< "> 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

Next news from Afren may be that a new CEO, and COO have been appointed.

Then an update on current drilling may be expected in December, which I guess
could be good news.

Crude oil price seems to have stabilized, and I think may tick up from current levels, after OPEC meeting.

Iraq situation / payments etc seem to be improved

£45 million thought to be misappropriated by ex directors could be substantially recovered.

I see Afren as a buy at the present price of 72.10.
Especially in the run to the new year, and with a PE ratio of about 2 ?

Consolidation will cut the number of oil producers in Kurdistan by three-quarters within five years, Genel Energy Plc (GENL) Chief Executive Officer Tony Hayward said.

“It’s likely that we’ll end up with, perhaps, five or six of the largest companies operating with Genel, Exxon, Chevron ending up as major operators,” Hayward said in a Nov. 21 interview during the Atlantic Council conference in Istanbul. “It’s what happens in most hydrocarbon provinces.”

If this happens what value would be placed on Afren's two large interests in Kurdistan ?
- maybe Afren would sell Kurdistan interests to a major player ?
What value is presently placed on Afren, Kurdistan ? I think about nil value.

">----------------------------------------------------------------------------------------------------------http://www.cnbc.com/id/102222286

El Strudza Investments? were on CNBC this morning singing AFR's praise and the fact that they held shares in AFR.
2517

Worth buying both AFR & GENL when crude bottoms out. Heard a speculative opinion this morning on IG that $65 pb is a definite possibility.

">
10 year chart above.
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C&Ped
From a respected accountent.

take current yr daily avg production on 32k bopd, thats 11.7m barrels.

if 4.8m barrels are hedged between 90to95 $/b, then thats ~41pc of total production hedges nicely.

so you could argue the SP is reflecting a massive drop on 59pc of its production, which is a massive disconnect, and imo presents a great value opportunity...

fear is afoot, but as we all know, its a fickle thing; turns on a dime. :-) all you can do is take your positions, and wait..

I did on Wed !!

As jimmy found out ...... where's the bottom???

Got my timing wrong here , i shall stay put though ,it's oil ,not as though it's going out of fashion .

bit the bullet and topped up at 52.14p ave 65p now. :(

HTTP://www.telegraph.co.uk/finance/oilprices/11260918/Oil-drop-is-big-boon-for-global-stock-markets-if-it-lasts.html

Seems the obvious reason.

Http://www.ft.com/cms/s/0/8b33af5c-76d8-11e4-8273-00144feabdc0.html?siteedition=uk#axzz3KRqGlJkF

http://www.telegraph.co.uk/finance/oilprices/11262690/Why-black-golds-low-prices-wont-last-long.html#disqus_thread

Crude Oil and Commodity Prices
December, Monday 1 2014 - 03:14:08
WTI Crude Oil
$66.15 ▼-7.54 -11.40%
2014.11.30 end-of-day


Brent Crude Oil
$70.15 ▼-7.60 -10.83%
2014.11.30 end-of-day

Todays chart,not nice,still waiting bottom in oilprice?Has to be a no brainer imo, if timed right ?
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">

This is becoming nasty.

timing is ALWAYS the key ...... thank goodness i'm heavily o'weight and short of Dow, though if i am honest (as always!), most of those positions are from 4/6 weeks back, so i'm just recouping some horrors

Really nasty.....anyone would think there was an oil crisis !....

Perhaps clutching at straws....a serious rebound in crude coming ?...I'm very surprised at how far it has slumped...

Eventually rf there has to be ..
Got to be some cheap oilers about soon