< "> 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

will reach 0.90 today i reckon ,,,

much more important than cobras 1-2p prognostication is that (a) the placing was at only a modest discount and (b) has been readily absorbed ..... this gives much comfort, even if not necessarily substance to AFR's fairly immediate and promising future

would you hold or top up now??

topped already this morning. Think long term here.

cynic ,how much you think they be soon???

moi? .... i already hold more than enough .... shall probably trade some out in due course, but that is why i bought the last tranche

Have recently taken profit on 25% of my holding, but am happy to retain the rest.
Still haven't seen any broker targets over 110p from memory.

theres a mixture... one topped up, one not sure and one taken profit....... Great, lol
i'm a hold for now..

typical analysts, except they usually take all 3 stances in the same article

directors cashing in not a good sign.

unless i am much mistaken, that was always their idea behind this placing ...... the nigerians are of course a most honourable and honest bunch! ...... that said, i remain confident that AFR will bring home the bacon, easily within my lifetime - it has actually found very significant reserves, as is well published

cynic reserve estimates often disappoint.

you cynical old bastard!
you're not talking about TLW now you know

oil/gold in the ground is worth just that,would like to see some actual significant production.

27000 barrels of oil at the moment if I'm not mistaken...all the talk is about future production with the newish discoveries. Isn't the 15000 barrels of oil by mid 2010 on top of what they already have ?..if not then I'm mixed up....will have to check...

don't entirely disagree halifax, as you well know, but at least it's significantly better than saying they have some interesting prospective sites!
btw, sp remains pretty firm all things considered

FT chat guys still sceptical about the real reason for the sale:
"Did some maths on the Founder Warrants and share sales. The numbers clearly demonstrate that the CEO (Osman Shahenshah) took more than 2.2m net OUT of the company through the exercise of these REPRICED warrants and share sales. The fig leaf of 'tax payment on the warrants' clearly doesn't hold water. Note that the CEO now only owns c.4m shares, having sold 9m yesterday. Warrant exercise price 39.75p, sale price 81p, tax rate UK cap gains @ 18%."

and what does sp tell you?
it shows that any sales are being readily absorbed and sp remains very steady under the circumstances
at the end of the day, it'll be drilling results or other related news that drives sp

Presumably there has to be plenty of shares available for big insti investments so maybe that is hy the CEO released some. He's got plenty left for the rise!

EXCELLENT NEWS THIS COMPANY GOES FROM STRENGTH TO STRENGTH!!!!!!!!!!

MORNING !!.. :))

RNS Number : 5864C
Afren PLC
17 November 2009

Afren plc (AFR LN)
Afren plc announces the completion of the Ebok-5 appraisal well offshore Nigeria
London, Tuesday 17th November 2009. Afren plc and its partner Oriental Energy Resources ("Oriental") announce completion of the Ebok-5 appraisal well.

Highlights

The Ebok- 5 appraisal well has been drilled to a total depth of 3,743' md

Ebok-5 has encountered a further 54 ft of gross oil pay in the D2 and LD1F reservoirs

The oil column is full to base in both reservoirs

Extensive log and pressure data has been acquired over these intervals, which are currently being analysed

A total of four oil-bearing reservoirs were encountered ranging in measured depth from 2,341 ft. to 3,090 ft.

The Ebok-5 well, which was drilled by the Transocean Adriatic IX jack up drilling unit, has been drilled to a total depth of 3,743'. The well encountered a total gross oil column of 266 ft in the D1 and LD-1E reservoir sands ranging in measured depth from 2,341 ft to 3,090 ft, in addition to a further 54 ft of gross oil pay in the D2 and LD1F reservoirs.

Analysis of an extensive logging and sampling programme on the D1, LD1E, D2 and LD1F sands is ongoing.

Osman Shahenshah, Chief Executive of Afren, commented:

"The Ebok-5 well results have exceeded pre-drill estimates, and provide an important additional calibration point for the amplitude model, which will assist in further appraisal and de-risking of the remaining upside potential in the Ebok - Okwok complex."

Alhaji Mohammed Indimi, Chairman of Oriental, commented:

"We are delighted with the successful results of the Ebok-5 appraisal well. Since Afren and Oriental established our partnership, we have grown the resources base on Ebok from a pre drill minimum economic field size of circa 25 million barrels to a current recoverable reserves base in excess of 78 million barrels. We look forward to further increasing our presence in the Ebok-Okwok area."