Amities . l have been discreetly buying this stock since it was 39p . And the more i learn the bolder are the positions i take . .....Floated in Dec 2004 it was oversubscribed and before costs the required $15 million was raised. At the helm is ex BP head of Global exploration and Resavoir management . Furthermore a success story at Global Expo . Now Nick Johnstone wants to set up on his own . And after speaking to him l am not at all surprised . He is like a "Who s Who " of the hydrocarbon world ...He has ALL the prerequisites for success so why work for some other lackey ! .. namely connections from his ertwhistle employers . He has assembled a first class management team from ex colleauges at BP ; and is his business model is simple . AFR farms in on "Big Oils " inception upstream ; and with its scale of economy it works closely with "Big oils" fields on the look out for excellent workovers oppertunities .... Already lt has via a complicated j/v a percentage of the Sao Tome and Principe acreage -Located between the oil rich waters of Nigeria and those of Sao Tome and operated by Texaco / Chevron and Esso; and believed by many to be the new North sea . . 3D Seismic testing and magnetic graphic imagery and satellite imaging has located a labyrinth of channels leading to a main resavoir which is believed to14-15 mmbbls of oil and which would leave AFR with its share of 120/140 million barrels for NO cash outlay .To ensure early cash generation Afren has entered into a production sharing agreement in the developed Ogedeh field { adjacent to the BP operated Olowi marin field which is believed to yield 180 mmbbloe. Furthernore AFR has agreed to drill the lbekelia project for Ascent resources which is expected to produce 2,500 b/pdoe to satisfy AFR percentile share ,ln addition it is a believed resouce of several years . .. , .Not a bad start for a company with little more than six months in the making . ....and well worthy of investigation !! .....@+ J

Not been the best of the last few weeks, at least we are still on track for 15 to 20k bopd for mid 2008
Some relatively good new's today, but not a good day for the markets , looking for the longer term.

Afren PLC
15 August 2007

Afren plc (AIM: AFR)

Operational update

The Board of Afren plc ('Afren' or 'the Company') is pleased to announce an
operational update.

Highlights

Well test on the Ofa-1 well on the Ofa field is currently on-going. The
deeper horizon has been tested successfully and flow rates of up to 1,000
bopd achieved on a 20' choke.
Development drilling on Okoro Setu commencing in Q4 2007 with a target of
first oil in early 2008 and production of 15,000 to 20,000 bopd by mid 2008.
High impact exploration drilling in La Noumbi, Congo in August 2007.
Exploration drilling on Themis Marin in Gabon scheduled for Q4 2007.
Preparatory work for the Eremor development on-going (Field Development
Plan approved).

Ofa development, Nigeria

The Ofa well test is on-going; mobilization to site occurred in early July and
the deepest hydrocarbon bearing zone (N4000) has been tested at a depth of 7,200
feet and flow rates of up to 1,000 bopd on a 20' choke have been achieved.
Furthermore, various parameters have been established and crude samples taken
for analysis to optimise future drilling and development of the field. Afren
and its partner Independent Energy Limited successfully deployed an Electric
Submersible Pump ('ESP') during the testing programme. The next stage of the
work programme, which is testing of shallower oil bearing zones, is currently in
progress.

Eremor development, Nigeria

The Company recently signed an agreement with the indigenous company Excel for
the development of the Eremor Field. Phase I of the Field Development Plan
includes re-entry and completion of the existing well and construction of a
7-kilometre oil evacuation line to the nearest flow station. The Field
Development Plan and Environmental Impact Assessment have been approved and
development work will commence in the near term.

Okoro Setu development, Nigeria

Following the successful appraisal drilling programme, completed in December
2006, Afren has put in place the drilling capability, financing structure,
development plan and production capacity for the Okoro Setu Project. All major
contracts have been awarded including the drilling rig, Floating Production
Storage and Offloading vessel ('FPSO'), drilling consumables, the well head
decks and flexible flow lines.

The FPSO vessel, the Armada Perkassa, is currently moored in Keppel Shipyard in
Singapore and is undergoing a planned systems upgrade to meet project
requirements, including the addition of a test separator and gas lift
compressor. It is expected that the FPSO will arrive on location in December.

The company is therefore on track to achieve its target of first oil in early
2008 and production of 15,000 - 20,000 barrels per day in mid 2008.

La Noumbi, Congo

The first well to be drilled, in August, is on the Doungou prospect. Afren has
a 14% working interest and the operator is Maurel et Prom. The La Noumbi 2D
seismic acquisition programme is on-going with 200km 2D planned, focussed on the
North West of the licence. The processing should be complete by Q4 2007.

Themis Marin, Gabon

A well on the Admiral prospect on the Themis Marin license is expected in Q4
2007. Afren has a 12.86% stake and the operator is Sterling.

Osman Shahenshah, Chief Executive of Afren, commented:

'We are delighted with the initial results from the Ofa well test, having
achieved a flow rate of up to 1,000 bopd from the deepest hydrocarbon bearing
horizon, while we continue the testing programme in the shallower intervals. We
are looking forward to development drilling on Okoro Setu scheduled for Q4 2007,
in addition to executing phase one of the Eremor development plan and
exploration drilling in Congo and Gabon. We therefore remain focused on first
oil in early 2008, 15 to 20,000 bopd from Okoro Setu by mid-2008 and continue to
evaluate our strong new ventures pipeline.'

15 August 2007

Enquiries:

Afren plc +44 20 7182 1800
Osman Shahenshah Chief Executive
Evert Jan Mulder Chief Operating Officer
Galib Virani Investor Relations

media comment, click HERE

Thanks share trader, things certainly looking a little better let's hope now we can have a rise to match the fall

Afren PLC
20 August 2007

Afren plc (AIM: AFR)

US$50 million unsecured loan

London, 21 August 2007 - Afren plc ('Afren' or 'the Company') announces the
closing of a US$50 million unsecured loan.

The Board of Afren Plc is delighted to announce that the Company, through its
Nigerian subsidiary, has closed a US$50 million unsecured loan with First City
Monument Bank plc ('FCMB').

Background

The proceeds of the US$50 million unsecured loan will be used primarily to
finance the Company's acquisition opportunities. The Company recently announced
an agreement with Excel, an established indigenous company, for the development
of the Eremor field in Nigeria, taking the portfolio to 11 assets in 5
countries. The Company is currently evaluating other near term development
acquisition opportunities both in Nigeria and elsewhere in West Africa.

FCMB is a leading and well established Nigerian bank and the loan endorses both
Afren's existing asset base and its future pipeline of opportunities. Afren was
founded with the vision to become the premier pan-African independent
exploration and production company through a strong African representation in
its Board, Management, Partners and Shareholders. This latest initiative
reinforces the recent steps to increase the African participation in Afren's
capital structure.

Summary of the loan terms

The US$50 million loan is unsecured, has a five year term, with interest payable
semi-annually at LIBOR plus 4.45 per cent. and Principal repayments commencing
only after 30 months. The loan is accompanied by 12 million detachable warrants
over the Company's ordinary shares, with a term of five years. The warrants
have been priced at 85 pence representing a premium of 42 per cent. to the
current share price.

Osman Shahenshah, Chief Executive of Afren, commented:

'The US$50 million loan provides further flexibility in the continued build-out
of Afren's West African portfolio. This follows the recent syndication of
Afren's US$200 million Development Facility and its successful US$65 million
equity placement, both of which were over-subscribed. FCMB's strong local
backing of Afren is a testament to the Company's existing portfolio and
potential pipeline of acquisition opportunities. The continued support by
Nigerian financial institutions, including Guarantee Trust Bank plc's
participation in the US$200 million Development Facility, is both a strong
endorsement to Afren's established credibility in its principal operating region
and to the maturity and funding capacity of the regional financial sector, as a
supplement to Afren's traditional support base in North American and European
capital markets. Such local participation from the growing African Capital
Markets base, complements Afren's focus on partnering with indigenous companies
in developing a pan-African portfolio of oil & gas upstream assets.'

Ladi Balogun, Chief Executive Officer of FCMB, commented:

'We are proud to be associated with Afren, a well run company in an exciting
space. We expect that Afren will be able to increasingly tap into the local
capital markets to comfortably fund their expansion plans in the region. With
greater choice of funding options, Afren will benefit from a lower cost of
capital to accelerate its growth options. We look forward to working with Afren
on subsequent transactions, as we see this company continuing to hold
significant promise in the future.'

21 August 2007


Enquiries:

Afren plc +44 20 7182 1800
Osman Shahenshah Chief Executive
Evert Jan Mulder Chief Operating Officer
Galib Virani Investor Relations

From the oil barrel

21.08.2007
Afren Widens Regional Oil Search As Nigeria Development Work Continues
With development work in Nigeria underway, and buoyed by some recent well test results, Afren is preparing to embark on the next stage of its journey. As drilling kicks off in the Congo, and with a well lined up later this year in Gabon, the AIM-listed explorer is now beginning to assert itself as a true regional West Africa-focused oil company.

The first well to be drilled, in August, will target the Doungou prospect in Congos La Noumbi block. Here, Afren holds a 14 per cent interest in a concession operated by Maurel & Prom, already a significant producer in this corner of the world. A 200 km 2D seismic acquisition is also underway which will be completed by the year-end.

The Doungou well marks a big step for the company as it seeks to fan out across the region from its Nigerian base. Later in the year, a well on the Themis Marin block offshore Gabon will further bolster Afrens regional exposure. The well, targeting the Admiral prospect, is expected in the final quarter of the year. Afren holds a 12.86 per cent stake alongside operator Sterling, another experienced regional hand.

If either of these proposed wells pay off they will top up what could already be a significant pool of reserves from Afrens deepwater interests. The company has a small share of the Chevron-operated Block 1 in the Sao Tome & Principe-Nigeria Joint Development Zone. Last year, the US oil giant made a discovery with its Obo-1 well, the first to be drilled in the JDZ, with press speculation suggesting that the find could yield up a billion barrels.

Further ahead is Afrens Angola play. Here, it has teamed up with more reputable partners in the shape of Devon Energy and Repsol for a slice of Cabindas Central Block. The group plan 2D seismic on an area that has largely been out of reach for years because of security issues. But things are calming down, with Roc Oil recently launching the first well to be drilled onshore Cabinda in 35 years on its adjacent Cabinda South Block. These results will be eagerly watched by Afren and others.

But the primary focus for Afren is still Nigeria and its growing portfolio of development projects, headed by Okoru Setu.

Development drilling will start later this year with first oil for the group planned in early 2008. The company hopes to crank this up to as much as 20,000 bopd by the middle of next year, another significant test of its technical and operational skills. Afren said last week that the FPSO, currently being fitted out in a Singapore yard, is scheduled to arrive in Nigeria in December.

Positive results from the Ofa-1 well test should give the company plenty of added cheer. It said the deepest hydrocarbon-bearing zone, tested at a depth of 7,200 feet, flowed rates of up to 1,000 bopd on a 20/64 choke. Work is now underway to test the fields shallower zones. Afren chief executive Osman Shahenshah said he was delighted with the results. Separately, the company is progressing work on the Eremor development following the approval of a field development plan.

We remain focused on first oil in early 2008 -15-20,000 bopd from Okoru Setu by mid 2008 - and continue to evaluate our strong new ventures pipeline, said Shahenshah.






.

Fox Davies FLASH NOTE
Sector: Oil & Gas
Location: West Africa
Date: August 21, 2007
Ticker: AFR LN
Afren Buy, target price 1.16

Closes US$50mn unsecured loan
Event
Afren today announced the closing of a US$50.0mn unsecured loan through its
Nigerian subsidiary with First City Monument Bank, a local well-established
bank. The proceeds of the loan will be used primarily to finance Afrens
acquisition opportunities.The loan has a five-year term with interest payable semi-annually at LIBOR plus 4.45% and principal repayments commencing only after 30 months. The loan is accompanied with 12.0mn detachable warrants over Afrens ordinary shares with a term of five years and exercise price of 85p, which represents a 42% premium over yesterdays close.

Implication
The announcement is positive for a number of reasons:
To conclude an unsecured loan under current market conditions is a
significant achievement
Afren is further differentiating itself from its peers with access to nontraditional
regional funding
Local backing represents further political reinforcement and a vote of
confidence in Afren
The unsecured loan suggests the company will continue to make value
adding acquisitions
The loan is non-dilutive in the near term
The loan also comes in addition to the syndication of Afrens
US$200mn development facility and provides further financial
flexibility to the companys growth plans
Afren is also gaining another respected Nigerian investor in its
shareholder base through the warrants

Comment
Since the proceeds have not yet been utilised and given that the principal
payments are delayed by 30 months there is no immediate impact on NAV.
We continue to be positive on Afren and believe that the current share price
weakness due to wider market correction represents a buying opportunity. We
maintain our Buy recommendation and a target price of 1.16.
Company Statistics
Share Price (p) 61.0
Shares Outstanding (mn) 267.4
Warrants and Options 35.4
Fully Diluted Shares (mn) 302.8
Market Capitalisation ( mn) 163.1
Average Daily Turnover ( mn) 1.1
Net Debt/(Cash) ( mn) (49.0)
Enterprise Value ( mn) 114.1
52-week High (p) 84.75
52-week Low (p) 40.75
Website www.afren.com

Afren plc (AIM: AFR)

Completion of First Exploration Well on La Noumbi licence


London, 4 October 2007 - Afren notes the announcement below from Maurel & Prom,
operator of the La Noumbi licence in the Republic of Congo (Brazzaville):

Osman Shahenshah, Chief Executive of Afren, commented:
'Whilst the poor reservoir permeability at the location of the Doungou well is
disappointing, it established a working hydrocarbon system which is encouraging
for future exploration activity on the La Noumbi acreage. The licence has
multiple reservoir targets and covers a vast area of 2,830 square kilometres. We
look forward to an active drilling programme in 2008 after we have incorporated
the well results and interpreted the new seismic data.'


Maurel & Prom announcement:

'On the La Noumbi permit (Maurel & Prom, 49% operator), the exploration well
Doungou-1, whose main objective was the Vandji sandstone reservoir, was plugged
and abandoned.

The well was the first to be drilled by the La Noumbi Joint Venture, comprising
Maurel & Prom (operator and 49% working interest), Burren (37% working interest)
and Afren (14% working interest).

The Doungou well was spudded on 13th August 2007 and reached a total Depth of
2,602m (2,168 tvdss) on 26th September 2007.

Oil and gas shows were observed in several intervals in pre-salt formations. A
comprehensive logging suite, including pressure tests and sampling data, was
acquired across the intervals of interest. Reservoir quality is poor, due to low
permeability and the well was plugged and abandoned.

The well proves the existence of a working hydrocarbon system at several levels
in an under explored part of Congo Brazzaville, which is encouraging for future
exploration activity.

A new 2D seismic data set was recently acquired in the north of the La Noumbi
licence covering 200 kilometres in the area adjacent to the Tie Tie oil
discovery. Together with the new data acquired in 2006 and the reprocessed
existing data, these will be interpreted with the benefit of the Doungou well
results to determine new prospects to be drilled in 2008.'

Not very good news but something happening, was expecting a slight fall what a surprise

So was i , what a pleasant surprise .

Broker note out target of 110p.

Very bullish, hold on..........

I can't guarantee this link for long so save it or print it.

http://www.david-wilmshurst.co.uk/afr_merrill071004.pdf

The link doesn't appear to be working now. But thanks anyway.

The link works for me.

Do you have your firewall to tight?

Or turn off pop up blocker till you download it.

Link works through Security firewall !! Thanks, SWW, nice to be in the Blue again!

I have been having trouble with my browser all day, but when i used Firefox the link opened .

We are now back in almost 2 months in the low 80s from the 60p area, so this is good news, for all those who held in and for those who managed to sell high and buy back in low
I do hope now we can see a steady climb up to production start up with a few surprises on the way. A milestone for me is to hit record highs and then 100p at xmas

CONFERENCE PRESENTATION
London, 23 October 2007 - Afren plc ("Afren" or the Company) announces that Osman Shahenshah, Chief Executive, will be presenting at the Canaccord Adams Global Energy Conference in Miami, USA on Wednesday 24th October 2007 at approximately 2:00 p.m. British Summer Time / 9:00 a.m. Eastern Time.


Investors are invited to listen to the live webcast via the following link:

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2020260

The presentation slides will be available on Afrens website at www.afren.com.

Gr8t speech full steam ahead now 1.00 here we come!! My first trench was at 53p WHOOPEE!!!

This is what we have been waiting for blanche, excellent stuff
Crack open the wine

Its now nice to see us hit the 100p, with drilling not too far away and then production to start and we can't rule out further acquisitions so hopefully more good times to come
A special thankyou to TheFrenchConnection for the research he did and bringing this share to my attention , Ive not heard from him in a long time but take care my friend
Keith