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

Borrowed from another bb Hope ok talha2

this was posted on 111 on Monday by a poster called cosiwant 2 before the expected and now delayed results.

I posted this a few days ago (Monday):

I have a Bloomberg terminal so can get access to latest analyst research on Afren.

Net Income is forecast to be:

2009 46.45 mn
2010 173.45 mn
2011 248 mn

I anticipate that these figures will be revised upwards tomorrow when the analysts have had a chance to review the latest figures. As well, if the oil price increases this will obviously cause these figures to be revised upwards as well.

--------------------------------------------------------------------------------
the same poster then posts this today



The most meaningful figures are the:

SALES:

2009 331 Million

2010 463 Million

2011 971 Million

PRE-TAX PROFIT

2009 107 Million

2010 213 Million

2011 494 Million

EPS

2009 16.7p/share

2010 16.0p/share (does not make sense given that turnover & profits are increasing)

2011 53.0p/share

I have been disheartened by the management's handling of the release of their results. However, I believe that this company's prospects are excellent given the expected growth in their earnings
-------------------------------------------------------------------------------

from talha2 now

I can see from above why Afr need the full attention of analyst when they release results ,they have a staggering and phenomenal growth story to tell

Hello blanche hope your keeping well,,, from the dizzy heights from last year now down to these levels like many stocks now.
Am still holding as many from last year after some buying and selling some in order to keep a good average price
Looking forward to the results Monday, the future figures are staggering that was posted thanks ( maybe sometime soon we will be able to crack open that bottle of wine)

Take care Keith

A lot of thanks should go to the French connection who first started this thread.

unfortunately, he seems to have been guillotined many months ago ..... perhaps found guilty of gross verbosity!

quite heavy traffic today and sp off yet again, though buys/sells do not seem overly unmatched.
either there's something nasty to appear with monday's figures, or peeps are banking profits ahead of fiscal y/e or shorters are going to get badly burnt

cynic i think your right, shorters and e/y sales? Maybe take down to 30p tomorrow
morning then i would expect them to close? So i just topped up, look forward to mondays results and possibly some news?
cyril

Hi Kieth long time no speak. Tell me about it!! Trying to buy as many as i can at these stupid levels. Average down at 31p so should be quids in in years to come. Always been one for my pension this.

Cynic cant see any bad news coming here. Like you have said mixture of profit taking by peeps that brought in the teens and shorters getting out. The buys and the sells are simalar down to long termers buying up more. IMO 8-)

Blast it !, what's happening here ?, still in very much.....too much of a drop here....bizarre ....bizarre !.

Cyril, hoping that tommorrow should see a rise. Peeps trying to get in before the next leg of the journey up.

Those who attended yesterdays OB presentation confirmed their was nothing
unforseen to report.
cyril

I've topped up--fingers crossed for Monday and beyond. Those forward predictions are incredible!

Tempted again just brought another 10k

Bought some more.....but getting nervous about a 13p pullback from 46p !

aldwickk if you remember over a year back i did thank TheFrenchConnection for the research he had done on this company , we were both fans of him and i do now still miss his posts
But the point is many posters now take the time to post information on this board and it that i give thanks taking nothing away from TheFrenchConnection

took a deep breath and also bought another slab at 32.75, and so far so good as a bit of a recovery under way.

with a twitchy market and fiscal y/e looming, there's plenty of trading profits to be made if one is lucky enough to get the timing and rhythm correct - and also avoid the pitfall of GREED

Sometimes i take a deep breath cynic when i see your name against one of the stocks wondering whether its positive or negative comments -) and glad now i can rest easy,, good look with the trade

you are too easily scared - lol!

RF nervous at 33p just think of those who bought at 46p, you should be thankful for the retraction "thats why you got them so cheap"? Could go 30p so what its where they finish up to, long term??
cyril

.

I expect a bumpy day tomorrow but a good recovery next week!