< "> 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

REASON FOR THE BOUNCE BACK

Since yesterday's news of SKAGEN has reduce to 0.61%, by now most likely is 0%
the shares are bouncing back as the big seller is gone ...........

The equity funds; SKAGEN Global Veripapirfond,

5. Date of the transaction and date on
which the threshold is crossed or
reached: 28 January 2015

7. Threshold(s) that is/are crossed or
reached: 3%

37.5M now 6.3M 0.61%

cynic knows fuck all..been told massive positive news coming

as i said, believe what and whom you like
i have better things to do than continue a very silly and pointless argument based on totally false assumption anyway

Probably George , and at a crucial time when Affers could be bust or saved .

2517GEORGE

ref - Is this the next thread to be lost?

I hope not
" cynic " has a bad habit that has to expose

do I have to be the sherif?
I feel I do somtimes, just to be more level on the thread

Yeah, but maestro we are all still waiting for OXS to go ballistic. You promised that we would all be rich soon!!! Is AFR any different? ;o)

jimmy and george - i very much hope not, and promise it will not be of my doing

i can see why seplat might pay a nominal sum for AFR
though the kaz assets have effectively been written off, i have a feeling that they're actually worth quite a bit
the african assets of course have a lot of potential, though probably too expensive to exploit at current crude prices
against that, there are of course the massive debts - $1.2bn from memory

even if there is a fire sale offer from seplat, do you truly there believe there will be anything at all left in there for PIs?

re - i have better things to do than continue a very silly and pointless argument

does not look like

saying I run a company that makes profit not like others and ........
"cynic " spends all day at Mam chatting about.

believe what you want but I don't

mentor, I look on threads that interest me and gain huge insight from other posters and their knowledge of various co's, yes there are those that ramp and de-ramp, however the final decision is with the individual. There may be those on the threads that are economical with the truth as regards their dealings, but who are they really kidding, only themselves. What does it matter a jot to anyone else, it's not going to affect them.
2517

harrycat... a little more patience re oxus... a month or two to become a millionaire isnt long to wait in the grand scheme of things

Awesome....... a millionaire by the end of March....I can hardly wait!!! ;o)
I might wait a bit though before I start planning how to spend it, just in case something goes wrong! Unlikely.....but...........

Apparently Bloomberg released this last night:
"Seplat Petroleum Development Co.’s talks on a takeover of London-based Afren Plc are “very serious” ahead of a deadline tomorrow for the Nigerian company to make a firm bid or walk away, according to a major indirect shareholder.
It’s “very interesting for Seplat,” said Jean-Francois Henin, who has an interest in the African producer through a stake in MPI, an investor in exploration. “It’s impossible to say what will emerge but discussions are very serious.”

[It is thought Henin owns Pacifico, which has 25% of MPI, which has 22% of Seplat.]

Seplat must be puzzled as to what price to bid ?.....could be anything up to 60p perhaps...if they bid 20p : Afren are going to say no....and try to raise capital instead....

I doubt their puzzled rf ,i would think they have a plan .
I hope it's not a load of suites sitting around scratching their heads

glad i'm now on the sidelines though i cashed in my short too early at about 8.5p from memory

at time of writing L2 books are more-or-less balanced

fingers crossed some of the threads on here don't go the same way as the advfn boards.
some should have some respect for the investors sitting on massive paper losses at the moment.

sorry if you've been badly bitten here Woodie .... i think i was too, and certainly have been elsewhere during this fiscal year .... c'est la vie

thoroughly agree about advfn
spent 20 minutes there about 5 years ago, and that was enough

Afren share price nightmare: Day of reckoning is here
Share:
by Jessica Morris
new
30 January 2015 12:00pm

Embattled oil producer Afren will today find out if it's been thrown a lifeline by rival company Seplat, a move that could provide one possible solution to the company's funding crisis.

Nigerian oil and gas explorer Seplat recently extended the deadline for its informal takeover offer - but at 5pm tonight its time will be up.

City analysts have voiced doubts the deal will come to fruition, saying there's "little likelihood of an offer on Friday". There's a better chance of "another extension, in light of the new situation, or no offer at all," broker Oriel said in a note.

Afren revealed it required a $200m (£133m) cash injection to avoid running out of funds on Tuesday, sending its shares down as much as 74 per cent.

The company is in talks to defer a $50m payment due at the end of next month, and considering whether to use a 30 day grace period for its $15m interest payment, due 1 February.

it would be a brave man who opened any position now, but sellers are now dominating the L2 book

never held a position in this company