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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
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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
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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

Crikey....I've heard of our man in Havana or Manila...but Lagos ?...

Dind-ding...ding-ding...30p ladies and gentlemen...30p....anybody interested...no...30.5p then...?...etc....

Looking good !

clip clop...clip..clop....clipty..clop..clipty ...clop......tagada......tagada....tagada...

better watch out for low branches though...look what happened to superman....

No sign of Cynic....last I heard he was buskin' on a subway.....

Need a strong finish to the day along with some news be nice

I doubt if there will be any news today.....but if it stays like this and crude stabilizes...

rf - closed my short yesterday :-(

been looking after clients in london

Some sort of rumour circulating Cynic.....Afren just has to be a takeover target !.....I think that another suitor will step in....this might be why the sp is surging...

fingers x'ed for everyone
of course, if there is a bid, then it's likely to get the rest of the sector o'excited

"The company has already been approached by rival Nigerian explorer Seplat but reliable sources inform me that France-listed group Maurel & Prom, which has significant operations across Africa, and a Chinese bidder have also shown an interest in buying Afren."

Hmmmmm.....link if you want to see more speculation!
http://betaville123.blogspot.co.uk/2015/01/volatile-afren.html

such a reliable source that no one at the alleged new bidder even answers the phone!

The sp could become erratic......is it by the 19th a bid should be declared...does that mean 0hours or 24 hours later : midnight on the day ?.....

Posted that before seeing above......so several bidders are interested....thought that was why the sp is surging....

Canaccord note:
"SEPLAT PETROLEUM (NR): Seplat completes debt refinancing - potential Afren (HOLD, TP 25p) implications. Seplat announced yesterday afternoon it had successfully refinanced its existing debt facilities with a new US$700m 7-yr secured facility and a US$300m 3-yr secured revolving credit facility. The 7-yr facility also includes an option for the facility to be upsized by an addition US$700m for qualifying acquisition opportunities. The announcement substantially reflects prior press reports of a successful refinancing. Seplat previously made a highly preliminary approach to Afren for which the put-up-or-shut-up date expires at 17.00 on Monday 19th Jan - we understand this deadline could be extended at Afren's request and with Panel approval. Afren's shares rose 32% yesterday, albeit from a low level, reflecting strength in the E&P sector and potential for a takeover offer to be made. On our new oil price (futures strip & US$80/bbl long-term from 2018) our risked NAV at a 10% discount rate for Afren stands at 25p/sh, down from 57p/sh at our prior oil price assumption of US$88/b from 2016 (Afren has a large debt position). Clearly the equity value is extremely sensitive to valuation assumptions. We set our target at our risked NAV using a 10% discount rate not because Afren is well financed, but because it is a potential takeout candidate."

The sp is also following the curb of WTI....to an extent..

If there is a bid...it could go like this : 80p......then declined.....100p declined by another...done deal at 125p.....

Just a reminder from 13th Jan from StockMarketWire.com

Credit Suisse has downgraded its recommendation on independent oil and gas exploration and production company Afren (LON:AFR) to neutral" from outperform" following yesterdays big reserves downgrade.

Resource uncertainty now joins a list of concerns including the upcoming Nigerian elections, a relatively stretched balance sheet and a falling oil price, analyst Robert Mundy said.

The broker cut its target to 54 pence a share from 92 pence.

Separately, Canaccord Genuity downgraded its recommendation to hold" from speculative buy" in a note to investors, on Monday.

The broker said: This is very disappointing and a significant negative for our view on Afren.

Canaccord also slashed its target price to 27 pence a share from 65 pence.

We have chosen to eliminate all value for Kurdistan, mainly Barda Rash and a modest contribution from the Ain Sifni block, from our NAV, the broker added.

How much Afr is worth to a bidder/s is the big question