< "> 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

Bank of America Merrill Lynch said the results should bring comfort to investors.

"The 30 percent drop in the shares month-to-date (one of the weakest in our coverage) does not reflect the improving outlook for the company," it said. "The Ebok field ramp-up remains key to the story near term and management appears to be making good progress."
http://uk.reuters.com/article/2011/08/30/afren-results-idUKL4E7JU16E20110830

Interim figures are pretty poor though and had the sp not already tanked from c170p, then I would have expected it to do so now.

Regards production
13000bpd H1 poor but
25000bpd 2011
which makes 37000bpd H2
Start 2012 on 50000bpd

Collins Stewart upgrades Afren from hold to buy, target price cut from 175p to 135p.

From little acorns do mighty oaks grow. 8-) `2012`

Can't wait that long

`Good things come to he who waits`!

Regards brokers HARRYCAT
All buys in the last few days after results
RBS target 2.00
Evolution target 2.10
UBS target 2.05
Citi target 1.58

Not in the real World

Ramp up in production from 13000 to 60000boepd from H1 2011 TO 2012
Company undervalued at these prices
Aldwickk get in the real world

Cheers derwent. Only saw the C. Stewart note, but I only use them as a guide as they all seem to arrive at their target price from different calculations. Just extra info really, not to be taken as gospel.

I've added this useful link for oil prices,also gold silver and copper. At the top of the header post 1.

http://www.oil-price.net/index.php?lang=en

which type of oil is AFR producing.... $28 price differential between Brent and WTI.

having read their recent results statement it would appear to be Brent.

Halifax it is brent.

steady buying today

Seems like it is happy trading around the 1 level for a while. A bit surprised it hasn't bounced further up, but maybe the extra risk of being in Kurdistan is limiting the sp.

chart looks promising

sp slipped away towards the close?

Worth trading for a 10p bounce?