< "> 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

Washing-up all done :) More wine about to be consumed by the fireside. And you? - No doubt sipping something special from that cellar of yours!

1996 pommard with some new season's lamb + pommes risollees + buttery spring cabbage with caraway seeds ..... think you could have managed that + afters?

I reckon so - should have invited me down to help polish it off.

Afters????... C'mon, keep it clean! ;o)

Hem hem!

who asked you to join the party?

TG - polished off with the soapy water (+ washing up!)

Note it wasn't me who commented on that ;)

.. I meant commented on the afters... Off to said fireplace: cheers chaps!

StockMarketWire.com
Afren has appointed Dr Niall McCormack as exploration director and Ravi Sharma as production and development director.

McCormack who assumes responsibility for the firm's exploration strategy and work programme held various senior positions within Hess Corporation, most recently managing exploration, exploitation and appraisal for Africa.

Sharma has over 20 years' international experience in reservoir engineering, management and subsurface development and has held senior positions at BHP Billiton, Occidental, BP and Baker Hughes.

Afren also announced the appointments of Ricardo Ramirez as corporate geosciences manager; Ron Parenti as corporate drilling manager, Kelechi Ojukwu as asset manager for OML 26 and Shahin El-Sharif as engineering and planning manager.

Great - sounds like they're putting a good team together.

.

deleted to save mistress T's blushes!!

Looking forward to tomorrows results,although if true a little disappointed with the E-Bok delayed production of another 3 months?

http://www.bloomberg.com/video/68093986/

http://www.investegate.co.uk/Article.aspx?id=201103290700157844D

I've added both reports to the header.

Very good results !.....and big exploration upside, .....sp could climb all the way to 2.5 at a guess, during this year.

March 29 (Bloomberg) -- Afren Plc, a U.K. oil and gas
explorer focused on Africa, has a very rich acquisition
pipeline after exceeding a target for bond sales, Chief
Executive Officer Osman Shahenshah said.
The company raised $500 million in a bond sale last month,
beating a goal of $450 million, following very strong demand
from investors, he said.
Its helpful to have additional funding, Shahenshah
said in phone interview today. There are many, many
opportunities in Nigeria and elsewhere.
Afren expects to triple revenue this year to more than $1
billion, Shahenshah said, as the startup of Nigerias Ebok field
boosts overall production. The company posted a maiden full-year
profit of $45.9 million in 2010, according to a statement,
sending its shares to the highest in almost three years.
Shahenshah declined to say whether Afren is bidding for
fields owned by Royal Dutch Shell Plc in Nigeria. We see many
opportunities that are quite interesting, he said.
Shell, Europes largest oil producer, agreed last year to
sell four fields out of a total of 34 blocks it holds in
Nigeria. The sale attracted bids from companies including Essar
Group, Seven Energy Ltd. and Afren, according to two people with
knowledge of the matter at the time.
Afren plans to almost triple production this year to about
40,000 barrels of oil a day after the Ebok startup. It plans to
drill high impact exploration wells in Ghana, Nigeria, Kenya
and Tanzania this year.

Keta Sale

Afren agreed to sell 35 percent of its Keta Block in Ghana
to Eni SpA of Italy. The partners, including Mitsui & Co and
Ghana National Petroleum Corp., plan to drill the first well at
Keta in the third quarter, at an estimated cost of as much as
$80 million, Shahenshah said.
Last week, it said it acquired a 74 percent interest in the
Tanga block onshore and offshore Tanzania from Petrodel
Resources Ltd. In January, Afren said it was targeting about 900
million barrels of oil and gas resources from Kenya, Madagascar,
Seychelles and Ethiopia.
East Africa is highly prospective and its very
undrilled, the CEO said. We are one of the pioneers and some
other larger companies are entering the area.
Afren plans to invest $450 million this year in
exploration, appraisal and development, up from $437.1 million
last year.
The Ebok field in Nigeria is currently producing at a rate
of about 17,500 barrels of oil a day from four wells and daily
output will rise to 35,000 barrels by the end of the second
quarter, he said. Afren rose as much as 5.5 percent in London trading to 173
pence, the highest since June 2008.

For Related News and Information:
Most Read African Stories: MNI AFRICA
On Mozambiques Oil Industry: TNI MOZAMBIQUE OIL
On Energy in Tanzania: TNI TANZANIA NRG

Offshore staff

MILAN, Italy -- Eni has agreed to take a 35% operating interest in the Keta block offshore Ghana from current operator Afren.

The farm down is subject to approvals from Ghanas government and the other partners, GNPC and Mitsui.

Afren will retain a 35% participating interest. In exchange, Eni will carry Afrens share of costs associated with drilling one exploration well during the current exploration period.

Afren also will receive non-drilling back costs and a carry through a 3D seismic acquisition program required for the next phase of the license phase.

Eni already has a presence in Ghana and has a drilling rig available that could spud an exploration well on the Keta block this summer.

The acreage is in the Volta River basin off eastern Ghana, next to the maritime boundary with Benin.

Afren says the block has Tertiary and Cretaceous prospectivity, with the exploration focusing on the Cretaceous Albian to Campanian sections.

There are a variety of trapping and depositional settings, some of which show potential for significant stratigraphic trapping and giant fields.

Last year the partners pursued subsurface studies that led to identification of several large-scale prospects in the same Turonian intervals that have proven to be prolific hydrocarbon reservoirs in Ghanas eastern offshore zones.

As a result, gross unrisked prospective resources on the block have been upgraded to 1,412 MMboe.

Off neighboring Cote dIvoire, Afren operates the CI-01 block, which contains a proven petroleum system in multiple reservoirs within the Cretaceous.

Oil and gas has been found and tested in the Ibex and Kudu fields, and gas in the Eland field.

The block is adjacent to the Jubilee and Tweneboa oil and gas discoveries.

Afren has applied the latest understanding of the Cretaceous depositional systems to the existing well and seismic dataset to redefine the distribution of oil and gas in Kudu and Ibex, and other accumulations on the block.

The company now thinks these discoveries could be significantly larger than originally mapped.

Afren is performing detailed subsurface work and aims to establish a well site to test the new Cretaceous interpretation.

It also is considering acquiring more 3D seismic over the block, and evaluating other techniques such as electromagnetic surveying to aid its understanding of these complex depositional systems.

To speed appraisal and development of the block, the partners are investigating joint development opportunities with operators of adjacent acreage

To the east in Nigeria-Sao Tome & Principe JDZ block 1, Total has taken Chevrons 45.9% operating interest (Afren has a 4.4% interest).

The block covers an area of around 700 sq km (270 sq mi) in water depths ranging from 1,600-1,800 m (5,249-5,905 ft).

A discovery resulted from Obo-1, the sole exploration well to date in the block in 2006, which encountered 150 ft (45.7 m) of net pay and proved a working hydrocarbon system in the JDZ.

Total plans to reprocess the existing seismic data and has proposed drilling this year one appraisal well on Obo and one exploration well.

Afren also has a 25% interest in block 2B offshore South Africa, operated by Thombo.

This concession is in the Orange River basin, a shallow water area between the Ibhubesi gas field and the Namaqualand coast.

It covers around 5,000 sq km (1,930 sq mi), with water depths ranging from the shore line out to 250 m (820 ft).

The main reservoir objectives are the fluvial and lacustrine sands of the Lower Cretaceous AJ graben, which occur in three sequences.

The A-J1 exploration well, drilled in 1989, encountered oil in these sequences, and tested 36 API oil.

Reprocessing of 2D seismic data has since defined other Lower Cretaceous rift graben prospects, genetically analogous to the Lake Albert play in Uganda.

And further prospectivity has been identified within a fractured basement play (analogous to Yemen), which could form a secondary exploration play.

In the near term, the partners will acquire 350 sq km (135 sq mi) of new 3D seismic data, reprocess existing 2D seismic, and continue seismic inversion and regional biostratigraphy studies ahead of exploration drilling in 2012.

Operatorship will transfer to Afren on completion of the seismic acquisition.

03/29/2011

Not long now for the bidding result?

http://www.thisdaylive.com/articles/shell-board-meets-on-oil-blocks-sale-wednesday/88698/

Results are a mixed bag, says Arbuthnot Research.
The stock is rated a buy with TP of 209p.