niceonecyril
- 04 Apr 2009 08:30
derwent
- 08 Aug 2014 08:32
- 2507 of 3666
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.
mitzy
- 08 Aug 2014 11:01
- 2508 of 3666
Too risky at the mom I expect a fall to 80p.
rekirkham
- 08 Aug 2014 11:09
- 2509 of 3666
mitzy - why do you expect a fall ?
rekirkham
- 08 Aug 2014 11:51
- 2510 of 3666
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.
mitzy
- 08 Aug 2014 11:51
- 2511 of 3666
back to 2011 levels..?
rekirkham
- 08 Aug 2014 12:09
- 2512 of 3666
Mitzy
Oh - Is that your logic ?
OK
HARRYCAT
- 08 Aug 2014 13:02
- 2513 of 3666
rekirkham.....see GENL chart. Looks like investors in the region are all getting a little nervous.
rekirkham
- 08 Aug 2014 13:32
- 2514 of 3666
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 !!!
rekirkham
- 08 Aug 2014 13:47
- 2515 of 3666
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
HARRYCAT
- 08 Aug 2014 13:56
- 2516 of 3666
rekirkham
- 08 Aug 2014 14:00
- 2517 of 3666
Harrycat - Now you have dashed all my hopes
( Sorry we should now be on "Talk to yourself thread" I think )
aldwickk
- 08 Aug 2014 14:19
- 2518 of 3666
There should be limit that each country should only have 5% Muslim in a Christian country, ect,ect,ect,
cynic
- 08 Aug 2014 14:28
- 2519 of 3666
this isn't a christian country!
aldwickk
- 08 Aug 2014 14:39
- 2520 of 3666
Do it anyway
aldwickk
- 10 Aug 2014 15:24
- 2521 of 3666
Anybody like to take a guess on how long it will take for news on what as been going on with those two directors
cynic
- 10 Aug 2014 16:04
- 2522 of 3666
depends who has to be paid and how much to keep it all under the carpet! :-)
required field
- 10 Aug 2014 19:42
- 2523 of 3666
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)...
rekirkham
- 15 Aug 2014 10:41
- 2524 of 3666
Up 3% - more buyers than sellers
News should soon be out - maybe some leaks are now seeping out ?
Kurdistan / Iraq today much more settled
rekirkham
- 15 Aug 2014 11:00
- 2525 of 3666
Seeping and creeping ..... ????
.... up over 4.5% so far today
.... somebody out there knows something I think
.... we may get some news soon ... I hope !!
aldwickk
- 20 Aug 2014 08:53
- 2526 of 3666
Breaking 110 next stop 115 , yes news thursday / friday maybe