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

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

Kieth ,Fingers crossed its above at the end off the day. Then i can open a bottle of the good stuff and dream off £2.00 by this time next year,with everything that its got going on imo. 8-)
Echo your words on TFC

Its not been an easy ride blanche but not many are, but am assured when we become a producer things will change
Am almost on a free ride now, i took a few profit's in the low 90s got most of my stake back now so am happy

just read this, quite bullish on AFR, HERE

Thanks Andy, interesting read
A little retrace from the recent rise, but am still looking forward to next year

Each company will present for 20 minutes with 10 minutes Q&A to follow. After the presentations are complete the directors will be available to take questions during a free canapand wine reception which will be open until 9pm.


Afren Plc (AIM:AFR)
Afren was founded in December 2004 by a management team including Dr Rilwanu Lukman, (Chairman), Osman Shahenshah, (Chief Executive) and Bert Cooper (Advisor to the Board), with the vision to become the premier pan African independent Exploration and Production company. Afrens Chief Operating Officer is Evert Jan Mulder, who was most recently Chief Operating Officer of Addax Petroleum, Nigerias largest independent oil producer. Since its listing, Afren has rapidly expanded its portfolio and the management team has delivered 12 assets in the Joint Development Zone of Nigeria-S Tomand Prcipe, Nigeria, Gabon, Angola, Congo Brazzaville and Ghana. In addition, Afren has built an executive and non-executive management and advisory team with broad and extensive experience in the industry, both in West Africa and internationally; in identifying and completing corporate expansion opportunities and in public company financing. Afren also looks to leverage key relationships across the region to gain preferential access to opportunities. Afren will continue to add to its diversified portfolio of near term development and high impact exploration, with the overall objective of creating substantial shareholder value.

http://www.proactiveinvestors.co.uk/eventregistration.php


Range Resources (AIM:RRL)
Range Resources is an exploration company with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia. Puntland is believed to have all the geological requirements to become a commercial oil-producing region. Range has two Production Sharing Agreements (PSAs) for the Nogal and Darin Blocks, two particularly promising basins. Undiscovered oil-in-place resources in the Nogal block are estimated at net 860mmbbl. A successful project in this Near Shore zone would mean that new reserves could be rapidly placed on production, largely from shore based facilities. Fox-Davies Capital recently initiated coverage with a price target of 50p.

http://www.proactiveinvestors.co.uk/eventregistration.php





CBM Oil (PLUS :CBMP)

CBM Oil (PLUS:CBMP) is an oil & gas exploration company established to get finance the exploration and development opportunities of energy resource interests in the Caspian, the Black Sea and the Mediterranean., with a focus on projects in the Commonwealth of Independent States.

CBM started negotiations with Chornomornaftogaz, a subsidiary of Naftogaz Ukraine, having identified that Ukraines sector of the Black Sea could contain large oil and gas Prospects. OIn August28 September 2007, CBM and Naftogaz Ukraine Chornimornaftogaz concluded a Joint Operating Agreement for the Gordievicha exploration prospect. CBM and the Ukrainian Ministry of Fuel and Energy have also created a Working Group to oversee the joint development of the hydrocarbon fields in the Black Sea and the possibility of co-operating outside Ukraine.

The Minister of Fuel and Energy supports further cooperation between CBM in the Black Sea and joint activity by Naftogaz with CBM Oil outside the Ukraine. It is the intention of the Company to float on AIM in the first quarter February of 2008.

http://www.proactiveinvestors.co.uk/eventregistration.php