< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
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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

steady day but may revese a little
bullish city chat though may add

dull day alround.,.

Stop to 159.3 to lock in even more gains.

You reckon it is running out of steam?
(I saw the other day that G Sachs were closing their long positions:
"crude oil, copper, cotton, soyabean and platinum

Risk-reward no longer favours being long CCCP
Although we believe that on a 12-month horizon the CCCP basket still has upside potential, in the near term risk-reward no longer favours being long the basket and we are recommending closing the position for a 25% return versus a 28% target. While crude oil, cotton and copper prices have substantially exceeded our targets, platinum and soybean prices have lagged.

Near-term crude oil price risk is becoming more symmetric.
Although potential contagion risk in the Middle East and North Africa (MENA) remains elevated and has pushed prices above $125/bbl, at these price levels the risks are becoming more symmetric, which shifts the risk/reward of being long oil. Not only are there now nascent signs of oil demand destruction in the United States (see April 5 Energy Weekly), but also record speculative length in the oil market, elections in Nigeria and a potential cease-fire in Libya that has begun to offset some of the upside risk owing to contagion, leaving price risk more neutral at current levels.)

Hindsight is a wonderful thing Harry, never been great at picking tops or bottoms. Sitting on large profits, my target was 180.0 should have taken profits @ 170.0. If I get stopped out,probably wont be long before I'm back in. A profit is not a profit until banked.

quite so CC, and as you know, that is usually my mantra ...... however, though i have indeed traded this to zero from time to time, i think that is has a great medium/long-term future ..... i doubt it will ever be a rocket, but it's even less likely to be a stick

i rather like the look of the chart too, with 25+50 dma coinciding a smidge below 160, which should lend good support .... also look at the way sp has reacted over the last many months to that 25 dma

cynic - I'm hoping 160.0 is support. I agree long term the future is bright.

Stopped out this morning as expected, Goldman Sachs downgrading oil again hasn't helped. Full year results 06th June, in meantime could drift down to 140ish.
My strategy now FWIW,placed Limit Buy (SB) @ 162.0, if it drops below 150.0 will place another @ 152.0 catching it on the way back up. Initial Target 200.0
Then again I could be totally wrong and it goes on a flyer this aft or tomorrow. Not holding my breath either way, happy to have large profits banked for now :O)

is mr goodluck good for afren???

acceptably honest elections in nigeria certainly are

Looking good to test 173.0 fingers crossed!

http://www.investegate.co.uk/Article.aspx?id=201104280700145885F

BarCap: reiterated overweight, TP raised to 195 from 185

Got stuffed this week,looked promising too. Stopped out @ 145.2 -14.9
Believe there is an interim statement on 16th May prior to full year results on 6th June. In view of that left a Limit Buy (SB) @ 152.0 same strategy. Haven't got the balls to short it, Ftse Futures not looking great for Monday at the moment though. NT back from his hols, he bailed out @ 159.0 which is ironically where I got stopped out last week.( Actually 15th April got stopped out it just feels like it was only last week :O)...)

Price will be up Monday that's for sure.

7th-May-2011 13:54Source: BSE
Mercator Lines - Update on FPU Project
With reference to earlier announcement regarding signing of 7 year contract to charter out Floating Production Unit to M/s Afren PLC, UK at their EBOK field in Nigeria; through Company's subsidiary in Singapore, Mercator Lines Ltd has now informed BSE that the Company successfully commissioned the Floating Production Unit (oil production has started).

The commissioning of the contract will substantially add to the consolidated revenues of the group over a period of 7 years

http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=432174

Additional Listing

Application has been made to the UK Listing Authority and the London Stock Exchange for the admission of an Additional Listing of 5,200,000 ordinary shares of one penny each in Afren plc, to the Official List, for these securities to be admitted to trading on the London Stock Exchange's main market for listed securities. The application has been made in connection with the exercise of warrants over 5,200,000 ordinary shares. These shares will rank pari passu with the existing issued ordinary shares of the company.

http://www.bloomberg.com/news/2011-05-11/nigeria-s-senate-plans-to-pass-delayed-oil-industry-reform-bill-next-week.html

http://www.tullowoil.com/index.asp?pageid=432

Tullow expected to drillBlock 10A in Sept.? A 20% stake for AFR.

JPMorgan: reiterated overweight. TP raised to 195 from 170

another nice little update
Ebok field output ahead of expectations, says Afren