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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
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

14.8p seems to be the stumbling block today.

MMs playing games?

well it is an order book share but we also know that MMs know how to manipulate it
now one way is to bring some correction and get into the stop loss and get rid of some traders. ( fill up their books also )

So they brought the stock down to 12.60p spike (50% intraday retracement ) and up again currently 14.05p

Are the Saudis going to win the battle as others including the US are cutting back on exploration?
probably is my guess, as their balls are bigger, or put another way, they have plenty of cash and oil reserves that are far and away cheaper to exploit than anyone else's

of course, in the slightly longer term, it will be the revival of the chinese and indian economies, the latter seemingly already under way, though slowly

I think the expression is 'Their pockets are deeper!'. ;o)
[Though not sure if Thwabs have pockets.]

They are always losing their car keys....

I've got a few mates like that at the bar - deep pockets and short arms!

Damn.....pulling back sharply...any reason ?...

as far as i can see, and mentor will know better, there looked to be strong resistance as expected at 15 ..... 12.5 may have been expected to be a support but was not, so now you're back exactly to where it opened ..... the brave may argue that 10p is the "new base"

as i mentioned earlier, (i think) this is a totally false market, sp gyrating as the professionals dive in and out .... why else would there be 280m traded today?

May be of interest

If it's taken out : it should be above 20p or so....or if they raise capital : again the sp should I reckon shoot above 20p......crude is up.....could do with a further rise...

If it's taken out : it should be above 20p or so
why?

http://www.hl.co.uk/shares/market-reports/market-reports/london-close-footsie-at-five-month-high-as-greek-concerns-ease,-oil-stocks-surge

Hargreaves Lansdown tonight ,read the full article above .

Finishes with .

Sector peers Shell, Tullow, Premier Oil and Soco International all finished with decent gains, along with Afren as concerns about funding for the Africa-focused explorer eased.

An estimation of what price investors, major shareholders would deem acceptable....I feel that Afren would do better to raise some capital and slog through this difficult period.....I'm not convinced about this low oil price at all ! that we see at the present time even though crude has rebounded in the last few days...anyway...20p is an absolute minimum....

rf i'm kind of hoping Afren could go it alone if they can sort out re financing .

Brent went to $58.50 and back to $57 the spike was too sharp, but $2 up on the day

------------------ Intraday Brent Oil ----------------------------------------- 2 month ---------------

Lets hope we can close the gap and maintain it today.

seemingly the pied piper has called, and the lemmings are completing a u-turn, at least for now

lots more churning of stock and stomach to come for those so inclined to get involved

In freefall..

Thanks for that piece of analysis mitzy.

It did fall to 8.60p and bounce to 10.27p now
The bear trap was well done with MMs and derampers on plenty of other threads to the poin were the order book was DEPTH 50 v 154 at its lowes

now has settle on a level basis