< "> 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

Sounds like you could do with a bit more exercise Mr. C.!! Far too heavy! ;o)

now there's a brilliant observation ..... the surprise would have been if there had been any truth in the rumour ..... nevertheless, the truly massive volume is certainly both interesting and strange

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

as it's so cold, i have installed a static bicycle stand in my office .... this has a variable tension/flywheel so i can start some gentle training for this year's trip to southern loire - sort of just NE of poitiers - in the warm, and also do it as often or for as short/long a time as i feel inclined

Just added another 17000

FT sector watcher yesterday:
"A dramatic rise in the share price yesterday (AFR), at one point up 18p/share or 13%, on huge volume – around 10 times the 15-day average. It remains unclear as to why the price spiked, with no announcement from the company either yesterday or today. Rumours abound of impending news from the PaiPai prospect onshore Kenya. AFR has a 20% stake in the 290m bbl prospect although it is difficult to see this being worth more than around 20p/share. Other partners in the prospect are Tullow with a 50% share (+3% yesterday) and Canadian-listed Africa Oil with the remaining 30% (+7% since Monday). Other unconfirmed press rumours concern possible bids for AFR by an oil major. All sounds a bit spivvy, and I think it would be wise to tie in some profits on AFR at an 18-month high."

Also broker disagreement with FT:
"The FT has speculated that ExxonMobil (XOM US) may acquire Afren. We would disagree with this view, as we would expect management to reject such a proposal at this share price, particularly given the major East African exploration programme in 2013. We feel that, given Afren’s track record in asset acquisitions, it is more likely to be the acquirer of a company or package of assets, rather than being acquired itself."

Derwent you telling porkies ........

No - now have over 100000 but less than 200000

Blimey charlie!! ;))

Derwent - as you are clearly a pretty serious player, do you have any view as to why the massive volume?

Not a clue - market makers playing with share price - I have invested for the long term as the company has a diverse portfolio with plenty of upside

share price movement is one thing, and i would not disagree with your view in that respect ..... it was the massive volume that i find exceedingly curious

At least he's in the right place, cynic's 100000 fogl not so good.,.

prick lol! ..... i know i hold some of those for my sins, but <30th!!

:-O

Afren shares dropped as market chatter about the stock subsided. Speculators had been saying that Chinese oil company Sinopec might possible make a move for the group.
http://www.digitallook.com/news/20648724/London_close_Markets_shrug_off_poor_GDP_to_finish_higher.html?&username=&ac=

http://www.digitallook.com/news/20648724/London_close_Markets_shrug_off_poor_GDP_to_finish_higher.html?&username=&ac=

As far as all oilers in KRG are concerned,majors will be running the rule over them.So
rife for such bumours like,such as we've just seen?
Not sure about the volume and what that tells us?

Surely that's what's called a sucker's rally. A spurious rumour originating from a supposedly 'reputable source' which is designed to suck in the day traders and speculators? A fast buck for those who are watching their screens and then back to normality. The fact that many financial websites are hosting the story just adds to the hype. Sorry to be a cynic, but I wonder who really benefitted from that 'leak'?

not quite fair ..... i don't think it was ever said to be more than a rumour, and that sort of thing has been around for many many months

I personally thought that the 30 odd mill turnover we had a few days ago was down to the market realising that Afren were slowly derisking. But todays turnover is beyond me. Something must be going on. As per usual us everyday bods not privy.

Afren saw its stock surge 10pc on Wednesday as a bunch of traders who bet on potential takeovers bought the shares and spread rumours that a variety of bidders, including US giant Exxon Mobil and China's Sinopec, were preparing offers for the FTSE 250 company.

The latest company to be named by these traders as a bidder for Afren was mining giant Glencore, up 3.9 to 392.6p.

However, that tale is incorrect, according to people familiar with the matter. "I have never even heard of Afren," claimed one senior Glencore insider. Afren shed 8.3 to 143.1p.
http://www.telegraph.co.uk/finance/markets/marketreport/9828001/Afren-falls-as-takeover-talk-scotched.html