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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
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
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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

Might get a correction after the results this morning...........but medium term should see the trend intact.happy to hold for now.

whereas pre tax loss increased, I thought the future looked very positive

Numbers look very good, dont be squeezed out!

Good buying op!

i thought this morning's rns showing the drilling programme for the next year or two was useful and surprisingly transparent ..... on the back of that, would have expected enthusiastic reception instead of further profit taking.

for those who fancy a (further) dabble in this promising minnow, +/-73 looks a reasonable entry point ....

On the 50 day MA cyners??

Might take you up on that...cheers.

red = 25 dma
green = 50 dma
black = 200 dma

keep an eye on GPK too ..... it keeps challenging 90 but has not yet managed to break through it, or at leasst not with any conviction ..... if or as/when it does, a few fireworks may be in store

Will do, both on watch list. cheers

For GKP ; if there is further to go (I think so ) it could be very sudden and almost impossible to get in later at a reasonable price..still in Afren and looking good for a pound by the new year...

Cheers RF.

could be an upward trend on most oil companies in Nigeria, as the ChInese have stated they want to buy into oil in that country
Not clear at this stage if it means they want to do a deal with Nigerian government or buy into Oil Companies in Nigeria.............whichever way suggests that Nigerian oil is wanted

Joined youn guys in AFR this morning... thanks cyners.

7:35 AM Sources say Chinese state-owned oil company CNOOC (CEO) is in talks with Nigeria to buy a large stake in some of Africa's richest oil blocks, at a possible value of $30B. A successful buy would put CNOOC in competition with western oil majors with a strong presence in the area

good call for the bounce wasn't it

Spot on Cynic

If CNOOC buy up expired and other licences, wont that mean a lot more competition for services, personnel etc in Nigeria, with negative cost implications when they start to invest ?

Also may increase pressure on those holding acreage as yet undeveloped, the govt could quickly strip co's unwilling / unable to drill as a bidder is waiting

a positive would be increased investment in the onshore facilities, removing some of the bottlenecks there and making more fields viable - though of course you'd have to pay the Chinese owners a few $

yep good one cyners.

BOING, bouncing off the 25 day DMA as cyners called it.....spot on. Well done that man.

was tempted to buy some more for myself, but in truth i really have enough

Presumably when you sell then, your holding will be enough to move the sp on it's own???

hahaha! ..... i don't think 20k will excite anyone much

Would like to think that today is the start of the next move upwards. gla