< "> 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
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

decided to take a good profit as today's news did not add anything not included in the sp, political risk weighs heavily in Africa at the moment.

There is no political risk for Afren at the moment.....great share to keep....there was bound to be a pullback after all the rises....sooner or later...it'll go up again....

rf don't be an ostrich are you aware of what is happening in Tunisia and Egypt, Nigeria has been beset with political problems over the years especially in the Niger delta and you should be aware of the unrest in Ivory Coast.

Broker finnCap has kept its 'sell' rating on Afren after the Africa-focused oil group reported "shockingly weak production numbers" which demonstrate a faster-than-expected decline in its current producing assets.

Group production for 2010 averaged approximately 14,320 barrels daily (boepd), 15% below finnCap's forecasts. The Okoro field contributed 11,200boepd and the CI-11 produced 2,400boepd, both figures were 16% lower than estimates. The Lion Gas Plant was in line with 720boepd.

"Disappointing production numbers from both the Okoro field and block CI-11 drive further downgrades and come just months after we last slashed our estimates," says analyst WillAmstein. Afren's production guidance for 2011 is 40,000boepd and in line with finnCap's forecasts, "although we will have to revise our underlying estimates to take into account the weak Okoro and CI-11 numbers."

With the shares trading close to 50% above the finnCap's 100p target price, the broker reiterates its 'sell' recommendation.

Not sure if sp is going to dive or not.,.

StockMarketWire.com
Afren has announced the successful pricing of its offering of $450m aggregate principal amount of its 11.5% senior secured notes due 2016.

Afren intends to use the proceeds to repay certain indebtedness and for general corporate purposes.

Closing and funding are expected to take place on or about 3 February.

hali - though you are right in one respect, problems in nigeria are nothing to do with what is going on in egypt and tunisia

Today's Times.


Tiddler to watch

Afren, up p at 145p, raised $450 million by selling five-year bonds, largely to bigger American investors. Goldman Sachs, Deutsche Bank and BNP Paribas were joint bookrunners. The mid-cap explorer, which is looking for oil in Nigeria and elsewhere in Africa, is expected to use the cash raised to buy oilfields from big producers.

Possibly time to dip into AFR? Strong bounce on the chart and oil nudging $100 p/b.

Also 1st production from E-Bok this month,as per web site.

This morning:
Afren started with buy rating at Deutsche, target price 185p

i wonder if friend hali will venture back in .... i'ld guess he'll wait for 165 to be broken with impetus if he has any thought to do so

my ave, is 86p so quite happy to stay around.

Something pushing it up this morn. What could it be? Shell just have to wait and see. hehe.

post 1530 will have helped and of course production start is imminent ..... it's just a damn good oily with plenty of real stuff instead of just blue sky, and it has lagged somewhat in recent months

Bought some on opening.....fab share to trade.....great rises across the board....for your isas check out GGL....

Notice NT bailed last week, bet he is back in today. Glad I kept the faith. This is the longest hold I have ever held on a spread bet.

Must say...will have a job not smile with the fillup at the petrol station.....must put on miserable face (must make a note of that)...keep on forgetting....

.http://www.marinetraffic.com/ais/shipdetails.aspx?MMSI=412055000

Kang Sheng Kou (loaded with the MOPU) is now off Sierra Leone / Liberia

Virini prem has also left cape town. eta 14th

Very long:

http://www.gold-speculator.com/stockopedia/48427-how-afren-plc-rewrote-rules-developing-africa-s-oil-wealth.html