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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
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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
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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

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

Sellers are dominating the L2 book ? i'm not saying any good is coming out of this wreck yet but i think there are a lot more bought than sold cynic ,again that means nothing, maybe gamblers taking a punt .

just looking at offers/bids
it's nothing silly as sometimes happens but currently 4/3

btw, 102m already traded!!

98m!

IG shows 109.3m :-)

98.5 on Digitallook.
If SEPLAT do make an offer of any kind, this has surely got to rise temporarily. Just a matter of being quick on the 'Sell' button!
The fact that many Funds have dumped stock doesn't bode well though, not that they are any better informed than us, but they seem to think the risk isn't worth the reward.

Statement re Rule 2.6 Extension
RNS
RNS Number : 6538D
Afren PLC
30 January 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE
30 January 2015

Afren plc
Statement re Rule 2.6 Extension

On 22 December 2014, Afren plc ("Afren" or the "Company") announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc ("Seplat") regarding a possible combination with Afren.

In accordance with Rule 2.6(a) of the UK Takeover Code (the "Code"), and further to Afren's announcement on 19 January 2015, Seplat is required, by not later than 5.00 p.m. on 30 January 2015 (the "Deadline"), to either announce a firm intention to make an offer for Afren under Rule 2.7 of the Code or announce that it does not intend to make an offer for Afren, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

Following the receipt of a request from Seplat, the board of the Company has received the consent of the UK Takeover Panel (the "Panel") for an extension to the Deadline until 5.00 p.m. on 13 February 2015 to enable the parties to continue their ongoing discussions. By this time Seplat must either announce a firm intention to make an offer for Afren or announce that it does not intend to make an offer for Afren, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This new deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

There can be no certainty that an offer will be made or as to the terms of any offer.

Further announcements will be made in due course.
=======================================
=======================================

Still ongoing then ..............................