27/04/2015 00:03:09 Free Membership Login

Afren News (LSE:AFR)

DateTimeSource
Headline
04/09/20153:02AMALNCAfren To Use Grace Period On Interest Due On 2019 Bonds
LONDON (Alliance News) - Afren PLC on Thursday said it has decided to take advantage of a grace period on the payment of interest due on its 2019 bonds. The oil and gas company said it would utilise a 30-day grace period under the 2019 bonds on the USD12.8 million interest payment that had been due on Wednesday, pending... More...>>
04/09/20152:07AMALNC*Afren Says Using Grace Period On USD12.8M Of Interest Due Pending Completion Of Interim Funding Process
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04/09/20152:06AMALNC*Afren To Utilise 30-Day Grace Period On 2019 Bonds With Respect To Interest Due Apr 8
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04/08/20156:12AMALNCAfren Confirms Partner Has Tried To Terminate Nigerian Contract
LONDON (Alliance News) - Afren PLC Wednesday confirmed that one of its partners has tried to terminate the production sharing and technical service contract covering the Okoro field offshore Nigeria, but said operations continue as normal. In March, Afren said it had received a notice of breach of the contract from partner... More...>>
04/07/20156:55AMALNCAfren Confirms Press Reports Alan Linn To Be New Chief Executive
LONDON (Alliance News) - Afren PLC Tuesday confirmed press reports that Alan Linn will become the company's new chief executive. Afren said that Linn is currently acting as a consultant to the board of directors, but Afren confirmed it has agreed, in principle, for Linn to join the board and become the company's permanent... More...>>
04/01/20159:30AMALNCAfren Short Term Funding Deal Hit By Delay, To Be Concluded "Imminently"
LONDON (Alliance News) - Afren PLC Wednesday said the USD200 million funding that was agreed in principle earlier this month has been hit by a minor delay, but said it plans to finalise the deal "imminently". On March 13, the oil company said it had entered into an agreement with some holders of its 2016, 2019 and 2020... More...>>
03/23/201511:30AMDJNHalfords Appoints CEO; Premaitha Wins Contract
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK HALFORDS GROUP PLC (HFD.LN) said it has appointed Jill McDonald as chief executive of the bike and car-parts retailer, replacing Matt Davies who is leaving to head supermarket Tesco PLC's... More...>>
03/23/20159:00AMDJNCityFibre Expects More Business; FirstGroup Extends Rail Contract
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK CITYFIBRE INFRASTRUCTURE HOLDINGS PLC (CFHL.LN), the fiber network provider, said it expects to win more business with EE's rival mobile telecommunications groups if EE's proposed takeover... More...>>
03/23/20154:08AMALNCAfren Reports Concerns About Individual To Bondholders, UK's SFO
LONDON (Alliance News) - Afren PLC Monday said it has reported concerns raised about an "individual" it hired in 2012 to its bondholder committee and to the UK's Serious Fraud Office. The struggling company, which Monday dropped out of the FTSE 250 after its shares collapsed in the wake of issues with management payments... More...>>
03/16/201512:10PMTMFAfren Plc Is Still Horribly Overvalued
http://www.fool.co.uk/investing/2015/03/16/afren-plc-is-still-horribly-overvalued/ More...>>
03/16/20157:41AMALNCIN THE KNOW: JP Morgan Slashes Afren Price Target Amid Financing Deal
LONDON (Alliance News) - JP Morgan has slashed its price target on Afren to 4.0 pence from 33.0p, after the struggling oil company said Friday that it has reached an agreement on a new financing deal. Afren, which is due to be relegated from the FTSE 250 next Monday, is the biggest midcap faller, down 19% to 3.79 pence... More...>>
03/13/20153:49AMALNCAfren Agrees Financing Deals, Warns Of Impairments, Budget Cuts (ALLISS)
LONDON (Alliance News) - Afren PLC Friday said it has reached an agreement in principle to address its short- and longer-term funding needs and recapitalise its capital structure, but also warned it will be making significant impairments in 2014 followed by significant budget cuts in 2015. The oil company said it has entered... More...>>
03/06/20151:21AMALNCPRESS: Afren Looks To China For Salvation - FT
LONDON (Alliance News) - Troubled oil and gas company Afren PLC is looking to China to bring in "substantial" new capital, in the form of new equity, the Financial Times reported on Thursday. The Africa-focused company has been going through tough times, faced with the dip in commodity prices as well as its own management... More...>>
03/04/201512:47PMALNCHikma Pharma Replaces Tullow Oil In FTSE 100; AA, Virgin Money Join FTSE 250
LONDON (Alliance News) - FTSE has confirmed that the following changes will take effect to its UK indices from the market open on Monday, March 23, following completion of its quarterly review. ------- FTSE 100 Adds: Hikma Pharma ------- FTSE 100 Deletes: Tullow Oil ------- FTSE 250 Adds: AA Virgin Money Imagination Technologies... More...>>
03/04/20152:54AMALNCAfren To Default On 2016 Bonds, Still In Talks With Ebok Lenders
LONDON (Alliance News) - Afren PLC on Wednesday said it has decided not to pay the interest owed on its 2016 bonds and will default on the notes. The oil explorer, which is to be demoted from the FTSE 250 following a sharp decline in its share price since the middle of 2014, said it has decided it will not pay the USD15... More...>>
03/03/201512:11PMALNCTullow Oil To Drop Into FTSE 250, Hikma To Move Up To FTSE 100
LONDON (Alliance News) - Tullow Oil is set to be the second oil-related stock in successive quarters to drop out of the FTSE 100, following Petrofac Ltd's demotion at the last FTSE index review, while drug maker Hikma Pharmaceuticals is set to take its place.The quarterly FTSE index review is based on changing market capitalisation... More...>>
03/02/20152:44AMALNCAfren Gets Further Loan Payment Deferral, Still In Talks With Lenders
LONDON (Alliance News) - Afren PLC on Monday said it has secured a further deferral on payments owed to its lenders and said it remains in talks with its bondholders and potential third party financiers to secure its financial position. The embattled oil explorer said it has secured a further deferral of the USD50 million... More...>>
02/16/20156:01AMPRNUSINVESTEC ASSET MANAGEMENT LIMITED - Form 8.3 - Afren Plc
INVESTEC ASSET MANAGEMENT LIMITED - Form 8.3 - Afren Plc PR Newswire London, February 16 FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser:... More...>>
02/13/201511:25AMALNCUPDATE: Afren Closes Talks With SEPLAT After Unsatisfactory Proposals
LONDON (Alliance News) - Afren PLC Friday said the proposed takeover offer from SEPLAT Petroleum Development Co PLC will not proceed, but the Nigerian oil and gas exploration and development company said that it reserves the right to "announce an offer or possible offer or make or participate in an offer or possible offer... More...>>
02/13/20159:03AMALNCAfren Closes Talks With SEPLAT After Unsatisfactory Proposals
LONDON (Alliance News) - Afren PLC shares plummeted on Friday after it said the proposed takeover offer from SEPLAT Petroleum Development Co PLC will not proceed after the company failed to find any proposals made by SEPLAT as "satisfactory." Afren shares were down 42.7% to 74.08 pence per share on Friday afternoon, comfortably... More...>>


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