< "> 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

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

http://www.telegraph.co.uk/finance/newsbysector/energy/11307505/Afren-shares-jump-on-Seplat-bid-approach.html

Look like seplat mean business


Seplat Petroleum Development Co. (SEPL), a Nigerian oil producer that raised about $500 million in a share sale this year, is looking to buy natural-gas assets to take advantage of higher prices in Africa’s biggest economy.

“Two things are driving the gas-commercialization business: the gas price and increasing demand,” Chairman Bryant Orjiako said in an interview yesterday in Cape Town. “Another thing that we’re doing is to find any available source of gas.”

Nigeria, the holder of Africa’s largest gas reserves, raised the price of gas to power plants to $2.50 per million standard cubic feet plus 80 cents for transport in August, from $1.50.

The country increased gas tariffs to help spur supplies to power plants in Nigeria, which generates less electricity than is needed by Africa’s biggest population of about 170 million. This causes regular blackouts that the government says are a bottleneck for growth, with a shortage of the fuel for stations being one reason why generation is below capacity.

The nation wants to almost triple natural-gas production capacity to 11 billion cubic feet a day by 2020 to help meet its electricity and industrial development needs, Oil Minister Diezani Alison-Madueke said in September. Nigeria loses at least $3 billion in revenue a year by burning off associated gas, which is pumped together with crude oil, according to the Petroleum Ministry. Flaring was taking place because the domestic fuel prices were so low.

Shell Assets
Seplat has contracts to supply power generators and is in discussions to add others, Orjiako said. The company sells its gas for about $3 per 1,000 cubic feet to electricity plants, Chief Executive Officer Austin Avuru said in April. The price for the fuel has risen from about 20 cents only a couple of years ago, he said.


“We are interested in every divestment in the onshore and shallow water,” he said. “Shell, having the largest footprint, obviously has the ability to put up all these assets so we’re looking at all of these.”

ttps://www.youtube.com/watch?v=O4DZ_mY_7G4

Another game of waiting for the SP to bottom out before jumping back in for the next tranche SP rise?

http://www.thisdaylive.com/articles/afren-to-complete-installations-on-okwok-oilfield-in-2015/197456/

just noted an entry on attached from 22/12...brief but interesting


http://www.iii.co.uk/articles/213429/start-bidding-war-afren