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New News! Oriental Energy appears to have made a claim on the Ebok Field. It looks like the entire Nigerian operation could be handed over to Oriental energy and by the end of this month! That is almost probably more than 80% of Afren's current production. What is in question now, is what will happen to EAX and the Kurdistan assets. remember that Lion Trust still has a claim on EAx which is based in Madagascar which could mean that it may be possible that EAX is handed over to them? In compensation for the $10m claim that are trying to make on EAX. I am not sure what Kurdistan could be worth? Any other asset which Afren have is just Exploration rights and probably not hold much value.
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