Afren Forum

Nw down 11% yet the oil price has edged up. I really don't understand this!

Brent Crude down 5.8% Just how low can this go? It's unbelievable.

I think not until we see a major scale back in new projects will we see the oil price back to $100 which I think will take some time.

I think AFR will re-bound to 71p by end of Feb and then hover around at that price. I think with the continued oil crisis and uncertainty it looks like it is going to carry on for a while. Esp. with New North Sea projects (new projects being worthless with oil at $60pb). I do not think we will see the £1 price for quite a while.

looks like its the bottom and sp rise until next year

Back to Afren, I strongly believe this firm is deep value. There are 285 million barrels proven and probable (2P) reserves priced at somewhat more than $3 per barrel. There are contingent resources of about 810 million barrels as well. This should be supportive for future growth in 2P reserves averaging down valuation on a per barrel basis. The valuation based on its combined proven and probable reserves and contingent resources dropped below US$1 per barrel. Moreover, the company is increasing its scope to bring new production on stream from two different platforms (named CFB and NFB) as well as several projects (Okoro, Okwok, OML26 and OML113). Afren management has guided expecting to deliver strong production and cash flow growth in 2015 and beyond. I believe a turn in rating metrics should be a most likely scenario.

AFR will have similar fate to AMI

repeating 2008-9 again? 180p to 14p

WHO says there is no ebola vaccine, but 2 vaccines is in testing and trail so the earliest date for proper ebola vaccine to come out will be end of next year, so don't hold your breath www.dailymail.co.uk/health/article-2819977/There-no-Ebola-vaccine-virus-previously-affected-poor-African-nations-chief-says.html

And in auction now. I've been dealing shares for over 25 years and I'm still rubbish at it!!