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

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.

i was only jokin mate..

So was I.

LOL

Oest Le Raccordement Franis ?

Il est toujours absent quand il y a quelque chose parler.

Where is French Connection? It misses always when there is something to speak.

Bien cuit mon petit chou

not many seem to like it, but it will be somewhere near 4 or 5 times todays sp in a couple of years time..... and they could do that without taking on any more projects.....

it's a bit like SCRB (great management set-up with some very good projects, and doing it all in good time....)

London, 7 December 2006 - Afren plc ('Afren' or 'the Company') is pleased to
announce that African Gas Development Corporation ('Afgas') and Sociedad
Nacional de Gas, GE. ('Sonagas') yesterday announced the signature of an
exclusive joint venture agreement ('JV') to monetize gas supplies from Nigeria,
Cameroon and Equatorial Guinea through infrastructure and facilities in
Equatorial Guinea. Afren has the first right of refusal to supply upstream gas
to the JV.

Exclusive Joint Venture between Sonagas and Afgas

Sonagas is the national gas company of the Republic of Equatorial Guinea which
has the exclusive responsibility for the State's interest in all existing and
future gas related projects in the country. Sonagas' existing gas projects
include a 25% stake in the US$1.4 billion Equatorial Guinea Liquefied Natural
Gas ('EGLNG') plant, which will begin deliveries of LNG to international markets
from mid-2007. Train 1 has a capacity of 3.8 million tonnes and negotiations are
currently underway regarding Train 2 and possible Trains 3 and 4.

Using Afren as the preferred upstream supplier, the Joint Venture intends to
assemble the necessary regional gas supplies, primarily from Nigeria and
Cameroon, to supplement existing Equatorial Guinea gas sources. Other Sonagas
projects include participation in the Bioko methanol plant which currently
produces approximately 3,000 tonnes per day and the Punta Europa Liquefied
Petroleum Gas plant, which currently produces approximately 25,000 barrels per
day.

The Afgas / Sonagas Joint Venture will be responsible for providing all required
subsea pipelines, facilities and related infrastructure for the gas related
projects. Afgas has entered into Heads of Agreement with each of Acergy (NASDAQ
NM:ACGY; Oslo Stock exchange: ACY) (formerly Stolt Offshore) and AMEC (LSE:
AMEC), for the design, procurement, building and operation of the infrastructure
and facilities required in support of the Joint Venture's various gas
monetization projects.

Impact on Afren

Afren has the right of first refusal to supply gas to the Afgas / Sonagas JV,
thereby securing an additional market for Gulf of Guinea gas reserves. The Gulf
of Guinea has over 200 TCF of gas reserves, with more than 80% of those reserves
situated in Nigeria. Afren is currently in negotiations on a number of upstream
assets in Nigeria, which could potentially provide gas to the JV.

Background

Afgas is engaged in the development, construction, operation and ownership of
integrated gas developments in Africa. Afgas is the largest shareholder in Gasol
plc ('Gasol'), which is a London (AIM:GAS) listed downstream gas development
company focusing on opportunities in Africa and the Gulf of Guinea in
particular. Gasol purchased 20% of Afgas's subsidiary, African LNG Holdings
('African LNG'), earlier this year to integrate and build on the group's gas and
LNG strategy in West and Central Africa, of which the JV with Sonagas is a
critical step.

Afgas was founded by Dr Rilwanu Lukman and Mr Ethelbert Cooper, both founders of
Afren. Afren has a 6.5% equity interest in Gasol and has a strategic
relationship governing the supply of gas to Afgas-Gasol.

Brian O'Cathain, Chief Executive of Afren, commented

'Our strategic relationship with Afgas-Gasol, as the preferred upstream gas
supplier, presents an additional growth leg to Afren. Gas exports to Equatorial
Guinea represent a new route to monetise stranded and associated gas reserves in
the Gulf of Guinea, and also assist with the reduction of gas flaring in the
region.

This relationship allows Afren to capitalise on the anticipated growth in global
and regional LNG demand, without diluting our upstream focused strategy.'

Bonjour mon amies.

Je regret I forgot to post this earlier.

Sums up where they are.

Prentation La Confence Africaine Occidentale D'huile d'olution .

bient

Afren PLC
13 December 2006

AFREN plc ('the Company')

Shareholding in the Company



The Company was notified on 12 December 2006 that, as at close of business on 8
December 2006, UBS AG, acting through its business group and legal entities
detailed below, had an interest in 9,064,598 Ordinary Shares of 1p each
('Ordinary Shares') in the Company, representing 4.73% of the total issued share
capital of the Company.


UBS business group/legal entity Breakdown of position held (%)

UBS Global Asset Management (Life) Ltd 7,064,598 3.69%
Ordinary Shares
UBS AG London Branch 2,000,000 1.04%
Ordinary Shares
UBS AG Total 9,064,598 4.73%
Ordinary Shares



13 December 2006


Enquiries:

Pelham Public Relations
James Henderson

James.henderson@pelhampr.com
+44 (0)20 7743 6673

abit boring this share....might sell out tomoro and buy african eagle...going places

patience patience