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

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!

hard to call all round for tomorrow .... that is why i have traded very actively for the last few days, and over all, have taken quite a lot of money off the table so that i have the wherewithal to jump in if something suddenly looks tasty

had another 3 top ups today, is it just me or is this the best buy on the market.

more and more of my portfolio is getting sucked in here as the value screams out, lets hope it doesn't implode for all our sakes.

gl everyone.

i'll let you know by noon on monday!

Morning Richard, I'm all topped up as well and looking forward to results and beyond.

Lost loads elsewhere so am using this as one of my recovery plays.