< "> 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

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

TA Time!

I've posted the longer term chart in addition to a more recent one in an attempt to try and identify resistance levels where the SP may stall and shorter term movements.

To be honest horizontal res levels are quite difficult to identify until the SP reaches the all time high in the region of 185p. In fact I can only find two, the first at 138p and the second at 157p, both of which are very long term and somewhat tenuous. Additionally, there is the original trendline (which will join up with the all time high in January) which I would expect to be an obstacle, unless the SP gets through there beforehand.

To the shorter term, the SP has reacted in a classic fashion to a period of trading in a range followed by a breakout, the subsequent retrace and the burst upwards; all of which have been accompanied by expected volumes adding credence to the move North.

Quite clearly the SP has broken through the top of the Jul-Oct channel and convention states that this trendline will become support to any retrace; it will be interesting to see if it does. In any event 123p will hopefully be the new base from which to build and I'll be moving my stops up to lock in profits.

My target remains 185p in the next few months but somewhat sceptical we can get that far before January. Longer term, once past that level, the sky really is the limit and predictive TA with regard to targets becomes much more difficult.

On a side note I posted today that the court case in Dubai amounts to 6m, I have read somewhere else it is actually 0.6m so will hardly affect the SP. Edit:Read again this legal business is about 6m, so no idea what to believe - I don't really care!

Good luck to all holders, once through 138p I will average up again and certainly on any retracement which results in support being confirmed.

Must admit, didn't expect such a surge. My small steps have gone to stides...hope we don't see 115p again though I'm sure 120 - 125 might be back, a top up opportunity.aimo .,.

Merrill broker update following today's news - Buy / target 166p

Company operations update - Tuesday 26 October (I'm looking forward to that as we're still awaiting drilling news)

As one might expect some profit taking,settling down a little now.I thought of top slicing myself but the thought of Tuesdays interim report and proable drill result
made me stick,even considering topping up, dependent on news?
cyril

still plenty of activity today

unusual that after yesterdays big increase the price hasnt dropped today