< "> 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

Sold out in the low 100's back in at 73p jimmy.

Cheers , i sold at a tad over 104p end of Sept , want back in at some point ,i missed the 70's .

Nigerian Operations Update
London, 11 November 2014

Afren plc ("Afren" or the "Company") is pleased to provide the market with an update on its operations at Ebok, Okwok and OML 115, all located offshore Nigeria.

Ebok Central Fault Block Extension platform jacket installed.

At the Ebok field, following a favourable weather window, Afren and its Partner, Oriental Energy Resources Limited (Oriental), are pleased to announce that the jacket for the Ebok Central Fault Block Extension (CFBx) platform has now been installed. The installation of the decks and bridge will complete in early January 2015 once the wellhead jacket at Okwok has been installed; following which the Partners will commence the hook up and commissioning of the CFBx platform.

The work programme at the CFBx will include up to 9 new wells to be drilled and brought on-stream by the end of 2015 targeting both producing and undeveloped reservoirs. Elsewhere at the North Fault Block (NFB), the Partners continue to make good progress and are targeting completion of the third new producer by mid-December 2014. The forward programme at the NFB will incorporate up to an additional 5 wells by year-end 2015.

The Company remains on-track to deliver full year net production at the lower end of guidance between 32,000 to 36,000 bopd (excluding Barda Rash).

Drilling commences on the Ameena East Prospect

Afren and its Partner Oriental have spudded the Ameena East well located on OML 115, offshore Nigeria. The well is being drilled with the Shelf Adriatic I drilling rig. The Ameena East prospect will be targeting 65 mmbbls of gross unrisked resources in zones of prospectivity in the Biafra intervals that are productive north of the acreage, with secondary objectives in the Qua Iboe reservoirs equivalent to those at the Ebok and Okwok fields. The drilling campaign at Ameena East is expected to be completed in December, 2014.

Drilling at the Ebok Deep exploration tail targeting 50 mmbbls of gross unrisked resources in the deeper Qua Iboe and Biafra reservoirs is expected to commence in Q4 2014 following the completion of the third new producer at the NFB.

http://www.rns-pdf.londonstockexchange.com/rns/6395W_-2014-11-10.pdf

Toby Hayward, Interim Chief Executive of Afren, commented:

"With incremental new production to be brought on stream from both the CFB and NFB platforms, as well as from the Okoro FFD, Okwok, OML 26 and OML 113 developments, Afren is expecting to deliver strong production and cash flow growth in 2015 and beyond. We are pleased to have commenced our drilling campaign at the Ameena East prospect and are excited about the potential there and at Ebok Deep."

wouldnt exactly call it good or bad either way

markets not too impressed so maybe another buy opportunity in near future

Might drift now until the results of Ameena East come in.

Kurdistan region, Baghdad reach deal on oil exports and payments

By Michael Georgy and Isabel Coles

BAGHDAD/ARBIL Thu Nov 13, 2014 2:53pm EST


Kurdistan regional government confirms deal with Baghdad over oil exports

(Reuters) - The government of Iraq and the semi-autonomous region of Kurdistan have reached a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, Iraq's finance minister told Reuters on Thursday.

Hoshiyar Zebari said the central government had agreed for the time being to resume payments from the federal budget for Kurdish civil servants' salaries.

Zebari, who is a Kurd, described the step as a "major breakthrough" that would reduce friction between the KRG and Baghdad. He said the payments would cover October and then November.

The deal was reached after talks between Iraqi Oil Minister Adel Abdel Mehdi and Kurdish Prime Minister Nechirvan Barzani in the Kurdistan region on Thursday.

Baghdad stopped paying for KRG civil servant salaries in protest against the Kurds' exporting oil to Turkey independently.

Under the agreement, Iraqi Kurdistan will give 150,000 barrels per day of oil exports - equal to around half its overall shipments - to the federal budget.

In Arbil, the Kurdistan Regional Government (KRG) confirmed the agreement.

"What they have agreed is that Baghdad will release some funds - $500 million - and the KRG will give 150,000 barrels per day of oil to Baghdad," KRG spokesman Safeen Dizayee told Reuters.

EXPORTS STILL UNDER CONTROL OF KURDS

He said a KRG delegation headed by the prime minister would travel to Baghdad soon to hammer out a more comprehensive deal and the regional government would not hand over control of exports to Baghdad.

A similar agreement was proposed in April but never advanced to a deal.

In July, then Iraqi foreign minister Zebari said the Kurdish political bloc withdrew from the national government in protest against Prime Minister Nuri al-Maliki's accusation that Kurds were harbouring Islamist insurgents in their capital.

The Kurds later rejoined the administration. But tensions persisted.

Maliki, one of the most divisive figures to emerge from the U.S. occupation of Iraq, was later replaced by Haider al-Abadi.

He is seen as a moderate Shi'ite capable of cooperating with Sunni Muslims, Kurds and other sects.

Iraqi leaders are under pressure to bury differences in order to counter Islamic State militants who have seized chunks of the country in the north and west.

There are about 5 million Kurds in majority Arab Iraq, which has a population of more than 30 million. Most live in the north, where they run their own affairs, but remain reliant on Baghdad for a share of the national budget.

(Writing by Michael Georgy; Editing by Keiron Henderson)

this little bit of news should help today

But the 4 year oil price low won't

After the great Kurdistan news, Afren still continues its downward trend.
Afren now needs to notify tbe market of its plans for Kurdistan.
When Afren bought the oil fields they were forcasting 175,000 boe/d

let me say it again ...... AFR is rudderless and there is no reason at all to expect much if any recovery until (or indeed if at all) a predator comes sniffing

it's quite a good bet that when (if) the guns go after shahenshah, an awful lot of other maggots will be uncovered in which he was the prime mover
i get the feeling that most if not all the other directors who got booted out were pretty innocent bystanders who were used as pawns by shahenshah to give his shenanigans a gloss of legality and respectability

cynic

Don't forget oil price is at a 4 year low

Taking the Pis. cynic?

Who wants to listen to your bull?

You haven't even got a box
to go to Speakers corner
to say those nonsence
so you had to say it here,

Although you have read
between the lines bits and pieces
here and there and else where
and turn it around to your desire.

---------------------
sold at 82.10p back just now at 72.65p

whose been twisting your bollocks mentor?
no one?
well perhaps they should!


aldo - i have retained a modest holding of these, but see no compelling reason to buy more ..... i feel you are of the same view

ref - they

You haven't got the ... to do it yourself
but you do have plenty of crap
specialy on your tonge
its so easy to have it on the net
bleach does the job
if you din't know

ref - bollocks
the only thing is the left is bigger than the right
but all the doctors say that is normal
just like the female breasts


One testicle is usually larger or smaller than the other, they hang at different angles and one is often lower or higher than its counterpart too.

http://www.netdoctor.co.

tut tut ..... what an exceedingly splenetic chap you are ..... sounds that you've recently backed some bad horses

Am still holding mainly for a bid/higher oil price/partner

Have you got a short on these ?

LOL !

moi? ..... no i'm long at 94 from a little while back, and no inclination at all to average down

Haven't heard from required field - since he bought @79, and it dropped to 72-74 ,think he had a chance of selling on a rebound @ 80