< "> 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

well done pth and all.
looks like im not going to get my "buy in" price that i had been looking for.will now have to be patient and look for another opportunity.not going to chase.
regards
jkd

Jkd, I don't think you need to worry about chasing this stock, unlike the flaky E&P companies that are rising dramatically on mostly hype. AFR is building a cracking portfolio of production, proven resources and high impact exploration. I've averaged up again today.

Like this, "especially transformational deal"
cyril
http://www.thisislondon.co.uk/standard-business/article-23890178-british-airways-shares-take-off-in-the-slipstream-of-its-improving-american-rivals.do


West Africa-focused Afren was the star performer on the mid-tier after striking a transformational deal. Its subsidiary, First Hydrocarbons Nigeria, has snapped up a 45% interest in an onshore licence from Shell, Total and Agip.

Afren's long gestating big deal' has finally arrived and it delivers on every level: reserves, exploration upside and major production growth, said Dougie Youngson, an analyst at Arbuthnot Securities. The broker is a strong buyer of Afren's shares and reckons that further deals could be in the pipeline. Afren, which is popular with retail punters, surged 8.3p to 124.4p.

I do like that one cyril.,.

afren sailing away today all aboard

This woun't do us any harm either.
cyril

Oil Price 'to Exceed $100 Next Year'The world's largest investment bank Goldman Sachs on Tuesday predicted the oil price will surpass US$100 per barrel next year, citing increasing demand for crude oil rather than the weak dollar as the main reason.

Goldman Sachs predicted that demand for crude oil will rise for the next three decades, with consumption growing thanks to the continued economic recovery next year. It said production by members of the Organization of the Petroleum Exporting Countries is also likely to rise

not impossible, but then $ is forecast to continue weakening too

knock knock let me in!! LoL
still waiting.might hit heavy seas and come back to port.
regards and good luck to all
jkd

Lovely ,this is making up for my dog Taylor Wimpy.

cynic with production ramping up next month sp should reach 200p by year end.... then we could see a move to 500p by end of 2011.

Funny name for a dog !....you know what wimpey stands for : we import more paddy's every year !.

Oh believe me it's a dog !!

I also own this DOG in 200 years it get to 30p !!!!!!!!!!!!

Fabulous spike today, I thought at the rate it was going take till Xmas to get anywhere near this sp. Brilliant!

Along with AFC, XEL, this is sure looking great....long may it continue....

hali - i almost never forecast sp prices, and if i do, it's usually more conservative than that put out by the over-exuberant ..... anyway, this is certainly turning into the cracker it has long promised

rf as we have said before if AFR achieve their production forecasts they would be producing more than TLW which has a market cap at least 8 times that of AFR. So with their share of the additional production from today's deal they are rapidly heading towards 100,000bopd within 2/3 years.

what i find impressive about AFR is that, like TLW, their strike rate is phenomenal - it feels like about 4/6 or maybe even better, which is amazing against the accepted industry norm of about 1/5

what i find impressive about AFR is that, like TLW, their strike rate is phenomenal - it feels like about 4/6 or maybe even better, which is amazing against the accepted industry norm of about 1/5

If AFR are to become the next TLW,it'll be by proving up reserves which at present i
believe are roughly 130mbo. They could start by a positive update from Okwok,preferably tomorrow(what that would do for the SP with the present momentum)
,an extra 50/100mbo would do for starters.
cyril