< "> 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

Be careful here.

totally disillusioned so out with a nasty loss
i really do not see this 50p bid materialising and that "reassessment" of resources just stank of fraud - or least the initial one did

It's so low now that I would have expected any holders to sit it out, unless you need the loss for CGT purposes. Many oilers are bombed out, but when crude starts to rise all of these should recover to some degree, imo.

the quality oilies will, but it seems to me that the value of the whole of AFR's reserves and everything else are seriously under question

Yes, you might be right. I was actually starting to think this might be worth buying, but will mull things over for a while.

Kurdistan cynic .

so .... ???? ..... why would you think AFR has not lied through its teeth all the way down the line?

It still has decent reserves in Africa ,unless of course they are lying about that

more to the pint .... which version of the truth has been sent out

They also have a fair amount hedged for this year , time will tell whether you bailed too soon or i'm going to take a bigger hit here .

Time will tell if right or wrong....... just topped up with a few at 27p

I maintain sub 20p. I maybe wrong. I don't know.

Credit Suisse cuts Afren to neutral from outperform, target cut from 92p to 54p, I don't understand, why a downgrade with their tp more than twice the current sp.
2517

heading to 20p.

if it was going i think it would have dropped today but 25p seems to have held. fingers x

Good luck Balerboy.

HTTP://investing.businessweek.com/research/markets/news/article.asp?docKey=600-201501120947KRTRIB__BUSNEWS_17881_25851-1

US analysts: oil prices to see moderate recovery

Jan. 12--Analysts of the US JP Morgan bank expect moderate recovery of oil prices with Brent to average $82 per barrel and WTI to average $77.25 per barrel.

"Oil markets have continued to witness dramatic price declines over the year-end period and into early 2015," analysts said in a report obtained by Trend......

JP Morgan's analysts expect Brent price to amount to $75 per barrel in the first quarter of 2015, and then to reach to $80 in the second quarter, $85 in the third quarter and $88 per barrel in the fourth quarter of the year.

WTI is forecasted to amount to $72 per barrel in the first quarter, $76 in the second quarter, $80 in the third quarter and $81 per barrel in the fourth quarter of 2015.

In 2016, analysts forecast average price for Brent at $87.75 per barrel with the highest level of $90 per barrel in the third quarter. WTI average price is predicted at $80.75 per barrel with the highest price of $83 per barrel in the third quarter of 2016.

new low and chart not looking good
But a story on the Times tonight saying the bid is on the way

you're right insofar as Seplat have to put in a bid a bid by 19th, but that does notr mean that will do so, or that it will even be 50p if they do

whether or not Sapetro will indeed materialise as another bidder remains to be seen

however, this latest revelation scarcely makes AFR more desirable and also raises questions as to what other horrors are being hidden

also, what are the extraction costs for Ebok?

I fear that 15p looks like on the cards....who would have imagined such a dive ?...