< "> 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

Joined youn guys in AFR this morning... thanks cyners.

7:35 AM Sources say Chinese state-owned oil company CNOOC (CEO) is in talks with Nigeria to buy a large stake in some of Africa's richest oil blocks, at a possible value of $30B. A successful buy would put CNOOC in competition with western oil majors with a strong presence in the area

good call for the bounce wasn't it

Spot on Cynic

If CNOOC buy up expired and other licences, wont that mean a lot more competition for services, personnel etc in Nigeria, with negative cost implications when they start to invest ?

Also may increase pressure on those holding acreage as yet undeveloped, the govt could quickly strip co's unwilling / unable to drill as a bidder is waiting

a positive would be increased investment in the onshore facilities, removing some of the bottlenecks there and making more fields viable - though of course you'd have to pay the Chinese owners a few $

yep good one cyners.

BOING, bouncing off the 25 day DMA as cyners called it.....spot on. Well done that man.

was tempted to buy some more for myself, but in truth i really have enough

Presumably when you sell then, your holding will be enough to move the sp on it's own???

hahaha! ..... i don't think 20k will excite anyone much

Would like to think that today is the start of the next move upwards. gla

Would like to think that tomorrow is the first step in buying me that new jag.

Would like to think that today is tomorrow.

Exploration and consolidation are the major value short-term drivers in the African oil exploration and production sector, says Arbuthnot.
The broker starts with recommendations on four stocks: Tullow Oil (buy), Heritage Oil (strong buy), SOCO International (strong buy) and Afren (strong buy).
Preferred picks are Afren and SOCO as they offer investors the greatest upside potential.

Afren afr bounced off both the 25 day EMA and also the floor of an uptrend channel that as been in place since March/April 2009. Targets are shown on the chart, looks like its got a lot going for it especially with high Oil prices here to stay.

NB, flower should read floor.........petal.

Stupid boy, Pike!

Long day at the office cyners and have a big day or two getting the gardens ready before the winter sets in........I detest it but Im too skinny to pay for a gardner.

Good start for AFR.

i fear the forecast is pretty grim ..... and i'll have to be out in it playing golf too!

sounds awful...especially when you get home and find you have made another grand or two

Interesting recent comment...

28.09.09 :-3.25, (74.25) Afren PLC said the success of companies like Tullow Oil PLC (TLW.LN) near its own assets in west Africa raises the prospect of it making major finds there. Chief Executive Osman Shahenshah told Dow Jones Newswires Tullow's huge discoveries in west Africa aren't far from its own holdings in Ivory Coast and Ghana, where it plans to drill in a major exploration campaign over the next 18 months. Afren's block in Ivory Coast is on the border with Ghana and Tullow's 1.2 billion barrel Jubilee field is on the other side of that border, he said. "That's very exciting for us," Shahenshah said. Earlier this month Tullow and its partner Anadarko Petroleum Corp. (APC) said they made a major discovery called Venus off the coast of Sierra Leone, raising the prospect of further finds in an area stretching through the waters of Liberia, Ivory Coast and Ghana. "Increasingly, with every drilling success, of which there have been four or five in the past three months, that raises the prospectivity of our acreage and lowers the risk," Shahenshah said.

Late yesterday positive broker note out....

Sep 29
2009 Afren

Growth on track
During last weeks interim results, management reinforced that Afren is on track to almost quadruple production by the end of 2012. Afren trades at par with its peers based on EV/2P valuation and we think it does not reflect above sector-average growth upside. Timely development of the Ebok field and successful results from exploration drilling in Congo, Ghana and Cote dIvoire are near-term catalysts. Its improved balance sheet eases pressure on funding the development programme.
Research type: QuickView - Interim results

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=2256