Afren Share Discussion Threads

[mikey_b] 04/2/2008 08:50

morning chaps.

[popper4] 03/2/2008 07:48

Thanks Zarophe that's it.

[zarophe] 03/2/2008 07:35

I think this is the one popper:

[popper4] 02/2/2008 20:20

Me again it also had a bit about ROC thanks

[popper4] 02/2/2008 20:19

Help please, sometime in the last month I read a broker note on Afren I thought it was on the broker notes on minesite, it included a bit also about Leyshon resources and how this broker tipped these for 2008 can anyone give me a link to help me find it again, thanks in advance.

[leeson31] 02/2/2008 11:57

perhaps 18 months 5bag....

but will be a nice add on to to their oil interests....

[5bag] 02/2/2008 11:41

question is, how long will it take to commercialise the LNG assets?

[leeson31] 02/2/2008 11:38

yes, lng in Nigeria hotting up indeed 5bag...

[5bag] 02/2/2008 11:27

And our afren are well placed

"The Gulf of Guinea has over 200 trillion cubic feet of gas reserves, with more than 80% of those reserves situated in Nigeria. Afren is currently in negotiations on a number of gas rich upstream assets in Nigeria. African LNG will be Afren's exclusive downstream liquefaction partner, in developing a monetization strategy."

[5bag] 02/2/2008 11:23

Yes, nigeria taking big steps with its LNG strategy.

[makkaroni] 02/2/2008 10:46

thx gpmh1

the big picture will be larger and larger for AFR

[gpmh1] 02/2/2008 10:20

Nigeria Joins the LNG Shipping Business
Monday, January 28, 2008 Printer Friendly Email this article



A joint venture has been formed in Nigeria that will see a new LNG transportation company formed. NNPC, Malaysia International Shipping Company (MISC), Hyundai Heavy Industries (HHI), and Deep Water Shipping Company Ltd. have all signed a shareholders agreement for the formation of a firm to be named Nikorma Shipping Services Ltd., to handle the LNG transportation network for Nigeria.

Group Managing Director of NNPC, Abubakar Lawal Yar'Adua, said that the formation of Nikorma is a plus for NNPC and that it is "imperative to commence the transportation business to ensure value addition." According to other NNPC officials the venture contains enormous benefits for Nigeria and will aid the country in developing expertise in the shipping industry.

[leeson31] 01/2/2008 16:58

have a good weeknd 5bag!. and yes, best of bothworlds. :-) core, or trading.

cheers

[5bag] 01/2/2008 16:40

I like your strategy Lee$on, best of both worlds eh?

imho lift-off is not far away

[leeson31] 01/2/2008 16:10

it does appear as though there has been quite a bit of stock sold into the slight rise we've seen today. Sp holding up ok though.

[keith2006] 01/2/2008 15:37

Thanks Leeson maybe not today then, next week all being well

[leeson31] 01/2/2008 15:26

keith, once 104.45p is achieved (end of day price) then this should motor quickly to 120p, as 104.45p is a tarding buy point you see. we have a couple of pence to go though yet...

[leeson31] 01/2/2008 15:25

i reckon production will be before april tho.

[keith2006] 01/2/2008 15:23

Thanks Jack, buy target of 140p looks good

[leeson31] 01/2/2008 15:23

cheers jack.