< "> 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

Looks like the '140p brigade' may be right.

Certainly struggling to appreciate a bit of positive news!

http://www.investegate.co.uk/Article.aspx?id=201107271647012128L

http://www.investegate.co.uk/Article.aspx?id=201107271647132130L

http://www.bloomberg.com/news/2011-07-27/afren-pays-588-million-for-kurdish-fields-expands-from-africa.html

Now it's the time to buy... good plans to expand into Kurdistan.

i agree and just bought a few more at 137 .... fall probably triggered by heavy breach of 200 dma, but surely overdone

You know there is a bookrunning process this am cynic?

Yeah, buyers are moving in strongly... very good opportunity... bought some myself at 137.5p

With the US being forced to cut back on military spending Iraq is soon going to be controlled by some nasty people who will not be working with Western companies.

Strange that anyone should be getting into Iraq just when its starting to look dark on the horizon.

Perhaps Afren have not been watching the TV about US Debt and cutbacks.


Now, I can understand the selling companies, best get something for it before US forces are totally gone and the country falls into the abyss............

says he who sold out awhile back.....

87.3 million new shares to be sold, plus an increase in debt. Will be interesting to see where the sp ends up at the end of the day.

Good luck to those in - chart says "na".

Harry.yes my thoughts,at what price the placing?

"The Placing is being conducted, subject to the satisfaction of certain conditions, through an accelerated book-building process to be carried out by Merrill Lynch International ("BofA Merrill Lynch") and Morgan Stanley Securities Limited ("Morgan Stanley"), acting as global co-ordinators and joint bookrunners (together the "Joint Bookrunners"). The identity of Placees and the basis of the allocations are at the discretion of Afren and the Joint Bookrunners. The number of Placing Shares and the price at which the Placing Shares are to be placed (the "Placing Price") will be agreed by Afren with the Joint Bookrunners at the close of the book-building process. Details of the number of Placing Shares and the Placing Price will be announced as soon as practicable after the close of the book-building process.

The Placing Shares will be issued credited as fully paid and will rank pari passu with existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the Placing Shares. The Placing will be made on a non pre-emptive basis.

The Company will apply for admission of the Placing Shares to the Official List of the UK Listing Authority (the "Official List") and to trading on the London Stock Exchange's main market for listed securities ("Main Market") (together, the "Admission"). It is expected that Admission will take place and that trading will commence on or around 2 August 2011. "

All good here long term 8-)

At some point blanche, may be worth locking in some profit just in case the new iraqi (Kurd) deal goes sour? A bit galling for all to see the sp fall from 170+. I know you have been holding these for a long while. Must be a least a cruise worth of profit!!!?

Actually reduced by half my holdings(along with ohter stocks) sometime back,more to do with the market in general. As far as the latest acqu,a little concerned that i'm already subject to Iraqi exposure,via GKP?

It's good to see institutional investors are backing their expansion into Kurdistan. It shows Afren is going multinational for a start.

135P the placing price tp me,seems reasonable? See what tomorrow brings,but thinking of reducing further or even selling all,for now?

140 holding fast .....just like me!!!

Result of Placing - 113.0 million (US$184.5 million) Raised

Afren plc announces that it has raised 113.0 million (US$184.5 million) before commissions and expenses by the placing completed today of 83,679,544 new ordinary shares of one penny each in the capital of the Company (the "Placing Shares"), with institutional investors, at a price of 135 pence per share (the "Placing"). Merrill Lynch International ("BofA Merrill Lynch") and Morgan Stanley Securities Limited ("Morgan Stanley") are acting as global co-ordinators and joint bookrunners (together the "Joint Bookrunners") in relation to the Placing.

The Placing represents in aggregate approximately 8.49 per cent. of the issued share capital of Afren prior to the Placing. The Placing Shares will, when issued, rank pari passu in all respects with the existing issued ordinary shares of Afren, including the right to receive all dividends and other distributions declared, made or paid after the date of issue."