< "> 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

Same on IG HARRY ,up 1500% , i thought we were going to get an rns saying
"sorry we just found that billion we needed down the back of the sofa" ....

Update on interim funding


Afren plc ("Afren" or the "Company") provides an update regarding the status of its interim funding arrangements.

As announced on 13 March 2015, the Company has entered into a conditional agreement with noteholders representing approximately 42% of the outstanding principal amount due under its 2016 Notes, 2019 Notes and 2020 Notes (the "Ad Hoc Committee") for the provision of US$200 million in net interim funding (the "Interim Funding") in the form of super senior private placement notes (the "PPNs"). The Company anticipated that the PPNs would be issued by the end of March 2015.

The Company is making good progress on satisfying the relevant conditions precedent to the provision of the Interim Funding and expects to finalise arrangements for completion of the Interim Funding imminently. Given the delay in completion of the Interim Funding, the Company now expects to release the Group's 2014 full year results at the same time as the issue of the PPNs. The Company also expects to be able to announce the appointment of a new CEO at the same time.

Following the delay in the issue of the PPNs, Afren has obtained from the lenders of the US$300 million Ebok debt facility a further deferral of the US$50 million amortisation payment originally due on 31 January 2015 until 30 April 2015.

Further announcements will be made in due course.

The contents of this announcement will be available at www.afren.com. The content of the aforementioned website is not incorporated into and does not form part of this announcement.

Response to reports regarding CEO

London, 7 April 2015

Afren plc ("Afren" or the "Company"), (LSE: AFR) notes the press reports that Alan Linn is proposed to be appointed as the new CEO of the Company. Afren confirms that Alan Linn is currently acting as a consultant to the Board of Directors and that it is has agreed in principle with Mr Linn for him to be appointed as Afren's new CEO and a director of the Company with effect from completion of the interim funding (as announced on 13 March and 1 April 2015), which is expected to occur imminently.

A further announcement will be made in due course as appropriate.

Comment

Profit from the coming oil boom

Dear Reader, The oil rebound is a dead cert – the only question is when… Last week’s sudden explosion of violence in Yemen shows just how sensitive the oil price is to the slightest shock. After a coalition led by Saudi Arabia launched air strikes against Shia Houthi rebels in Yemen on Thursday, the price of West Texas Intermediate (WTI) crude jumped more than 6%, while Brent was up 5% in just a few hours.But the truth is, last week’s events are a distraction from what’s really going on in the oil industry. Let me explain.The world has never spent more on developing new oil supplies as it did in 2013 – around $700bn. And yet we have never found less of the stuff – replacing only 4.5 months’ worth of production.Shell recently announced that it only replaced a quarter of its production in 2014. Other big oil firms have been saying similar things.Now that the oil majors have all announced cuts in their exploration and production spending, this means that at some point the world is going to start running low again. It’s just simple supply and demand. Think about it. Last year they spent record amounts and only found enough new supplies to replace four and a half months of current production. So if they’re all cutting their budgets this year, common sense suggests they’re going to find even less.And when this supply crunch starts to bite, make no mistake: oil will skyrocket. That’s my view, and that of my Fleet Street Letter colleague David Stevenson. We’ve spent months wading through the wreckage of the oil crash, seeking out the best ways to make money. David in particular has studied scores of balance sheets, production figures, drill reports, supply and demand ratios – the lot.And we've boiled all that down into exactly what you need to do right now.Forecasts are not a reliable indicator of future results This could well be the most obvious investment opportunity of the year – if not the entire decade.

Where did that come from cyril ? not from Malcy's ?

Shell bid for BG,brings an earlier post to mind,on how they saw the future of the industry,including the price of oil?

My first go into this bear pit called AFREN.

3.26p last week.

slowly slowly catchy monkey.,.

I can't see us catching any monkeys Bb , iv'e been in and out of other oilers trying to overturn this loss.

jimmy b

Fleet street letter , they like big headlines for their news sheets to get punters to subscribe.

Jimmy, i think were your are going wrong is sticking to oil stocks, to get your lost money back. Put your money into a sector thats full of M&A and deals like Telecom/media, am very bullish of ITV

I think it's that point of no return that you get too in a declining share...... I know it well. hang in there jimmy.,.

I'm not going wrong aldwickk ,i have done well trading oil stocks (got me back about 50% of my losses here) and i have not just stuck to them ,however there have been some good gains to be had over the last couple of months ..

Balerboy i am well hung !!!

(:>O)

sorry chaps, but i cannot see that AFR makes a good investment even at these pathetic levels

though the company has "producing assets", there is so much stinking manure and skeletons remaining, that it is nigh on impossible to see any predator taking a serious interest

buy 1,000 shares for a laugh if you must :-)

though i take it you don't actually disagree with my summation :-)

If we didn't ,we do now as you have been here 4 million times to tell us .

I'm not expecting anything here except this will offset some gains this year for tax .

i only posted in the light of shell's acquisition of bg and how other companies might well be actual or realistically perceived targets

I think your right ,i'm liking some oil stocks ,waiting for another drop now .