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

To late they are going up ...... lol

always another day?

Nice to see us bounce back up, am not sure if it will go lower i suppose anything is possible in these times

WOODIE why not try Banks,, house builders or retailers if your looking to buy something low they all look cheap now

Only kidding -)

why is this one dropping so much ??

Not many stocks have been able to avoid the recent market turmoil, i think the stock maybe being shorted, we will bounce back but only when we have hit the bottom at what price that will be i don't know

The two recent directors buys give us some confidence that this will come good again its a matter of being patient as with other stocks at the moment unless you have to sell

Nothing has changed for afren we are producing oil and more to come on stream in the near future, later in the year we will be drilling for more oil

The day to day risers and falls is all part of the game but look at the bigger picture in say 1 or 2 years from now, its not nice to see the share price falls but if no pain no gain -)

looks like my 90-1.10 price might come good.

70p - 80p on the cards.

my price target come good s/price still looks weak not sure it wont go cheaper.

what is happening with one, where do people think it is going to bottom out ???

now iam sure it will go lower then 90p,the sector/aim market looks weak at the moment.

down 19%

Poor Afren Good cy but hammered in these mkts

How low is this one going?

The graph looks like the "evil eye" in the 3rd episode of "The lord of the rings"....I can't see "Sam and Frodo" yet to save the day....crazy drop...there has got to be a turnaround soon !.

In 3-6 mnths time these could be 100p or 20p.

Do you want to take the chance cause I know I don't.

And there lies the problem. No confidence = low volumes = share price falls = more hedge fund redemptions = no confidence etc etc.

At the moment it looks bleak.....I won't be putting many trades through until next year by the look of things !.

Does anybody have any idea what is their cost of production?

22.5p...is it going to go any lower?

Been watching it closely.

Being slaughtered.

now down 17%
perhaps the future is red