< "> 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

Wish I took a quick profit when it was 34p....could have bought them back now as it is in an Isa...

ah well; i wish i had left my short running too

you don't want to keep running without your shorts , lol

Keep on falling sub 20p today.

Fill ya boots Mitzy.....you don't want to be left out in the cold...

can't quite work it out ..... order books still fairly even but 31.5m already traded!
i'm out and very cross with myself

I'm not sure Malcy is worth more than a token glance these days. He's been banging on about Caza for as long as I can recall and that's another that has just hit an ATL.

SOU another he's fallen in love with yet appearing priced for perfection. Onshore but very deep costly wells.

I think he needs reminding a few oilers now trading way below cash. Who'd a thought 12 months ago??

Anyway back to Afren and yes order book even but looks like seller just filling up into strength in book. Must be a head scratcher for investors now that Seplat appears to be their potential great saviour. Good luck everyone whatever your take.

seplat is almost certainly the ONLY possible saviour, and if so, it's unlikely PIs will see a penny - or at least that's what i think

How do you know that Seplat is the only saviour ? and why is it unlikely that PI's will see a penny ?

i don't know, which is why i wrote, "or at least that's what i think"

but most assuredly i know 56m traded so far today!

In freefall.

i think this is what the economists mean by "wealth trickle down"

You guys seem to be talking a lot of rubbish

rekirkham

Whats your view on how this will go ?

rekirkham i'm responding to posts as to why PI's won't see a penny and Seplat is the only bidder , no one here knows it's pure speculation and yes your right rubbish.

what's your view jimmy?
i assume you think differently from me

ditto q to rekirkham

========

re another knight in shining armour .....
though some other party was suggested a week or so ago, there has neither been further noises not reports that he has increased his stake nor even an rns from afr that another party has shown interest

and no, that does not absolutely rule out the possibility

I don't really have one cynic ,i was kind of hoping SEPL would have made a solid offer by the 19th.
I do think another bidder could step up and i don't think at this point that PI's will be left with nothing ,the offer we have to take may not be as good as we would like ,that's possible too..

The sp would climb if crude rebounds that I'm sure about.....sp at the moment is disappointing considering it's in a takeover period...

Exane BNP Paribas confirmed this morning its positive advice "outperform" on the action of the junior oil Nigeria's Seplat Petroleum, who approached an African competitor also listed in London, Afren. Analysts believe that the combination of the two companies' would be more sensible. " Their price target is 173 pence.
At the London Stock Exchange this morning Seplat major asset of the French group MPI (capitalizing € 350 million), which holds 21.8%, remains neutral 126.2 pence.
Despite a recovery of 16.6% over the last five sessions, it has lost half of its value in six months.
Yesterday in fact, Afren, which is an oil company 'junior' centered on Africa and the Middle East, revealed that Seplat, based in Nigeria but as it is listed on the London Stock Exchange, had approached with a view a possible merger. The discussions are still at a preliminary stage and no firm conclusions can be made at this stage.
To date, Seplat builds about 600 million pounds (about 750 million euros), and Afren some 550 million pounds (700 million euros).
According Exane if this offer materializes, it would relieve Afren recently hit by the falling prices of crude and delays in development of its deposits. Indeed, Seplat had cash of $ 435 million (€ 350 million) as at 30 October, which could help to accelerate the development of Afren.
'Seplat could afford to launch a cash offer' and securities, Exane judge, given its cash, its borrowing capacity and the value of its assets. The Nigerian group could also join with others to finance the operation.
In addition, the high credibility of the management of Seplat would raise the profile of Afren, whose general manager Osman Shahenshah and several senior executives were dismissed in October for corruption.

an interesting slant
however, seplat knows it has a strong hand and afren the opposite