< "> 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

easy to know why ..... the nimble bears darting in and out

another disposal
http://www.investegate.co.uk/afren-plc--afr-/rns/tr-1--notification-of-major-interest-in-shares/201501281255123926D/

this morning was just to let iis out ;

http://www.dailymail.co.uk/money/markets/article-2929140/Afren-heading-judgement-day-investors-weigh-200m-cash-call.html

LONDON (ShareCast) - Broker Westhouse Securities has cut Afren from 'neutral' to 'sell' and slashed its target price from 90p to just 2p, saying that the risk of owning shares in the struggling oil producer is too high.
Afren has had a tough past 12 months: it dismissed a number of top executives due to unauthorised payments and has faced operational issues, whilst contending with the recent collapse in crude prices.

Investors are also having to deal with the uncertainty surrounding a potential takeover offer from Nigerian firm Seplat, with a firm approach having not yet been made.

What's more, Afren's share price plummeted on Tuesday after the company said it needs funding in excess of its market capitalisation and wants to defer payments due on its debt to resolve liquidity problems.

Westhouse said: "We downgraded Afren to 'neutral' in September after the suspension of the chief executive, chief operating officer and two associate directors and flagged the risks of owning Afren in its current state.

"Since then, the company has continued to disappoint the market - operational delays, the downgrade of Barda Rash reserves and resources and now the inability to service its debt."

The broker said that, on its current estimates, Afren will breach its financial covenants with its banks this year if capital expenditure levels are maintained.

"It all hinges upon successful debt re-negotiation and a potential equity raise means a material dilution to current shareholders," Westhouse said.

Afren was trading 19% higher at 5.95p by 12:00 on Wednesday after a heavy drop the previous session.

But yesterday they said it was worth 90P ,not last week, yesterday , an absolute bunch of useless tossers and that is why i always ignore all broker recs .
They get paid for this rubbish as well.

Then on the other hand, if they don't go bust and the oil price will eventually get back to normal...... could be a snip at 2p.,.

in your dreams .... the company will be long gone before then
it's not impossible that seplat will make an offer, but it will be for £1 or thereabouts and in any case, there'll be nothing left for PIs

Oil getting thumped with WTI under $45.

Be careful of a 7am RNS effectively saying game over.

A shocking outcome, AIM yes but former ftse 250. It's the speed of the collapse perhaps more shocking.

Very sad for holders.

I wonder if Genel would be interested in the Kurdistan assets?

I take it the 2 rns's of major holdings are buy's not disposal's not sure..... hello

2 X Sells

Yes, they both look to be huge reduction in holdings.

wish they would make it more clear for numpties.....

Balerboy, if you scroll down the RNS where you see 8 (A) , it will read "situation previous to the triggering transaction" and the number of shares will be in a a box underneath that, and to the right of that there is a box which says "resulting situation after the triggering transaction" and the number of shares will be in a box underneath that. If the resulting situation is more, it means that more have been added and if the number is less it means a number have been sold. Hope this helps - it is confusing.

it's ok, they read english down in deepest somerset even if you may not recognise their spoken word

http://www.bloomberg.com/news/articles/2015-01-28/afren-may-need-to-raise-450-million-for-funding-jpmorgan-says

show me where it say's disposal essex girl.,.

LOL !

Your drinking to much cider. :-))

It's alright doodlebug cynics shoulders are broad and besides he doesn't know the difference between Gloucestershire and Somerset....... :))