Afren Share Discussion Threads

[hardnose] 20/12/2007 09:46

That helipad on the Armada Perkasa's got Leeson's name all over it come the big sell in circa 2009!

Have a cool Yule people and here's hoping AFR stick 2 fingers up at a potentially sh1tty market in 2008.

[5bag] 19/12/2007 19:57

Cheers. Got that lovely festive feeling. Wondering who i'll find in me stocking Xmas morning?

[leeson31] 19/12/2007 19:50

imho 5bag, yep !!

couldnt have worded it better myself.

:-)

[5bag] 19/12/2007 19:15

Leeson, have i got those lines right mate? cos if I have, with OBV leveling from a fall and RSI turning up, i reckon we will break the top wedge line, well more likely than testing lower line anyway. The wedge forms a point in february approx at about 110-115p, but if we break it and hold, i guess well have to draw another one lol

[leeson31] 19/12/2007 18:58

hope so 5bag :-) i think it will..

[5bag] 19/12/2007 18:48

Cheers Leeson, chart looks like R1 R2 R3 could all be passed tomorrow if we get off to a good start..Defo R1 anyway, nearly did that today

[leeson31] 19/12/2007 18:25

R3 104.33
R2 102.91
R1 101.83

PP 100.41

S1 99.33
S2 97.91
S3 96.83

20th Dec 07 P Points

[5bag] 19/12/2007 17:44

couldnt they get a bigger boat LOL

that should do the trick nicely, cant see the sundeck or pool though

8-)

[5bag] 19/12/2007 17:24

We will get it back mikey :-)

[mikey_b] 19/12/2007 14:06

TER seems to have nicked our chart pattern for today.

[leeson31] 19/12/2007 12:20

im thinking so 5bag...

[5bag] 19/12/2007 12:13

Onwards 'n' upwards movement to be resumed?

[leeson31] 19/12/2007 11:38

Todays Pivots;

PP 99p

S1 97
S2 95
S3 93

R1 101
R2 103
R3 105

CP 100.1

[leeson31] 19/12/2007 11:28

rsi turning..

[leeson31] 19/12/2007 11:11

looking good today.... not like my hangover .

[alwaysbanking] 19/12/2007 08:19

Should be an interesting day today with some good buying early doors.

[5bag] 18/12/2007 19:10

older stuff from Scandinavian oil and gas

London-based Africa explorer Afren has bought all of Devon Energy's interests in Angola and Ghana, including a 95 percent stake in the prospective Kheta block and 15 percent in Block 16.

Undrilled deepwater sandstone prospects have been worked up by Devon at Kheta off Ghana, while in Angola, Block 16 offers the Maersk-operated Lower Congo Basin with Miocene and Oligocene "discoveries, prospects, leads and (mapped) play types", an Afren statement said.

A billion barrels of oil equivalent are expected in place in Block 16.

The Keta block in Ghana is well covered by 3D survey work and reserves are of up to 500 million boe are envisioned. The Mahogany and Hyedua discoveries of the past year bode well for Keta, while Angola Block 16 lies "adjacent and on trend" with 45 significant discoveries, Afren chief exec Osman Shahenshah was quoted as saying.

[mikey_b] 18/12/2007 18:35

No problem Jack. I might be off the hook for a while although I'd prefer to see the back of 106. Maybe tomorrow eh?

br,
mikey.

[jack brent] 18/12/2007 18:32

Too true Gilty

If Morgan Stanly can return the same profit that Wellington have we'll all be happy.

Mikey, apologies, no joy. Any success over here. Does that fact that they're no lnger £1.06 get you off the hook?

JB

[giltspur] 18/12/2007 18:19

They have made profit for clients so it's to be expected that they take some.

Clients happy, Wellies happy and they still have plenty invested.

Isn't that how it should be?

[soupdragon55] 18/12/2007 17:51

Must have been MS taking them. No worries.

ps. Don't they have to declare everytime they cross a percentage boundary? Perhaps they shifted them all the other day when the volume was high.

[azalea] 18/12/2007 17:29

Wellington Management reduces stake to 4.46%(9.83%)!

[gpmh1] 18/12/2007 15:45

Posted by FraserDean over on iii.

According to the Sonangol list just out Afren have prequalified as an operator in the current licensing round.
Obviously doesn't mean they will definitely get operatorship of anything but who you know does help and with the Cabinda and Block 16 stuff they're starting to build up a sizeable asset base in the country. Hopefully meaning they're derisking in the eyes of the market away from Nigeria.

[soupdragon55] 18/12/2007 13:33

He looks like I felt after the office party last friday.