Afren Forum

afren own a portion of FHN a subsidiary which it is in partnership with in some of its other Nigerian oil projects. Afren has quite a few projects in Nigeria,.

well it says in the admin report it is not affected by the admin of afren.

Zahids - is the subsidiary safe from the administrators?

It shows that Afren still has assets a lot of further exploration going on under its subsidiary. They can'y have blown £300 million in just a few months. I think if a NO vote was becoing inevitable the board must have taken another route by placing the company in admin and a potential sale to go through.

First Hydrocarbon Nigeria Company Limited (FHN). Afren owns 54.8% of this subsidiary compnay. This is what the administrators are talking about.

Afren owns a beneficial interest in 54.8% of the issued share capital of FHN.

way to recover some of the losses here could be OXS, high risk, return 0 (loss) up to 30x (max win)

I think what has probably happenend here is the Fund Managers or top holders in the company have pulled the plug. When the sp fell feom 3p to 1.5p there was a 250 million write-off. I am wondering if this huge sell off had something to do with tipping the balance on the working capital management?

I demand ASOG to reveal the information they had now as there is nothing to hide.

Can someone please guide me how to vote using TD online