< "> 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

agreed :-))

I bought more the other day.

Last page of Asian presentation shows NAV
Risked NAV approx $4.7BN
Unrisked NAV approx $16.5BN

Multibagger from here.

The markets still remain unconvinced it seems even with a M/C of just 1.8bn. Its on days like today when the 250 is 170 odd points up that we should be shining, that is considering we dropped 7p one day this week when the market dropped only 60pts.
I'm amazed that the FTSE. continues to defy logic and appears unstoppable, my fear is it can't last and when coming down to earth with a bang brings AFR. down with a crash.
Expectant news on the Keta spudding and apraisal will help of course, thats if its positive. Time will reveal all.

Former Shell man joins Afren

StockMarketWire.com

Patrick Obath, who spent 20 years in a variety of positions with Shell, is joining Afren as a non-executive director.

He is currently Chairman of PZ Cussons EA and is a non-executive director at Standard Chartered Bank Kenya and Kenya Power and Lighting Company.

perhaps he'll soft-soap investors and others

..............

Afren today announces that Eni Ghana exploration and production Ltd. ("Eni"), operator of the Keta block which is located in the Volta River Basin offshore Eastern Ghana, has commenced drilling of the Nunya-1X (formerly named Cuda-2) exploration well with the Marianas semi-submersible drilling rig. The Nunya prospect is a four-way dip closed structure with a primary reservoir target comprising Upper Cretaceous deep-marine fan sandstones that are analogous to those that have yielded significant discoveries elsewhere along the West Africa Transform Margin.

Following the farm out in 2011 of a 35 per cent participating interest in the Keta block and transfer of operatorship to Eni, Afren has a 35 per cent participating interest in the block.

Not a blog for two whole weeks.....why is this not above 150p.....crazy !.....

scampering up on the rails almost unnoticed

Sold a few a bit too early at 135.50p

Also sold a few @140

Looks as though they're still on the up!

StockMarketWire.com
Afren's (LON:AFR)shares were up by more than 7% in late afternoon trading after an information update showed a big rise in operating profits and revenues.

Afren's 10-month update - which was issued in connection with a proposed offering of senior secured notes - showed operating profits of $160.5m to the end of October against $94.6m in the comparable period of 2010.

Revenues rose to $404.0m from $298.9m and pre-tax profits from continuing activities increased to $132.7m from $78.5m.

this is one of my faves, but the going now gets tough and then tougher ..... first obstacle is 150, but then there is a lot of congestion between 150 and 170

I didn't think the figures were outstanding, which is why i sold some. We'll have a better view of what the market thinks tomorrow.,.

The bid for Cove by Shell helped the Afren share price

Their results were surely a contributing factor:

Oil & Gas Sector: Afren shares rise after update shows increase in revenues and profits
StockMarketWire.com
Afren's (LON:AFR)shares were up by more than 7% in late afternoon trading after an information update showed a big rise in operating profits and revenues.

Afren's 10-month update - which was issued in connection with a proposed offering of senior secured notes - showed operating profits of $160.5m to the end of October against $94.6m in the comparable period of 2010.

Revenues rose to $404.0m from $298.9m and pre-tax profits from continuing activities increased to $132.7m from $78.5m.

Golden cross coming. Then boom! Not selling any til at least £2.00

It won't be a true GC for which both MAs should be rising, on this occasion the 200 will probably still be pointing marginally South. There is also a good chance that the SP will retrace to the GC when formed before resuming it's upward trend.