< "> 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

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 ..............................

a truism ..... good deals get done quickly, but i suppose some may take comfort that talks are still ongoing

I wouldn't like to speculate ,either way iv'e done some serious dosh here ,not happy.

Surely it depends on who the deal is good for. Since Seplat have the upper hand here there just might be a crumb of comfort for the people about to be screwed, that's me but..... where there's life there's hope!

What ever happens it'll be after hours and not be able to do anything till monday morning, which will be too late.,.

you know my views so i won't repeat

if i wanted to gamble, i'ld probably go long at this point as there's likely to be a turn
to be made between now and mid feb

Should be more news today concerning the debt repayment. If that is sorted then SEPLAT might be a little more interested?
["As previously announced, Afren has initiated negotiations with the lenders of the US$300m Ebok debt facility with a view to obtaining a deferral of the US$50m amortisation payment due on 31 January 2015"]

'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.'