< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
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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
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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
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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

cynic TLW is of no interest as it is far too expensive, perhaps you could have a look at the market cap. in relation to earnings, do we need to "teach" you to suck eggs? Is there any chance of a dividend ever being paid?(rather like DGO).

for all that WHY HAVE YOU NOT SHORTED TLW?

not interested in divi and i dare say you are right re price to cap, but the bald facts of the matter are that
a) TLW has found oodles of easily extractable oil (don't sidetrack re pipeline)
b) the market loves them
c) they are a potential t/o target, though that should not be a cause to buy
d) i have done handsomely out of this share both now and in the past, and so long as i stay vigilant, should bank plenty


DGO is a slightly different kettle of fish.
though there is a potential though arguable problem that 52% is already owned by ENOC, Turkmenistan has HUGE reservoirs of oil and gas and other resources which have yet to be developed.

cynic why should TLW be a takeover target, their production is miniscule compared to the majors, their portfolio is spread over a number of countries which are not particularly politically stable,cost of developing some of their discoveries is prohibitive at present?

i don't particularly agree with your view on TLW's proven reserves or problems with extraction etc, and indubitably the oil majors are pretty desperate to add to their own stocks ...... taking over a company that has already done the hard work for them is a very cheap way so to do - viz IEC!

further, very few countries with oil and other natural resources are what you would want to call safe or stable or even friendly, but some are a lot less risky than others, among which i would include uganda, ghana and nigeria, though there are others

anyway, the real bit of importance lies in the share's performance, and at least for the time being, TLW is heading solidly north

cynic until the ramped up bubble bursts!

DEUCE!!

Is Africa any more risky then Russia ? Even BP had trouble there. If they take a dislike to you they say your company owe's the state a few billion in tax .

a lot less so imo ...... halifax is so busy making shoddy that he cannot admit a wrong call .... indeed TLW may crash, but hopefully not before i have taken a decent profit ..... is it being ramped at all? ..... not such an obvious call as it has a far from tweensy cap of about 7.9b from memory, makes a very high operating profit margin (6 times higher than BP) and even pays a divi (unimportant!)

is this the afren or tlw thread?

u r quite right .... i allowed myself to get badly diverted

panic over in Nigeria now we are on the way back up. Ps Gr8t rant cynic

From Merrill Lynch

** The spokesperson & leader of the Joint Revolutionary Council (JRC), Cynthia Whyte
**...comprising Movement for the Emancipation of the Niger Delta (MEND), and...
** Reformed Niger Delta Peoples Volunteer Force (RNDPVF) and the Martyrs Brigade,...
**confirms the ultimatum was terminated on Tuesday @ 11pm, just hours after it was made.
** Moreovew, that AFREN's campaign is strengthened by its strategic alliances with local co.s...
**whose leadership & management they fully commend in supporting the Niger Delta people.
** The rescinding of the threat is a clear and unambiguous one.
** Reiterate BUY, PO 80p.

AFR announce they have secured a rig to develop the Ebok field.
not exactly earth-shattering news, but at least it puts some sort of progress expectations in the diary, and thus further interest in sp

That little bit of news will hopefully and finally push us through that 60p barrier.

That's good news....now some major progress will be made...100p by next summer.

rf, By xmas i think you mean!

i think rf knows that christmas only comes in the summer in the southern hemisphere - lol
100p by christmas would be very nice but as likely as today being warm and sunny in the home counties!

It is best not be over optimistic..a rise in the sp is due but 100p is still some way off..

I dont know cynic next bits of good news and the focus will fall back on afren, and we will move up again. Plenty of good news to come before xmas. plus ive written to santa and told him thats what i what!

La noumbi gets spudded in the next 5wks, site currently undergoing preparation. Bit late but the website date was only 'indicative' according to Afren IR. Only 14% WI but we have the chance of a decent find in the tie-tie updip.

Ebok FDP approval should be a formality and announced in next couple of weeks. The Okoro setu FDP went through in about 3 wks, some kind of record for the oil ministry at that time.

Afren are looking at 3-4 deals (acquisitions) at any one time, as they are now. They would be "very disappointed if they didnt get one of them past the finishing post".

If we dont get a double dip recession and the arse falling out of the crude price again i anticipating 100p+ by xmas. Just my polarised view though.

GL all.