< "> 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

:-) Still good projections going forward though cynic.

Questor share tip: Afren is a risky buy but there's plenty of upside
Further drilling success in Nigeria has boosted Afren shares this week but there could well be more good news to come.

By Garry White, Questor Editor
Published: 6:30AM GMT 14 Jan 2010

Afren

102p -3


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The company has completed its programme at its offshore Ebok field, with the final well exceeding the group's "pre-drill expectations". The company has therefore increased the recoverable oil figure at Ebok-6 to 23m barrels from 8m barrels. This propelled Afren's shares to a 16-month high. The company still has an active drilling programme in 2010, but you must remember that all drilling programmes carry risk.

The average price target of the 15 analysts monitored by Bloomberg with ratings on the shares is 118p, not much more than the current share price. However, as drilling programmes are "de-risked" this price could move higher. Of the 15 analysts, 13 of them have a "buy" stance on the shares.

Upside remains from the group's 10-well drilling programme in Nigeria, Congo, Ivory Coast and Ghana, which is targeting 600m barrels a day in total.

There is also the chance of acquisitions. When Afren raised 105m in a placing in November, Osman Shahenshah, the company's chief executive, implied that some of the funds could be used for strategic purposes. This week he said that the group was studying a couple of acquisitions.

The shares are up 74pc since their initial recommendation on July 2 at 58p compared with a market up 30pc. The shares are a buy, but investors must consider the inherent risk involved in the oil exploration industry.

Back from bloody cold florida. Coldest 3 wks in 20 years there. Even had snow flurries. Well at least afren has warmed me a bit. Thought the last news would have got us through the 1.10. But i suppose this is afren and nothing is straight forward. Anyway coffee time check in later.

perhaps we can get some sence back on the board now then blanche, cynics been super critical of me since you been gone, reckon he's pining.......lol. sorry it wasn't so sunny, should have come to tenerife with me........now theres a thought.....maybe next year.

or dubai with me next week!

oi, get back in your cupboard and lie down!!

Must be a big cupboard then ......

He howls at the moon too...

+ hairy palms

Announced today J P Morgan increased its stake to over 5%.
cyril

RNS states indirect shareholding.

blanche , which coast were you on in Florida ?? i live on the Gulf Coast and it has been cold but i dont know where they have had snow flurries.

jimmy b, Travelled all over. But listening to local tv stations a few places had record lows and some people had sent in photos to the station to show a very light dusting of snow. Just guessing but i think it was ocala way. I arrived on xmas day to 75`f spent three weeks traving round temps whole time late 20`s to 30`s at night. Only up to 50`s if you were lucky during the day Brrr!!!!!. Except new years eve in siesta key sat outside the skob ( Siesta key oyster bay) til the pineapple dropped. Then sods law back in the 70`s yesterday in Sea world.

Bad luck blanche ,you probably picked the worst 3 weeks in Florida history.
Friends of mine who have lived there all their lives say its never been that cold.

tell me about it. Southern hemisphere next xmas for me! taking no chances.

I believe the Falkland Islands are particularly picturesque, Blanche! ;o)

http://www.whatinvestment.co.uk/making-money/share-dealing/share-dealing-in-depth/1118356/wi-stock-picks-analysts-trumpet-arfens-potential.thtml

"Arfen"!!! Are they havin' a larf?!

Business Financial Newswire
"Afren has entered into a joint venture agreement with Oriental Energy Resources and Energy Equity Resources for the exploration, appraisal and development of OML 115 offshore Nigeria.

This adjoins Afren and Oriental's Ebok and Okwok fields Ebok and Okwok development area.

Afren will acquire 81.25% of EER's 40% legal interest in OML 115 - 32.5% - under a farm-in agreement.

Afren has identified significant exploration potential at the deeper Qua Iboe level, a regionally prolific reservoir productive at the nearby Zafiro field

Gross mean resources potential estimate of 270 mmbbls. Afren said the agreement extends its partnership with Oriental on the Ebok and Okwok appraisal and developments/.

The total upfront cash cost is US$6m including signature bonus and licence extension fees, in addition to the requirement to drill one firm exploration well at an estimated cost of US$30m. Drilling will begin with one exploration well which is scheduled for H2 2010 "

AFR being surprisingly dull all things considered