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Afren Share Chat (AFR)

Share Name Share Symbol Market Type Share ISIN Share Description
Afren Plc LSE:AFR London Ordinary Share GB00B0672758 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.785p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 607.1 -1,255.0 -94.5 - 19.77

Afren Share Discussion Threads

Showing 173201 to 173220 of 173225 messages
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Chat Pages: 6929  6928  6927  6926  6925  6924  6923  6922  6921  6920  6919  6918  >>
with the current POO the bondholders have been shafted too,all down to their greed...............couldn't have happend to a better bunch of??????????aja5
because the stock hasn't been removed from CREST yet and no, Afren will never return.jaknife
Can anyone please inform why AFREN Shares still showing on my portfolio although the value is zero? Thank you. Is there any possibility that AFREN will be back on the Stock Market?jahir57017
Some things float: hxxp://www.bizdb.co.uk/company/loa-energy-limited-09284113/fraserdean
Ldlv - once again you show up your lack of real world business experience. Only corporate Afren is in administration, the opcos continued as before. You know this. Thus a liability accrued only by an opco does not pass up unless there is a parent company guarantee. The opco itself is an asset of Afren and is sold whole, both assets and liabilities. For non-income generating companies their financial state deteriorates over time. Eventually the OPL310 subsidiary would be declared bankrupt. Your lifetime battle will be a lonely one, without anyone to even battle against.hpcg
Hpcg we will go for the corrupt and their collaborators! #SaveAfren this is a life time project!ldlv
With POO heading lower anyone small and unhedged is screwed. Good judgement from the bondholders not to throw good money after bad here. With storage filling up it is not impossible Nigerian oil will have no customers.hpcg
Correct they're skint too.sleveen
Sirius petroleum SRSP to be the next afren of Nigeria I reckonjimduggan
Well we did tell you a long time ago these would be worthless, plenty of others to follow as the energy/commodity rout of all time.ny boy
Court grants firms injunction over Afren Plc. Lagos High Court has granted an interlocutory injunction restraining the companys Administrators (Messrs Alix Partners) and the Blackstone Group from dealing with Afren assets.Now delayed until 11th Jan 2016!!! Lets hope they NEVER manage to sell the assets! SAVE AFREN!The trial judge, O.A. Adamson will take his time as he has a lot to review...!ldlv
delisted, but not cancelled in crest....yet....mrwhits1
Yes it's been delisted. It's bust!jaknife
I don't see AFR on the stocklist? Has it been delisted? Crime of the century. ..david brent
From Lekoil recently: "Corporate Update Update on OPL 310 discussions Lekoil continues to be in advanced discussions with the administrator of Afren regarding the potential acquisition of its subsidiary which holds a 22.86 per cent. participating interest and 40 per cent. economic interest in OPL 310 (the “Proposed Acquisition”). Should the Proposed Acquisition be successfully concluded, the Company intends to meet the considerations from its existing financial resources and from the proceeds of the Placing" Senator and relationship Lekoil: hxxp://www.lekoil.com/index.php/significant-shareholders-table.html Senator and Blackstone relationship , read the following link please, from 2014: http://www.bloomberg.com/news/articles/2014-02-18/blackstone-buys-minority-stake-in-senator-hedge-fund-firm Are we having a potential conflict of interest again? Blackstone selling assets to Blackstone potentially?ldlv
Maersk spending hundreds of millions to buy into TLW license in Kenya. Afrens East Africa portfolio worthless apparently. Thanks a lot Afren BODsurfer2
A Lagos High Court sitting in Lagos has restrained an English public company operating in the Nigerian Oil and Gas sector, Afren Plc, from dealing with any of its assets in Nigeria or taking any further steps to register or seek the consent of any government authority in respect of any disposition, transfer or dissipation of the said assets pending the hearing and determination of the substantive suit filed by Earl-Act, a Nigerian investor. Justice Obafemi Adamson in granting the interlocutory order of mareva injunction, also restrained the company’s administrators (Messrs Alix Partners) and the Blackstone Group from the same steps. The court also ordered the claimant to file a written undertaking within seven days of granting the restraining order, to compensate the defendant in damages if it is found that the restraining order ought not to have been granted or that same was obtained by fraud or misrepresented. Justice Adamson however adjourned the matter to November 26, 2015, for continuation of proceedings. In July this year, Afren Plc had announced the suspension of its shares in the London Stock Exchange due to what its management described as “material uncertainty” over its financial position. The London-based oil firm, with its entire production revenue emanating from Nigeria, further refused to disclose its financial information to the public, on grounds of “significant uncertainty.” This culminated in, a period described by its board and management as torrid plagued by unauthorised payments by directors, the crude oil price crash and a lack of liquidity.ldlv
hxxp://www.thisdaylive.com/articles/financial-crisis-court-restrains-afren-from-dissipation-of-its-assets/224547/ hxxp://energymixreport.com/high-court-restrains-afren-from-dissipating-its-nigerian-assets/ hxxp://nationalmirroronline.net/new/court-reaffirms-orders-against-dissipation-of-afren-assets/ldlv
Octant Energy primed as it agrees pivotal acquisition in Kenya and Tanzania!! The Octant team has already delivered success with these assets, which were sold as part of US$101mln deal with Afren five years ago Toronto listed junior Octant Energy Corp (CVE:OEL) has revealed its done a deal with the administrators of Afren to buy oil and gas assets in Kenya and Tanzania. It is acquiring two blocks in Kenya - L17/L18 and Block 1- and one asset, the Tanga Block, in Southern Tanzania. The Canadian company says the acquisition is important for the development of the assets, as it sees them being taken on by a team with extensive regional knowledge Octant is run by the former Black Marlin boss Richard Schmitt, who is already familiar with the assets as they were part of the business he sold to Afren back in 2010. Afren paid US$101mln for Black Marlin in 2010. Whilst the financial details of the proposed transaction have not been disclosed it is likely that the acquisition value will be see a significant discount, given that they’re being picked up in an administrator’s fire sale. The assets have seen considerable investment since Afren acquired them in 2010, with 3D seismic shot across the acreage. Whilst some data interpretation may be required, to all intents and purposes the acreage is “drill ready”. An injection will be required to take the assets forward - Octant’s most recent accounts show the company had just shy of US$1mln at the end of August – though given the team’s strong track record in East Africa the company is expected to find supportive backers. As well as the Black Marlin success, Schmitt was formerly president of Africa Oil where he played a key role in building what has become a significant portfolio of assets in the region. Schmitt, in a statement, said: “I am encouraged to be working with assets I know well from my past experiences. “This portfolio that Octant has secured is pivotal in the future development of Kenya and Tanzania as they further movement towards energy security and domestic growth in the countries. “For me, being a part of East African growth and development again is a great opportunity and privilege.” Octant’s proposed transaction is conditional upon the securing of customary approvals, and once those approvals are in place it expects to complete the acquisition within 7 days. The company added that it is currently evaluating its future capital requirements and it will provide an update in due course.ldlv
Looks like LEK quick off the mark to pick up some prime Afren assets!royaloak
Chat Pages: 6929  6928  6927  6926  6925  6924  6923  6922  6921  6920  6919  6918  >>

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