< "> 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

Kieth are you still around,if so did you buy in on the lows? This is gonna make me rich!!

Hello blanche nice to see you leading the charge
Yes am still in i have never been fully out since i started buying them over 3 years although i do try and sell a few and bank a little profit and hopefully buy back cheaper, sometimes it works and sometimes it goes wrong
This will make us all rich blanche
Been taking it easy today soaking up a few rays, hopefully a good day for us tomorrow
Take care

oil dips below $69

well the bid did come for slv --see my posting on here on 24th june-no-190--worth 105p in share terms!--the shares are @80p level having been as high as 88p and still worth buying even now!--could be a counter offer i am told --afr have also done very well--still hang on in there--more to come!--good luck to you all.

Nice rising trend here....!.

Yep bye bye 60p

Something for you to read over the weekend blanche, i will have to try and raise some funds soon, can't have too many of these lol
Look at the profit forecasts for 2010

Midas update: Profit predictions make Afren worth a fresh look
Midas recommended Afren in January 2007, when the shares were 56p. They have had a rollercoaster ride since then, surging as high as 116p last summer and falling to just 13p earlier this year.
The company focuses on oil and gas exploration in Africa. It differs from many other foreign businesses in the region because it partners with indigenous African companies and state-owned enterprises, so that relationships with local governments tend to be harmonious.
Last week, Afren updated investors about one of its largest operations, a site in Nigeria called Ebok.
This will start producing oil next year and should be generating up to 35,000 barrels a day by the end of 2010, doubling the company's current production.
Analysts forecast a massive turnaround in its fortunes, with profits before tax of $108 million (65 million) in 2009, rising to $457 million next year.
Midas verdict: Afren shares are 59p, so Midas investors who have held them for the past twoanda-half years may feel slightly aggrieved. Those who took Midas's advice and sold stock when the price hit 92p last September will have done better, but clearly, the shares have been buffeted along with the oil price.
Looking ahead, however, the company's prospects are good and brokers believe that the stock should rise to at least 80p. Investors who bought in 2007 should sit tight. New investors should consider buying at current levels.

http://www.dailymail.co.uk/money/article-1197526/MIDAS-Joanne-Hart-Water-tap-cash-soon.html

Kieth i think alot of these broker recommendations are to conservative. I think this is going to be over a pound by christmas maybe 1.20 ish. After all we made to 1.80 last year, I know the oil price was twice what it is now, But look at all the news since then, and the fact will will be pumping shed loads of oil out of the ground early next year. My long term target is 3.50.
I would free up as much funds as as you can and plough it in here. As yazoo once said The only way is up! Cheers and good luck.

blanche Yazz sang that, where is she now?

http://www.yazzmusic.co.uk/

Whoops i stand corrected! Youre right

Well ? this is taking a real knock on the head...anybody that's been away for the last couple of weeks will not believe it when they look at the sp again !.

Going back down to 40p I guess in the next few days

LAGOS (AFP) - Militants in Nigeria's Niger Delta region said Wednesday they had blown up two key oil pipelines in the region operated by the Anglo-Dutch oil giant Shell (LSE: RDSB.L - news) and the Italian group Agip.

The Movement for the Emancipation of the Niger Delta (MEND) said in a statement it had blown up the lines in a pre-dawn attack in the Bayelsa state, in the Niger Delta, as part of their campaign to cripple the oil industry.

Might not go as far as 40p...the drop is certainly more than the drop in crude and might be coupled with the above news.

all oilies have been hit pretty hard, even TLW which came out with a cracking trading statement

Nigeria Rebels Claim Attacks on Shell, Agip Oil Pipes (Update1)
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By Dulue Mbachu

July 8 (Bloomberg) -- The Movement for the Emancipation of the Niger Delta, the main militant group in Nigerias oil region, said it sabotaged major crude trunk lines run by Royal Dutch Shell Plc and Eni SpA subsidiary Agip.

The latest attack against Nigerias oil industry took place in Bayelsa state at about 2 a.m. local time, Jomo Gbomo, a spokesman for MEND, said today in an e-mailed statement.

A pipeline feeding Enis Brass terminal was sabotaged at Nembe Creek, while Shells Nembe Creek line was damaged at the village of Asawo, Gbomo said. Precious Okolobo, Shells Nigeria spokesman, didnt immediately respond to a telephone message. Eni officials also didnt immediately respond to e-mails.

MEND has intensified attacks against oil installations in the oil-rich Niger River delta since the military began an offensive against its positions in May. MEND claims to be fighting for a greater share of the regions oil wealth for local communities.

Armed attacks in the delta, which accounts for almost all of Nigerias oil output, have cut more than 20 percent of the countrys crude exports since 2006. Nigeria is Africas leading oil producer and the fifth-biggest source of U.S. oil imports.

The rebel group rejected an amnesty offer from President Umaru YarAdua on June 25, saying the move failed to address key issues. Under the amnesty terms, fighters in the Niger River delta have until Oct. 4 to surrender their weapons, renounce violence and accept rehabilitation in order to avoid prosecution.

From Digital Look:


The Telegraph looks at the oil sector. Of the oil majors, BP is a buy because of its dividend. For future production growth, it has a buy stance on Tullow Oil, Dana Petroleum, Afren and Venture Production. In liquefied natural gas, BG Group is the preferred play and there is a buy stance on three oil service companies: Wood Group, Petrofac and Cape.

Perhaps the oil price will settle in a $60 to $70 zone now after rocketing to $147 and then crashing to $35 and up again to $73.....who would have thought that it would do that just 2 years ago...?....a bit like a rubber ball dropped from a high rise building with the graph starting upon impact !.

This is a bouncy baby !...I still think that this will go to the pound level within a year !.