< "> 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

That price drop was a shock , here was i looking foreward to 160 plus

"Is this the next Tullow" - the title of the header - ha ha ha

It seems to be as Tullow now at what seems to be almost a five year low.
I have just had a punt on Afren - bought 40,000 at 110p - I recon the Company is the same basis Company, only the CEO and COO are corrupt - Not so unusual for Nigeria.
It should all come right again after throwing them out ? What do you guess ?

nigeria = corruption = CEO!

sorry to see you have dumped a further 10% since you bought

How high the bounce back ?

or, "What other nastiness to crawl out of the woodwork?"

If my fore-sight was as good as my hind-sight,
I would be a dammed- sight better off."

I have not done myself in yet over the 10% drop.

I remain hopeful of a recovery very soon.
Those who are forced or panic into making a deal will be soon be removed
from the scene, and things will settle on the basis of what the Company
is perceived to be worth.

You should all hold on for now I think - I hope

Company valuation has dropped about £500 million or about 33%, since yesterday
can that be justified ?

We need to throw out a couple of directors, who I thought were too greedy anyway,
and they will be replaced by more trustworthy directors.

Their director share options must have been hammered also !!

it's loss of market confidence that does the damage
on the other hand, it's not impossible that this will make the company more tempting as a t/o target, as at least they are producing a respectable amount of oil, even if less than predicted

I agree - with you Mr Cynic
It is an interesting play now - we can only wait to see what transpires,
We should have hope that something good could come out of this sad situation.
The next news from AFR will be interesting - I can't wait

Could not resist picking some up....was lucky enough not to have any position at all in AFR...so jumped back in...(for good or for worse...gulp !)....

Nothing to do do with oil production or exploration...it seems the directors have picking up some perks they were not entitled to.....minimal compared to the actual turnover of the company....fingers crossed for a good rebound...not good for confidence in the city for this company or the graph that will now look like a "seven sisters" suicidal jump...

Most of the time : I would be going long with spreads or cfds.....ouch !...for those in those...

bouncing

:-)

Real buying spree going on....what is unknown is the size of the scandal....the smaller the better...

probably not much of anything - certainly not £500M worth or likely anywhere near

the bots are set to buy atm

after the event - I confess I did grit my teeth and bought back at 99.80, though I hope I have sense to bank any respectable profit should one arise

good move cynic - can see this bouncing a wee bit today - 110 / 120 + perhaps

chat is it is something of nothing as regards afr itself but more a breech of personal contracts / other interests....... apparently

as the rns says: 'the board has no reason to believe that this will negatively affect the company's stated financial and operational position'

last i heard afr still pumping away

roll on the lunchtime bargain hunters :-))

yeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

onwards and upwards / plenty more in the tank today
gla