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

Think I'll wait a while and see if sp drops back a bit after recent rise before buying.

good afternoon little flower!

bonjour mon petit choux

les autres parleront de nous si nous ne sommes pas soigneux!

Cynic: have you been at the champagne again? ... Think we'd better not clutter up this (otherwise sensible) thread or pth will be onto us!

no - just been beavering away in the kitchen ..... 1 x monster chicken (poulet d'or) has been turned into coq au vin and for this evening, a single breast (enough for 2!) stuffed with fresh black truffle and butter (wrapped in cling-film and will then poach in same) accompanied by a fine bottle of '96 meursault ..... carcass already turn into stock!

You have indeed been working hard. That should be enough to invite us all for dinner!

Right you lot!, avez vous a cuppa !, not sure if I'm looking forward to tomorrow, I think most of the market will be down, with the probable exception once again of energy stocks holding up well, please no diabolical crashes again, too many in last few years for my liking, I find this market very difficult to short as well as cannot watch it all the time.

Some very good buying going on, it just gets better

It certainly does - glad I bought some this morning.

Well done Toya hope you reap some reward in the future, i have no reason to
think you will not,,, good to have you onboard
At some point from these dizzy highs we will have a healthy pull back, and then onwards and upwards

waited for some profit taking but none came so finally bought in mid afternoon--hope it does well again for the rest of the week.

Not good news here am afraid, but we still have other plays, the rig will now be going to our flagship project , so a little retrace now but over the longer term a miner blip

Afren PLC
14 January 2008



Afren plc (AIM: AFR)

Gabon Drilling Update

London, 14 January 2008 - Afren plc ('Afren' or 'the Company') notes the
announcement below from Sterling Energy Plc in relation to recent drilling of
the THAM-1 well on the Themis Marin permit, offshore Gabon. Afren has a 12.86%
stake in the Themis Marin permit.


'The THAM-1 well, Themis Marin, was drilled to its target depth of 1,330 metres
in 11 days, on budget. The reservoir target was encountered low to prognosis
with limited hydrocarbon shows and the well is now being plugged and abandoned.'


'The second well in the Gabon drilling programme, ICM-1, is scheduled to spud in
April in the Iris Marin licence (Afren 12.86%). This well has much higher
potential upside and is targeting gross reserves of 11-40 million bbls.'



Enquiries:

An oil tanker has exploded in Port Harcourt, perhaps this has caused the tumble in AFR ?

Some good news for the future with todays RNS, also on rig-zone if it's
correct we are drilling now
Just a pity we have dropped quite alot during the market turbulence

http://www.rigzone.com/data/rig_detail.asp?rig_id=308


Afren PLC
21 January 2008

Afren plc (AIM: AFR)

Afren enters into a co-operation agreement with E.ON Ruhrgas AG and African LNG
Holdings Limited

London, 22 January 2008 - Afren plc ('Afren' or 'the Company') announces that it
has entered into a co-operation agreement with E.ON Ruhrgas AG and African LNG
Holdings Limited.

The Board of Afren is delighted to announce that the Company has signed a
co-operation agreement ('the Agreement') with E.ON Ruhrgas AG ('E.ON Ruhrgas')
and African LNG Holdings Limited ('African LNG') to investigate the availability
and accessibility of gas in Nigeria, with a focus on the Anambra Basin and South
Eastern regions. The parties have the intention to jointly develop, collect and
monetize the gas for domestic and export purposes in line with the Nigerian
Government's Gas Master Plan.

The Agreement

The Agreement includes an analysis of potential feedgas, based on an identified
target list of upstream gas rich assets and a study of gas gathering
infrastructure and potential LNG export solutions. The parties will subsequently
decide on jointly establishing corporate structures and funding arrangements.

Osman Shahenshah, Chief Executive of Afren, commented:

'We are delighted to have signed a cooperation agreement with E.ON Ruhrgas and
African LNG. We are honoured to be working with E.ON Ruhrgas, a pre-eminent gas
company. Afren remains at the forefront in contributing to the Government's
ambitions to develop Nigeria into a major gas producer and assist with the
reduction of gas flaring in the region. The cooperation agreement with E.ON
Ruhrgas and African LNG to develop upstream gas allows Afren to capitalise on
the anticipated growth in global LNG demand, without diluting our upstream
focused strategy.'

Dr Dietrich Gerstein, Senior Vice President, LNG Supply Division, of E.ON
Ruhrgas, commented:

'LNG is a key element in diversifying E.ON Ruhrgas's gas supply base. Nigeria is
an important target region in the LNG strategy of our company. Within this
strategy, the activities conducted under the Agreement with Afren and African
LNG can serve as a basis for building an integrated LNG position, including
upstream participation, in a significant global gas basin.'

Theo Oerlemans, Chairman of African LNG commented:

'It is our strong belief that West Africa will grow as a major LNG supply point
for countries throughout the Atlantic Basin including key markets in Europe and
North America. The Agreement with E.ON Ruhrgas and Afren represents an
important milestone for our ambitions to become the premier independent
integrated LNG company in the Gulf of Guinea.'

Background

The Gulf of Guinea has over 200 trillion cubic feet of gas reserves, with more
than 80% of those reserves situated in Nigeria. Afren is currently in
negotiations on a number of gas rich upstream assets in Nigeria. African LNG
will be Afren's exclusive downstream liquefaction partner, in developing a
monetization strategy.

The Nigerian Government's 2008 Gas Master Plan focuses on diversifying gas usage
between domestic and export purposes. Exploration, aggregation and reduction of
flaring are integral to the Gas Master Plan. Against this background, any future
joint efforts by the Parties of the Agreement will work towards a multi faceted
gas solution including an LNG export facility.

LNG will be a key source of new supply to meet increasing global gas demand.
Combined with depletion of indigenous supplies from US and Europe and lack of
flexibility of piped alternatives, LNG is emerging as a swing supplier in an
increasingly global market.

22 January 2008

Enquiries:

Afren plc +44 20 7451 9700
Osman Shahenshah Chief

I'm now back into this one, I hope not too soon...

Steady climb for this one...nice !

Looks like if we can just beat the ATH blue sky beckons in the run up to production, can't wait

Activity starting to pick up again, don't know whether anyone has checked the website but some pictures of the new t-shirts for the Okoro project being show off with happy smiling faces

Am onboard ready for take off

Hey Keith, long time no speak. Great news today this should keep the engine nicely oiled until okoro production, then skys the limit. When we get to 1.50 i will have doubled or more on all my trenches here! Assume your raking it in to. Good things come to those that wait.