< "> 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

Just added to the geader for reference.

COO of Afren sells 360,000 shares
Shahid Ullah, the Chief Operating Officer of Afren, the FTSE 250 energy group, has reduced his stake in the company by 360,000 shares.

Ullah, who joined the company in 2008, traded in the stock at 130p a time on Christmas Eve, earning himself £468,000 before tax.

Earlier this month the group, which is focused on African and the Middle East, reported that its wholly-owned subsidiary, Afren East African Exploration (EAX), has begun a major 3D seismic programme in the Seychelles, the first 3D survey to be conducted in the country.

StockMarketWire.com
Nomura cuts Afren to neutral from buy, target 175p from 185p

http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619V/




Key Highlights

Exploration and Appraisal Activities

· Three significant exploration discoveries in 2012

- Okoro Field Extension encountered 549 ft of net oil pay (Pmean 157 mmbbl STOIIP). First production well onstream at 5,000 bopd

- Ebok North Fault Block encountered 370 ft net oil pay (Pmean 100 mmbbl STOIIP)

- Simrit-2 in the Kurdistan region of Iraq encountered 1,342 ft of net oil pay ; tested 13,584 bopd from Triassic reservoirs, nine further DST's ongoing

· Seismic data acquisition and ongoing prospect maturation has upgraded Afren East Africa Exploration prospectivity (5,838 mmboe net to Afren)

- 3,483 km 2D seismic, 2,262 km2 3D seismic and 1,193 km gravity and magnetic data acquired in 2012

· 14 well E&A drilling campaign targeting net Pmean resources in excess of 670 mmboe

· Okwok-10 appraisal well (Nigeria), Simrit-3 exploration well (Kurdistan region of Iraq) and Paipai exploration well (Kenya) currently drilling

And still no movement in sp.....

Up 6% on heavy trading today.

must be delayed reaction.,.

Get the whip out!!!

Still under valued.

It seems Sinopec may be looking at Afren - from tonight's Daily Telegraph--

'One tale doing the rounds is that Chinese oil company Sinopec is keen on acquiring Afren, the FTSE 250-listed oil explorer with operations in Africa and the Kurdistan region of Iraq.
Afren shares leapt 10pc on Wednesday on speculation the company will either unveil positive drilling results from its Papai well in Kenya or announce a takeover offer from a potential bidder.

Traders said Sinopec – which already has a major presence in West African oil and gas exploration following its £4.5bn acquisition of Aim-listed Addax Petroleum in 2009 – is rumoured to be interested in paying between 215p and 250p a share for Afren, down 0.6 to 151.4p.'

http://www.telegraph.co.uk/finance/markets/marketreport/9825398/FTSE-100-surges-1.1pc-to-fresh-four-and-a-half-year-high.html

i've been a fan AFR for quite a while and has long looked to have more potential than indicated by its sp ...... t/o rumours for the company (and others) often do the rounds, but little store should be set by them

Yes i agree,but unfo that's worth sharing. Now if the D/Mail were to repeat the rumour,then???

Interesting that the comment came from Traders! Of course they know far more than journalists and don't have a vested inetersted!!! This rumour regularly does the rounds and is currently without foundation, imo.

sudden sp drop, was that your fault Harry?

very curious ..... trading is also very heavy indeed as daily average is only about 1.7m and today already nearly 19.5m

=================

and thanks for that heads-up hali, as i decided to buy some more (141.9) as was not particularly heavy laden with them

Probably, but may have been the FT guys saying 'Buy on rumour, sell on fact'.

curiouser and curiouser, said Alice ...... now nearly 30m traded and sp falling quite sharply again

now you'll tell us you made a tasty profit at 150p.........

no i shan't :-) ...... but my weighted average has now gone up to 125.3

It was a false rumour...