< "> 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

wow what a start pushing 1.60

am having a visual orgasm.........this time in the morning.,.

About time too....having reached my year end target of 150p (147.25).....now for the 200p push....

super !!!!

I'm all over come:))))

lovely innit!

Bliss!

Magic!

at least we know why the strength in this stock - unlike in the likes of CHAR!

ptholden thanks again good advice pleased i did not sell

A pleasure to be of service Mr Deputy, hopefully a lot more to come :-)

i hope so mr ptholden keep warm

even i have been extolling the virtues of this stock/company for a long time

I've added to thetop of header AFRs site,investor relations.Goto presentations for todays update.

hopefully today's presentation will impress and produce further tick up

Fste 100 not to far away now chaps. Do you believe now! 8-)

Super again !!!! :-)

StockMarketWire.com
Afren cut to hold from add at Oriel.

from whatshot.cum
Afren (AFR)
I've been asked by a subscriber to provide an update on this one following the strong run we've had in recent months. The valuation is currently underpinned by a strong reserves and production base, with 2P reserves and contingent resources of 113 million boe (barrels of oil equivalent), net prospective resources of approximately 2,340 million boe, and forecast average daily production of 60,000 boepd (from the first half of 2011). There is significant potential for drilling to add upside to the valuation, particularly through licence OML 26, onshore Nigeria, a 45% interest in which was acquired by First Hydrocarbon Nigeria (FHN) (in which Afren owns a 45% stake) from Shell Petroleum Company Nigeria. Whilst this is a longer term project for Afren (the first investment phase isn't expected to be completed until 2013), the upside is potentially very significant indeed, with exploration potential of 615 mmboe (million barrels) gross unrisked prospective resources, on top of existing independently certified recoverable reserves and contingent resources of 184 mmbbls.
In the nearer term exploration upside rests with the Black Marlin acquisition in East Africa, which brings with it 12 exploration blocks located in Kenya, Ethiopia, Seychelles and Madagascar. The acreage is located in basins with proven petroleum systems and the company has already identified a number of leads and prospects which are being worked up as potential drill targets. Conveniently, Black Marlin also owns a seismic company which will continue to undertake all future work in the acreage and several key members of the management team have stayed on to assist Afren with its exploration objectives. Afren plans to collect seismic and drill six wells over the course of 2011 and 2012, with an eye to proving up 910 million barrels of oil equivalent (boe) of potential resources during this campaign.
Production is currently being ramped up with the advent of the Ebok development which will initially produce at a rate of c.15,000 bopd by year end, ramping up to 45,000 bopd in Q2 2011. This will eventually be augmented by the adjacent Okwok structure, which should see production reach 100,000 bopd by the end of 2012. Even assuming an uber conservative $20 net profit per barrel, this would imply cash generation of c. $730 million per annum - let's call it 500 million - from 2012 onwards, which looks great value versus the current c.1.5 billion market cap. Although we're currently showing a 355% gain on my April 2009 tip, I see no reason to jump ship just yet. Strong Hold, at 158.4p.

According to Platts, Shell will announce successful buyers next week."

http://allafrica.com/stories/201101140858.html