< "> 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

oil/gold in the ground is worth just that,would like to see some actual significant production.

27000 barrels of oil at the moment if I'm not mistaken...all the talk is about future production with the newish discoveries. Isn't the 15000 barrels of oil by mid 2010 on top of what they already have ?..if not then I'm mixed up....will have to check...

don't entirely disagree halifax, as you well know, but at least it's significantly better than saying they have some interesting prospective sites!
btw, sp remains pretty firm all things considered

FT chat guys still sceptical about the real reason for the sale:
"Did some maths on the Founder Warrants and share sales. The numbers clearly demonstrate that the CEO (Osman Shahenshah) took more than 2.2m net OUT of the company through the exercise of these REPRICED warrants and share sales. The fig leaf of 'tax payment on the warrants' clearly doesn't hold water. Note that the CEO now only owns c.4m shares, having sold 9m yesterday. Warrant exercise price 39.75p, sale price 81p, tax rate UK cap gains @ 18%."

and what does sp tell you?
it shows that any sales are being readily absorbed and sp remains very steady under the circumstances
at the end of the day, it'll be drilling results or other related news that drives sp

Presumably there has to be plenty of shares available for big insti investments so maybe that is hy the CEO released some. He's got plenty left for the rise!

EXCELLENT NEWS THIS COMPANY GOES FROM STRENGTH TO STRENGTH!!!!!!!!!!

MORNING !!.. :))

RNS Number : 5864C
Afren PLC
17 November 2009

Afren plc (AFR LN)
Afren plc announces the completion of the Ebok-5 appraisal well offshore Nigeria
London, Tuesday 17th November 2009. Afren plc and its partner Oriental Energy Resources ("Oriental") announce completion of the Ebok-5 appraisal well.

Highlights

The Ebok- 5 appraisal well has been drilled to a total depth of 3,743' md

Ebok-5 has encountered a further 54 ft of gross oil pay in the D2 and LD1F reservoirs

The oil column is full to base in both reservoirs

Extensive log and pressure data has been acquired over these intervals, which are currently being analysed

A total of four oil-bearing reservoirs were encountered ranging in measured depth from 2,341 ft. to 3,090 ft.

The Ebok-5 well, which was drilled by the Transocean Adriatic IX jack up drilling unit, has been drilled to a total depth of 3,743'. The well encountered a total gross oil column of 266 ft in the D1 and LD-1E reservoir sands ranging in measured depth from 2,341 ft to 3,090 ft, in addition to a further 54 ft of gross oil pay in the D2 and LD1F reservoirs.

Analysis of an extensive logging and sampling programme on the D1, LD1E, D2 and LD1F sands is ongoing.

Osman Shahenshah, Chief Executive of Afren, commented:

"The Ebok-5 well results have exceeded pre-drill estimates, and provide an important additional calibration point for the amplitude model, which will assist in further appraisal and de-risking of the remaining upside potential in the Ebok - Okwok complex."

Alhaji Mohammed Indimi, Chairman of Oriental, commented:

"We are delighted with the successful results of the Ebok-5 appraisal well. Since Afren and Oriental established our partnership, we have grown the resources base on Ebok from a pre drill minimum economic field size of circa 25 million barrels to a current recoverable reserves base in excess of 78 million barrels. We look forward to further increasing our presence in the Ebok-Okwok area."

This being the 8th RNS. in the last week alone we should be a quid now surely?. Reached 97p before this avalanche of news.

its been held back before main listing?

IMO SHOULD THEY BE OVER 1.00 ALREADY

i don't disagree, but the market does! ...... i suspect that, as often happens, once a resistance level is properly breached, sp rockets away to the next level

on another level, though AFR is somewhat "tainted" by its nigerian connection, i remain confident that it really does have a significant field on its hands, and when development news starts coming though on that, we shall again see more positive activity

Had a nice little top up here today ahead of ftse entry. Then i think we will start to move up with more consistency. aimvho

guys what your opinion for afren to be listed on main market,wat diferent in prize would make?? your feed back appreciated thank you...

Finally a blue day. Big week next week! 350 here we come. Should start the next leg up in this companies history. aimvho gla

Peeps getting in ahead of tomrws listing.

Just a trading bounce off the DMA imo.
Lets hope the change of listing attracts new money. It doesn't always work.

That to HARRY, But we are overdue the next leg up imo. Should see us through the mark very soon.

may the force be with you blanche..

Spooky i was just thinking about yoda. lol

think i'd sooner think of Sabrina out of celebrity.....oooohhh that wet T shirt......