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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

Bid/merger..

Afren confirms approach by Seplat

Afren has noted the recent movement in its share price and confirmed that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. Afren says there can be no certainty that an offer will be made or as to the terms of any offer.

Afren also noted that Seplat must announce whether it plans to make an offer by 5 p.m. on 19 January.

At 9:14am: (LON:AFR) Afren PLC share price was +5.66p at 53.23p

Intraday is very spiky after the news

I don't think they'd let themselves taken over for anything less than 200p....so this approach might fail...

Mitzy
What not sub 20p?

Might go to 70p plus short term ....just guessing....

RF - in your dreams! ...... anything is only worth as much as someone will pay for it ...... further, the chief honcho is in danger is being tucked away for a good many years, and given the way things run in that part of the world, one can easily imagine something persuasive being put before him

meanwhile, i'm very happy to have topped up last week

what 70p or 200p ?...

I'd be happy with 70p short term...

Lol Cyril..

50p by the looks of it.

of course we could always hope that SAP want to get involved and then we could have an auction!!!!

dream on eh

Does that stand for : "Send Another Pensioner"..?..

Why does SEPL want to get into bed with AFR, or for that matter why did South Atlantic
buy AFR shares. Does SEPL want a better method to sell its on shore crude ?
Both SEPL and AFR share prices have dropped and the Companies are worth about
the same ( £500 m ), do they see one another as undervalued ?
Could it be to become more diversified internationally ?

It would be good to know the motives ( logic ) for a merger / or buy out / etc.

If I was one of the majors : I would snap up Afren straight away......

Love it or hate it...oil is still going to be a major commodity for another 20 years and this drop in crude will probably not last.

SEPL deals today 24,800 shares at buy / sell margin of about 5.4%.

It looks very il- liquid for such a large Company, so maybe "tightly held" by few shareholders / directors.

A merger with Afren would make SEPL shares more marketable.
I think few people have heard of SEPL as no MoneyAM thread.
I have never heard of them before, although market capitalisation of about £500m at todays low price.

??????????????? let's watch this space

some entries under
NEWS

then click for older news

This news might flush out some more interested party's

RF
You won't get 200p , and i don't think any major company would make a counter offer unless its a Chinese or Indian

IMO

....suspect this approach has been planned for a while, hence the relentless shorting of the SP over last few months, which is not only due to $oil/barrel slide or AFR management issues.

This has for some time been a takeover target and I feel will ramp up over next few months. I also expect other large oilers to jump into the mix, as AFR have a huge amount of reserves in reasonably geopolitical stable locations; with longer term prospect areas for future exploration.

Of course expect SP volatility as large traders start to exploit this takeover opportunity.

DYOR

HAb

http://en.wikipedia.org/wiki/Seplat_Petroleum_Development_Company