< "> 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

Hedge is now 4.9m bbl at a floor of $90 to $95 - July 2014 to December 2015.
Afren hedge between 25% and 35% of production on an 18 month basis.

Afren 69.78 -7.15%

Other OIL related stocks on the way down at 15:00pm

Ophir Energy 177.75 -6.40%
Tullow Oil 463.85 -4.02%
BG Group 1003.50 -3.14%
Petrofac 1047.50 -3.01%
BP ........ 433.13 -2.38%

------------------------------Slow stochastic ---------

Ignoring the 2008/9 financial crisis drop, next support somewhere around the 60p level?

EDINBURGH, Nov 4 (Reuters) - Britain's top equity index edged lower on Tuesday, hit by losses in heavily weighted oil and gas stocks after the price of Brent crude slid to its lowest in four years.

Falls in the oil and gas sector took 26 points off the FTSE 100, which fell 11.77 points, or 0.2 percent, to 6,476.20 at 1502 GMT.

Tullow Oil fell 4.1 percent with heavyweights Shell and BP both down over 2 percent, as Brent crude fell near $82 a barrel - extending losses to a fourth session after top oil exporter Saudi Arabia cut prices to the United States.

The FTSE 350 Oil & Gas Index weakened by 2.5 percent.

"The energy markets are pressing down energy stocks like BP and Shell, which is a weight on the index. The key question is how long Saudi Arabia and other OPEC (oil producer) countries hold out," Jasper Lawler, market analyst at CMC Markets, said.

"If the price drops below $75, they might be forced to cut production, but at the moment they're just fighting for market share."

Got some at 72.30p as it was breaking the 72p barrier lasting almost all day
was the 72p support earlier. OIL prices recovering

mentor not sure if you're aware that there's a link in the header, for comodities?

http://www.oil-price.net/index.php?lang=en

thanks cyril

I didn't bother to look earlier, as I like to see it on a clear picture and if posible on a candlestick form

-------------------

the much awaited bounce looks like is on the way with today's 2p rise

just got back into this one myself.....took decision based upon

1....possible bid
2....when oil price falls, the production volumes are usually cut in order to support price
3.....some time in future the world economy will pick up and oil will be in demand again

one out of three would be brill

1....possible bid , cut's out the waiting game for the other two , suits me. Am sure there would a counter bid or more.

with no management left, i would have thought t/o was a racing certainty, though at what price and when is another matter

London, 6 November 2014



Afren plc ("Afren" or the "Company") announces that Mr Ennio Sganzerla has resigned as Non-Executive Director of Afren effective today in order to pursue other business interests

Having joined the board on 26 June 2009, Ennio has served as a Director of Afren Plc for over five years and has been an integral member of the Audit and Risk, Nomination and Remuneration Committees.

The Company will be announcing new appointments to the Board Committees in due course.

Egbert Imomoh, Executive Chairman of Afren, commented:

"On behalf of the Board, I would like to thank Ennio for his considerable and valued contribution to Afren. We wish him well in his future endeavours."

looks that deep shit gets even deeper ...... i still hold a few, so roll on a take-over

Audit and Risk, Nomination and Remuneration Committees ?

When it rains it certainly does a good job.
Marked down to support 72.30p and then a spike still lasting to 75.68p

sounds like market pleased that the non exec director has quit!!!!! lol

http://www.oil-price.net/index.php?lang=en
------------------------------------------------------------------------------------

From the above.


Oil Price Fall Threatens US Oil Production
Oil Price Fall Threatens US Oil Production By STEVE AUSTIN, 2014/11/04

The sharp oil price fall from $100 last summer to below $80 in just three months will bankrupt small US oil producers who need at least $80 per barrel to be profitable. It's as shame because the dream of US energy independence may never realize. Meanwhile OPEC producers are seizing this opportunity to keep prices just below $80 and thin out competitors.

Some think that ship has sailed and those not on board are missing the ride
now 78.25p

quite right mentor..... in at 73p and looking forward to a steady climb.,.

SAP have not made their bid yet!
Please board now.

re post of 6 Nov 2014 re Mr Ennio Sganzeria -

On behalf of Shareholders, I would like to wish Mr Ennio Sganzeria ( Non Executive Director ) good ridance for his poor work as Audit and Risk, Nomination and Renumeration Committee Member.
Was he sleeping while his CEO, and COO etc seem to have had their hands in the till ? What qualifications and experience did Mr Ennio have, for him to have been so ineffective ?

On behalf of Shareholders I wish to say we are glad you have gone mate - and do not ask Afren Shareholders for any references.

Who recommended this - is it - plonker to Afren as non Executive Director, no wonder he has resigned he must be so embarrassed ?