< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
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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

RNS : extension...good they are in talks...

Time to buy some more...

indeed and in full .....

Afren Plc
Has received consent of UK Takeover Panel for an extension to deadline until 5.00 p.m. on 30 January 2015
There can be no certainty that an offer will be made or as to terms of any offer

i've had a small (extra) dabble at 27.90
quite surprised there isn't a slightly stronger reaction to the news, but certainly lots of traffic

Well it means they are considering bidding....I think that there might be another bidder that might emerge.....so as long as we are patient...in the long run it might pay dividends...

Awful lot of mights there. Here's hoping you might just be right:-)

Everything is a might maggiebt4 ,life itself is 6/4 against .

Death and taxes are a dead cert! No 'might' there!

Thanks gentlemen for those cheering thoughts just have to hope Afren brightens my day.

A couple of posts by a knowledgeable oilman

I`m thinking 2 for Seplat is most likely building a nigerian powerhouse!

Would give a combined production of in excess of 60,000boepd Ftse 250 company
and with afrens and seplats production to grow this year Seplat have 5 rigs
and no doubt the cost of these will come down due to poo.

Could exit Eoy combined production 75,000 to 80,000 boepd.


Combined is the favorite option.

-----------------------------------------------------------------------

Great time to be buying 27p steal what we want is the chinese to show there
hand they will out bid anyone.

Gonna get very interesting here sadly most folks have patience issues and will
get locked out when the time comes.

Im loaded upi under water at the minute but not for long thing are about to get
heated up here.

C&Ped.

http://shorttracker.co.uk/company/GB00B0672758/all

Fund manager % short Change Date changed/created
Marshall Wace LLP 0.74% ↑ 0.12% 2015-01-14
Whitebox Advisors LLC 0.61% 2015-01-13
Total 1.35% (about ~14.5m shs)

we have shorters declared now on positions above 0.50pc

and SOL up to ~34m shs (so about half of SOL being shorterd, though there could be shorts that are just under the declare-able 50bp threshold)

http://www.efinancialnews.com/get-data-explorers?Source=SF&Version=1.0&Days=60&Field=Quantity&I

what he knows, what he thinks he knows and what he would like to think he knows will add up to less than two peas

we only know that seplat and afren are still in talks, and that is the sum of it ..... everything else is pure speculation and wishful thinking

In freefall.

not so ..... however, there is a fair bit of movement to and fro but currently down only a fraction of a penny on the day

Broker all have wildly different target on this ,i think they sit there throwing darts to come up with prices .


Date Broker New target Recomm.
20 Jan Investec 30.00 Hold
13 Jan Credit Suisse 54.00 Neutral
13 Jan Deutsche Bank 60.00 Hold
12 Jan Goldman Sachs 59.00 Buy
12 Jan Canaccord... 27.00 Hold
12 Jan VSA Capital N/A Under Review
12 Jan Westhouse... 90.00 Neutral
12 Jan Deutsche Bank 60.00 Hold

Don't know anything about this company.


Sharecast -

Afren dealt further blow as T5 denies bid rumours

Tue, 20 January 2015



Afren dealt further blow as T5 denies bid rumours



Shares in oil and gas group Afren have been hit by news that rumoured suitor T5 Oil & Gas is not interested in a takeover.
It had been reported on Monday that T5 was considering a reverse takeover of the FTSE 250 group, with Hannan Partners hired to advise and £800m raised for a bid.

But T5, which is registered as New Horizon Oil and Gas Limited, put out a statement on Tuesday morning rebuffing the rumours.

"T5 Oil and Gas announces that it does not intend to make an offer for Afren Plc," it stated.

On Monday, shares in Afren, which had been hit by major disappointment over a substantial reduction in reserve and resource estimates at its 60%-owned Barda Rash field, stabilised after another potential suitor requested and was granted an extended period of time to work on a bid.

Seplat Petroleum Development, a Nigeria-based group than made a "highly preliminary" approach in late December, successfully applied for a 11-day deadline extension to agree a merger or takeover deal.

On 12 January Afren revealed that an updated 'competent person's report' at Barda Rash in the Kurdistan region of Iraq has essentially eliminated all of the gross proven and probable reserves of 190m barrels, and has revised gross contingent resources from 1,243m barrels to just 250m barrels.

Afren said it was considering its "strategic options" for the project.

Analysts at Canaccord also said Afren needs to refinance some of its debt in 2015, and progress on this "is of the utmost importance to the company's future as a standalone entity".

i'ld guess T5 is the old management consortium

Seplat
i think i think as follows ......
it is just possible that there's another potential bidder lurking, but it's unlikely
i think seplat will make an offer, but possibly as low as 35p and i'ld be surprised of it was more than 50p
AFR is completely rudderless and will effectively be forced to accept seplat's terms unpalatable as they might be, as refusal = sayonara

merely as an aside, i think there is something distinctly odd about the latest CPR ex kurdistan
thus, if seplat succeed, they will pick up this asset for zilch and sell it on for considerably more so they can concentrate on the homefront

I would direct the gentleman to his own post this morning (3011) and suggest that

"what he thinks he knows and what he would like to think he knows will add up to less than two peas" ....

and as i wrote, "i think i think as follows"
i made no pretence of knowing anything