< "> 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

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

They're spending money and committing to more expense with the agreement. More potential but nothing concrete and so investors hold back to do some additional research to find out if it was a good deal or not.

A fall of 4% is a worry.

anyone going to top up if we get around 90p??

Some thougjt provoking,constructive posts on such excellent news this am?
cyril

Webcast about to start at 2.30pm also presentation slides on afrens website

Topped up with another 10,000 @ 93p on the way back.chirpa chirpa cheap cheap.
happy days. loads of news to come here all year. Over 2.00 by xmas. easy money.

hey kieth. Just gets better here!

You wally! The MM's must have a field day with people like you around.

Bit harsh, dd!!! Long term should be a reasonable return on investment?

Blanchr i thik you have a bargain,as to whether in this market correction its at bottom,who know's,but imo HC's right.
cyril

Blanchr i thik you have a bargain,as to whether in this market correction its at bottom,who know's,but imo HC's right.
cyril

Timing the bottom is impossible, but you can buy value for a longterm hold : this is a good one...I'm expecting at least 150p before the end of the year...we need a little bit of good news to turn ftse and sorts around.

I wasn't criticising the buying of the share but rather more the attitude that supports it. Around 93p does indeed look as though it may be a place to buy but AFR will simply follow the market and if we are going to double-bottom then christ knows where this is going. What did it reach before, around 18p or so?

However, anyone who thinks that buying a stock is 'easy money' will surely get burnt to a cinder in this market. I seem to remember Marni having a similar view and unless he was banned from the site, no doubt he is now trying to find shelter in a field somewhere!

Warren Buffet buys when he feels the SP is at bargain levels.
Morgan Stanley has increased their holdings crossing the 3%(3.45%) threshold.
cyril

This company is totally different company to when they went to 20p. The last price rise and fall was based around the oil price mostly and yes the markets.

Not many oil and gas companies with prospects over the next two years and beyond as good as afren. 100,000 bopd by end of 2012! 3.50 - 5.00 imho.

P.S My portfolio was up 93% last year. Burn`t bigtime.