and asset base."


cyril