< "> 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

exactly must be pretty confident otherwise a pointless exercise.

good .... much better than giving options at a discount as another company on this BB did the other day

Yes seems they're confident and to achieve and hold for 3 months the SP would probably hit much higher levels,certainly on an peak?
E-5 well took just 35 days to hit oil shows and a further 15 days total depth and completion, E-6 spudded on the 20thNov so come 4th Jan a
45 day tinescale. I think its safe to assume news is imminent?
cyril

AFR seems to have got a bit of wind in its sails, with some encouraging signs on the chart below

Expect some news,probably next week,already 47days since well 6 was spudded and well 5 took just 50days to complete?
cyril

Breakout ? wonder if it will climb over a pound in the coming days ?

NEXT LEVEL OVER 1.10 OFFLY SOON,,

Why the rise ? this wont stop going up ,no news out.

Don't complain... lovely.

glad i topped up the other day ..... am now slightly o'weight here, but have great hopes or even expectations for this stock

go on a diet......

knew some dickhead would rise to that little trailed bait!

lol.

So no one else knows either ,,oh well i'm happy.

This is worth 150p if the drilling and production comes right this spring,summer....

As per post #620, price was considered to be = to NAV at 125p. I wonder if profit taking will happen then?

There is drilling, exploration upside but like everthing else is dependent on oil pushing ever higher...still I think 150p is a possibility this year anyway....with profit taking along the way.

Probably the main reason for the steady rise is the PoO which at present is $83.25bo,couple that with E-6 news well overdue and a possible acquisition
(Shell are selling off their onshore assets). So all in all a very positive scenario and long may it continue.
cyril

Broker note from Citigrp today:
"Afren Cheapest exposure to West Africa Upgrade to Buy Afrens strategy of
securing access to Nigerian resources through local 'indigenous' partnerships
offers a unique investment opportunity. Future value creation is premised on
reserve additions at Ebok-Okwok, exploration drilling outside of Nigeria and entry
into new assets. We expect newsflow on all of the above in the coming months. On
our new macro assumptions, the risk-reward trade-off flips to the upside. Buy
(1H) with a new 1.20/sh target"

Cheers.