< "> 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

Oriel Securities has upgraded AFR from hold to buy.

http://www.stockmarketwire.com/article/4259499/FLASH-Oriel-Securities-upgrades-Afren-from-hold-to-buy.html

from spikeyDT on another thread
Genel to start trading Monday
Fri 18 Nov 2011
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=5147296

LONDON (SHARECAST) - Oil and gas explorer Genel will start trading on Monday after Vallares, the firm it was recently merged with, issued its Genel prospectus on Friday, three days sooner than expected.

In September, Vallares, which is led by ex-BP frontman Tony Hayward, who resigned from the firm in 2010 after the Gulf of Mexico disaster, announced the reverse takeover of private Turkish group Genel Enerji.

The new company will be renamed Genel Energy.

Genel's main asset is the Taq Taq oil field in Kurdistan, Northern Iraq, which is currently producing 90,000 barrels of oil per day (bppd).

RBS sees the merger as a net positive for the UK exploration and production (E&P) companies already present in Kurdistan. In particular, the broker sees the acquisition having a positive impact on FTSE 250 oil and gas group Afren, saying that the stock remains one of its top sector picks.

Speaking about the takeover, Hayward said back in September: The Kurdistan Region of Iraq is undoubtedly one of the last great oil and gas frontiers. Arguably, it is the last big onshore 'easy' oil province available for exploration by private companies anywhere in the world.

The company is expected to be among the top three independent UK listed E&P companies by 2P reserves, with an estimated unrisked resource base of 1.4 billion boe, including proved and probable reserves of 356 million barrels.

Current production of 41,000 barrels a day is predicted to be ramped up to 90,000 by 2013.

In S/Bet @ 83.1

Short I assume?

No Harry, NT bought these in the 70s so just doing my usual getting in on the dips, possible may go down to the entry I really wanted 60's in which case will add. Tgt short term (hopefully before Xmas) 110.0.

With the gap filled (around 75p?)it will be interesting to see were support lies? Best wait
and see,perhaps a couple of points might confirm it so?

http://www.investegate.co.uk/Article.aspx?id=201111280700328389S

Morgan Stanley - Buy - Target 2.00

Merrill Lynch - Buy - Target 2.24

Upside opportunity-set across portfolio now the real focus
With the symbolic 50kboe/d target now in sight, the focus should move towards the more meaningful opportunity set in 2012 within the Nigerian portfolio, as well as its 4-well East Africa exploration plan, and both development and exploration wells in Kurdistan. The field trip demonstrated that the upside potential in Nigeria is substantial. Okoro East, which spuds Dec-11, has mean recoverable volumes of 40mmboe and could be larger than Okoro itself. Ebok North Fault Block, to be drilled in 2H12, targets 35mmboe of additional recoverable volumes. The recent completion of 345 sq km of 3D seismic across Ebok, Okwok, and OML 115 brings a deeper understanding of the region and could yield sizeable follow-on opportunities with OML 115 alone containing unrisked upside of >200mmboe.

http://www.investegate.co.uk/Article.aspx?id=201112010705051251T

Stop to entry for risk free trade.

I think this is the bottom for the day. MMs tried their best, should start recovering.

Historically it falls between 3:00 to 3:45 everyday.

recovering slowly.

I am dying slowly.


Which will win?

If you smoke and over wieght..........Afren.,.

What do you Afren fans think of Questors sell note in the Daily Tel at 90p. Morgan Stanley (I believe it is them) and others have a share target of 2.20 or there abouts. I believe the DT has a point. Just like the rest of the world Afren have taken on too much debt and just like the rest have continued to pay the board well. The average share punter now lives in a very dangerous world and are considered chicken waiting to be plucked. Who were the Institutions that took up the 1.35 placing a short time ago? The poor old pensioners I guess not the Fund managers who are now thinking about the year end bonus.
Happy Christmas and a prosperous New Year to you all.

and i thought i was a cynic!

colin,

Not a fan, but I hold some shares which Ibought at an unpleasant price.

The valuation made by the markets at the moment have little relationship to ultimate values.

They seem to be based more on whim and fancy and the SP are been pushed around by short term speculators.

Unless you are "very smart" the cost of turnover of trading in such markets is costly and at the moment I intend holding Afren for long term gain,

Looking at forecast earnings, I guess 12 mths on, unless there is complete crash in the Eurozone etc. the selling price will be about 180 +

Bur, unfortunately I am often wrong.


Have a look at long term forecasts or guesses.

or sell short if you believe your own post

yes and no, but it should get to previous levels soon.

Which previous levels?