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

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

Au revoir!

Bonjour.

More oil than expected from the sidetrack.

How boring!

http://moneyam.uk-wire.com/cgi-bin/articles/200612140700508597N.html

Following completion of testing operations, a second appraisal well was drilled
on the Okoro Field. The well was drilled as a deviated sidetrack from the
Okoro-3 wellbore and was designed to further evaluate both reservoirs and
provide greater control for planning future horizontal production wells. The
Okoro-3 side track was drilled at a maximum inclination of 55 degrees to the
west of Okoro-3 and reached a total depth of 6,870ft. A full suite of pressure
and log data was acquired and, as planned, the well was not tested. A total of
70ft (True Vertical Depth) of net oil pay was encountered, which was greater
than expected at this location. Evaluation of the well results are on-going and
preparation and submission of a Field Development Plan for the Okoro and Setu
Field development to the Government of Nigeria is scheduled for January 2007...............................

......................A nine month development drilling programme on both the Okoro and Setu Fields is
scheduled to commence in Q3 2007 using the Global Santa Fe Adriatic VI drilling
unit and the Company remains on schedule to achieve first oil in early 2008..

Regardez vous.

UBS really did well with their selling off...........not!

Brilliant news !

Magnifique

Le Maily Dail

Tipped by Midas in todays Mail on Sunday.

"Afren

This is an oil and gas exploration company with a difference. It was founded by the former secretarygeneral and president of Opec, Dr Rilwanu Lukman, with the express intention of looking for oil and gas in Africa in partnership with local businesses.


This means the company is seen to be supporting African enterprise, rather than profiting from the country's natural resources at the locals' expense.

The management team is highly impressive - Lukman himself is widely respected and chief executive Brian O'Cathain is a true industry veteran. Afren has already had some success and 2007 should see further exciting developments. The shares are trading at 57p.

Tout fais bon!

"gmph1:- Are Exxon pulling out of the JDZ? (40% Block 1)

(Page 6)

http://www.menas.co.uk/pubsamples/NF1206.pdf

gpmh1 "

Afren PLC
08 January 2007

AFREN plc ('the Company')

Shareholding in the Company


The Company was notified on 5th January 2007 that, as at close of business on
4th January 2007, Lehman Brothers International (Europe) had an interest in
20,605,424 Ordinary Shares of 1p each in the Company. This represents 10.76% of
the total issued share capital of the Company.


8th January 2007


Enquiries:

Pelham Public Relations
James Henderson

I know production is expected in 2007, but does anyone have any idea when in 2007?

http://www.mbendi.co.za/facility/16/f062.htm

2008

thought it was somewhere in Q4 (or Q3).... and that was just for the start.... they were trying to ramp it all up so that they were in full production by early 2008....

so it's more like Q1 or Q2 2008 that i am waiting for..... for full production....

"The Field Development Plan is on schedule to be submitted to the Government of Nigeria in January to commence a fast-track development programme in Q3 2007. Afren and our co-venturers AMNI remain on track for production of 15-20,000 bopd by early 2008"

http://www.afren.com/press.asp