< "> 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

I'm complaining because they're going backwards. 2.75- fold is not a spectacular since the recovery in 2009. We are now trailing the FTSE 250 by 20% since that time and for a growth stock that is'nt great. All midcap and smaller oil stocks are indeed volatile but some like GKP, RHP just get it right. Did not buy 150k in one go by the way.

so sell out if you are scared or whatever and put your money elsewhere

getting it up through the 150/170 level may not be easy. theres some stiff resistance
there. it needs to penetrate and stay up to be successful (LoL)
for gap theorists,i.e. gaps in price on the chart have to be filled then we have one sitting down at
87sh level. may or may not happen. please dyor. todays close 124.70
good luck
regards
jkd

Scared no cautious yes. Suppose the less you have the more cavalier you can afford to be.

must admit i've reduced what i held over the last few weeks.,.

It's the time to buy not sell....

RF - he means his penis enhancement was a failure and had to be removed ..... apprently it impressed the donkeys on WsM beach but no one else

I hadn't thought of it that way.....

It only suffered after seeing you cyners.,.

it shouldn't have made you cry - really not

you shouldn't be so tight.,. specially the pub we went to.,.

you're right, it was truly awful

Investec note :
"FY11 results were in line with our forecast and we leave our TP and rec unchanged – with 28% upside even post the 53% rise in the shares YTD. 2P reserves up 132% to 185 mmboe and the group is firmly on track for 2012 production of 42,000 – 46,000 boepd. Currently participating in high impact wells offshore Ghana and onshore Kurdistan region of Iraq in a programme we value at 62p risked.
Production hiccup at Ebok overcome. Net average working interest production in 2011 averaged 19,154 boepd (increase of 34% on 2010: 14,333 boepd) as a result of the successful commissioning of the initial phases of the Ebok field development. However, longer than anticipated periods of facilities-related downtime at the Ebok field owing to simultaneous operations and other logistical-related delays impacted average production during the period. Independently assessed recoverable reserve estimates at the Ebok field have remained unchanged, and Afren was able to increase output at the field sharply during the fourth quarter, to achieve an exit production rate ahead of guidance. Full year 2012 net production to average between 42,000 and 46,000 boepd. Longer term, Afren has a pipeline of large-scale development projects from known 2P and 2C reserves and resources today that is capable of delivering net production growth to 100,000 boepd by 2017.
Multi-well drilling programme underway. Nunya-1 prospect targeting a Cretaceous aged reservoir similar to Tullow’s Jubille field, on the Keta block offshore Ghana, is the highest impact exploration well to be drilled with the success case almost 66p/share. This well was delayed by damage to the Transocean Marianas rig. Additional drilling in Kurdistan, offshore Madagascar, Tanzania, Nigeria, the JDZ and onshore drilling in Kenya and Kurdistan is planned during 2012."

10 April: Canaccord Genuity : Buy - Upgraded from TP 140p to 160p.

heard it all before but would be nice to see it go to 160 AND STAY THERE.,.

Significant Oil Discovery in Kurdistan

the interesting bit ...

Osman Shahenshah, Chief Executive of Afren, commented:
"The successful result of the Simrit-2 exploration well represents a second major exploration success for Afren in 2012, following on from the Okoro East discovery offshore south east Nigeria. The scale of the oil column that has been intersected suggests that the Simrit structure and surrounding prospects elsewhere on the Ain Sifni PSC have the potential to be transformational for Afren".


i wonder what if any impact this will have on gkp

or the sp.,.

This is very good news for Afren... new territory of success

good news rather than very good news - afr only has a % of this find not all of it - the best bit for me it is light oil