< "> 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

chart looks promising

sp slipped away towards the close?

Worth trading for a 10p bounce?

More like wait for further weakness for a proper bounce and hopefully growth 2012.

Defo been traded ever since the drop!!

You might be right CC. May be 85/80p is the support.

Fundies still the same, Poxy markets. 8-)

Somebody confident half mil buy just gone thro at 91p

Was that you blanche topping up your holding? ;o)

I wish.

Wee punt long SB @ 85.7

Not exactly setting the world on fire, stop to entry.

Presumably partly due to crude oil price dropping?

Buy and bloody hold ,dammed if you do and dammed if you don't .

Waiting for 65.0 before getting back in.

That's a fairly arbitrary figure? Assuming we are heading for double dip recession, the low could be just about anywhere down to c20p.

True Harry but I'm looking to buy for longer term. As always with shares that I actually own will be hedging with spreadbets long and short.

AFR seems to have lost it's sparkle. Not sure I would be comfortable buying at this level yet.

Further to the announcement of 27th July, Afren has completed the acquisition of interests in two contiguous Production Sharing Contracts ("PSCs") located in the Kurdistan region of Iraq, a 60 per cent. participating interest in the Barda Rash PSC and a non-operated 20 per cent. participating interest in the Ain Sifni PSC, for a total acquisition cost of US$588.25 million.

Afren has also executed a US$200 million secured term loan facility (the "Loan Facility") in connection with the Acquisition. The facility has a maturity of 18 months, with quarterly repayments commencing six months following the date of draw down. The Mandated Lead Arrangers of the facility are BNP Paribas and VTB Capital.

http://moneyam.uk-wire.com/cgi-bin/articles/201111020700081674R.html

Osman Shahenshah, Chief Executive of Afren, commented:

.... The acquisition covers the full E&P spectrum of development, appraisal and low risk exploration upside and is consistent with Afren's strategy of acquiring low cost barrels in areas of strategic advantage. The acquisition increases Afren's current 2P and 2C recoverable reserves base by over 700% at a cost of under US$1 per barrel. With our team already in place, we expect to generate an incremental 75,000 barrels of oil per day net to Afren within five years from the Barda Rash field alone."