< "> 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

When you think about it -
The CEO and COO are suspended, and replacement directors are working.
Afren plc is said not to have lost financially ? Have they lost physically or what ?

Afren it seems can carry on pretty much as usual without those two directors,
and if they did return, who would trust them again.
The new temporary directors have good oil industry experience and may provide
some fresh thinking into the Company.

Lets get Kurdistan on stream with the new pipelines having been put into operation
there, and lets get Madagascar drilling started now that elections have been
held in Madagascar and we have a more stable Madagascar Government


I those two could be cleared out ( the CEO and COO ), it certainly would create
more trust, and we probably would have more City etc support and confidence in
Afren after what seems to be several dodgy deals by directors.

This incident may be no loss to Afren, but in fact an unplanned benefit.

The shares could now be worth more than before they crashed, with some
fresh and less self centered directors in place !
Maybe we should not fret about this incident at all - it could be a good opportunity.

bad rns,,,,,,,,,,,,,,,,,,,,,,

RNS Number : 5974O

Afren PLC

08 August 2014






Afren plc




Operations update at Barda Rash, Kurdistan region of Iraq



London, 8 August 2014



Afren plc ("Afren" or the "Company") has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues. Working with our local security advisors, Afren is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field. All other Afren operations in the Kurdistan Region of Iraq remain unchanged. Afren will continue to closely monitor events on the ground in consultation with our security team and the relevant authorities. It is expected that we will return to field operations as soon as it is prudent to do so. The suspension is not expected to have a significant impact on the Group's cashflow.

from Oriel Securities:

Afren - temporarily suspend operations at Barda Rash in Kurdistan Region of Iraq. In light of heightened regional security related issues the company is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field. The suspension is not expected to have a significant impact on the Group’s cashflow. Bottom line: In our yesterday’s upgrade note on Afren we already took a more conservative production ramp-up view on Barda Rash asset as we saw it as an obvious candidate to experience operational delays. Therefore, this morning’s announcement has no impact to our valuation or view on the company. Similarly, with the recent share pull back, we don’t see this morning’s news having a significant impact on the shares on the market. If anything, this may have a tendency to save some of this year’s capex that might have been allocated to this asset in Kurdistan.

Too risky at the mom I expect a fall to 80p.

mitzy - why do you expect a fall ?

Gut instinct is no use in this game.
We do not have any brains in our guts I am told.

If we have a thought then perhaps it should be followed by some reasoning.
Even when we bet on a horse there is usually some reasoning behind it.

back to 2011 levels..?

Mitzy
Oh - Is that your logic ?
OK

rekirkham.....see GENL chart. Looks like investors in the region are all getting a little nervous.

I agree GENL, and Gulf Keystone very weak.
Also Ferrexpo is weak with problems in Ukraine.

As you know Afren is also in Iraq, but that share price is bombed out already below NAV already.
With Afrn it all hinges on what news we get next - re directors
( ? If directors are sacked will it go up, as we already do not trust them ?
If directors are reinstated will it go up ? ) Is that a "catch 22" ?

We need America to go into Kurdistan only, and clear up there.
Forget about wider Iraq, they had their chance and messed it up.

Would we all be better off without religion ? Sunni, shia, catholics, anglicans, protestants, jews, etc etc ...
I do not think Buddism is a religion as such is it ? That is my choice for "comfort and guidance"
I guess it would be too much to all agree to worship the same prophet from God ?
Who is God you ask ? -
I thought I was talking about Afren !!!

p.s. - Good old America - they are the saviours for the world it seems.

UN can not make any decisions only veto's, from Russia etc
Does Germany have an army yet ? they never seem to get involved these days
Switzerland, Portugal, and many others just keep quiet, and hide behind our skirts.
EU - I now longer understand what they are all about., We are better out of that club.
UK and France seem to have heart in right place, but are weak on their own.
Russia - Who knows what their motives are - is it expansion still ?
China - a big wealthy country - seems to have problems within.
Saudi, Iraq, etc after all they are mainly Muslim - why do they not do more than America ???

God ( whoever he is ) bless America, our saviour,
- who carries the can and takes the blame and pays the bills, without much credit

Buddhism you say?
Hmmmmmmm.....not so sure!

http://www.coastaldigest.com/index.php/news/66143-myanmar-buddhist-terrorists-threaten-massacre-of-muslims-in-ramadan

Harrycat - Now you have dashed all my hopes
( Sorry we should now be on "Talk to yourself thread" I think )

There should be limit that each country should only have 5% Muslim in a Christian country, ect,ect,ect,

this isn't a christian country!

Do it anyway

Anybody like to take a guess on how long it will take for news on what as been going on with those two directors

depends who has to be paid and how much to keep it all under the carpet! :-)

Sounds just like Britain !.....in fact Money AM is one of the rare places where you express yourself....unusual for this country with all the corrupt media there is around....Africa can't work without it.....(must have taken a leaf from Fifa)...

Up 3% - more buyers than sellers
News should soon be out - maybe some leaks are now seeping out ?
Kurdistan / Iraq today much more settled