Afren Share Discussion Threads

[5bag] 27/12/2007 15:45

and another 70k of 'buys'

[5bag] 27/12/2007 15:31

over 100k net buys and were still down. lol

and where is everyone?

dusting off me tumbleweeds

[keith2006] 27/12/2007 10:22

Morning Leeson, looks like a quiet few days now until we get into the new year

[mikey_b] 24/12/2007 21:12

Have a great xmas guys. Thanks for the entertainment over the year

[5bag] 24/12/2007 14:21

Well, ive got a case of beer here which is scheduled for demoliton.

see u all thursday :-)

[leeson31] 24/12/2007 13:57

pleasure - have agood chrimbo

[westmoreland lad] 24/12/2007 13:40

Well done to all Afrenites-- certainly done better than
my expectations.

Special thanks to Leeson who kept bullish throughout '07

Merry Christmas to all

[keith2006] 24/12/2007 10:26

I agree sludge it as been a very good year for AFR, think next year will be better
When i last checked rig was drilling in Gabon maybe we will get lucky there
A happy christmas to all
Keith

[sludgesurfer] 24/12/2007 09:00

Merry Xmas all, from a rather stormy North Sea. Been a cracker of a year for AFR. Long may it continue. Hoping for news of the rig arrival early in the new year. Given the topsides and FPSO schedule, just need the rig to complete the picture.

Luck to all

Sludge

[topsy turvy] 24/12/2007 00:46

Merry Christmas 5bag. I should take the suitcases back to the shop where you bought them, and make sure you check that the zips work next time!

[makkaroni] 23/12/2007 20:33

a Merger with Mwana or EER.. this would be my Dream

[tamtam3] 23/12/2007 20:11

To all a Merry Christmas and Happy New Year.

I'm sure 2008 will be Afrens year

Tamtam

[keith2006] 23/12/2007 18:07

It is interesting gpmh1 thanks.

[leeson31] 23/12/2007 18:03

v interesting gpmh1,

:p

[gpmh1] 23/12/2007 17:50

An interesting post by BB on ihub. What makes it interesting to me is that BB for the first time is linking Afren to ERHC/EEL...something I did in a private email to a poster on this thread at least 6 months ago! Of course this is all speculation and thoughts of what could be going down in the JDZ/GOG...but interesting all the same.

Best Wishes for Christmas & New Year.
Gpmh1

(Edited. Just to add...BB is a very respected poster on ihub!)

Posted by: balance_builder
In reply to: balance_builder who wrote msg# 114499 Date:12/23/2007 12:07:00 PM
Post #of 114520

Scaled down some???


Scenario 1:
ERHC and EEL merge into Afren in a share swap deal. A supermajor is on hand at the time of the ERHC/EEL shareswap deal and pay a premium for the new block of shares coming into AFREN thus taking controlling interest of AFREN. At a later date (not much later)Chrome Energy enters the fray through AFREN.


Scenario 2:
Chrome Energy does a reverse takeover with EEL. The new Chrome/EEL company AND ERHC merge with AFREN. Again, a supermajor is in the background and scoop up the newly added AFREN shares at a premium gaining controlling interest of AFREN. Said premium buy of new shares raises the co's overall share price to the $4 to $6 range. AFREN has layed the goundwork, has the management and most importantly, has excellent political connections.

Odd that AFREN takes on the Devon properties....when China was interested in same....or is it?

"Chinese companies have been considering purchasing other Devon assets elsewhere in Africa."


Hmmmmm.....AFREN became very yellow when they purchased Devons property last month? Could SNP be the supermajor ready to pounce on controlling interest of same? Red on the outside?

[leeson31] 23/12/2007 15:45

R3 105.5
R2 104.5
R1 103.75
PP 102.75
S1 102
S2 101
S3 100.25

[5bag] 23/12/2007 10:14

Yes merry xmas all.

Heres to everyone having a successful 2008.

Think we can all agree here that Afren is one of the stars of our portfolios and next year should be a joy to have their shares in our back pockets!

Cheers to 2mex for showing me this one!







:-)

[ilancas] 21/12/2007 16:48

Merry Christmas Affrers!

[leeson31] 21/12/2007 15:57

hi ilancas, yes, shs can be used for shorting/borowing etc, but mainly crest is to ease the fluidity of transactions between brokers, mm's and other financial institutions..

incidentally, weve gone from 5% in crest whilst MS werent buying to now 11% odd but now MS have 30 mill odd shs..

perhaps theyre keeping the stock in crest..

it was dicussed a wee hwile back and i think the bottom line was , oh well. lol.

im not worried personally.

cheers

[ilancas] 21/12/2007 15:53

Shares out on loan: seems a very high percentage to me. I always thought that loan shares = short positions, but maybe there are other reasons why shares could be loaned out. Any views?

If there is a large short position, it might make for an interesting short squeeze at some future point.

[makkaroni] 21/12/2007 15:26

Afren

Oil and gas exploration company Afren has been showing a lot of strong upwards momentum over the past few months. If the price can continue to hold above the £1 level, it looks good for further gains.