04/08/2015 11:57:02 Free Membership Login

Afren News (LSE:AFR)

DateTimeSource
Headline
07/31/20155:53AMALNCFinal Nail In The Coffin For Afren As It Enters Administration
LONDON (Alliance News) - Afren PLC Friday may have put the final nail in its own coffin after the board Friday said it has placed the company into administration following weeks of uncertainty since it cancelled a critical general meeting. "The board has taken steps to put Afren Plc into administration and appoint Simon... More...>>
07/21/201512:07PMALNCAfren Confirms Suspicions By Postponing Critical Shareholder Meeting
LONDON (Alliance News) - Embattled Afren PLC late Tuesday confirmed suspicions that it would postpone the critical general meeting that was due to be held this Friday, as the company is facing significant financial uncertainty. Last Wednesday, the Nigerian oil producer said its shares had been suspended after a fall in... More...>>
07/17/20159:09AMALNCDrop In Production Puts Afren's Financial Restructuring In Doubt (ALLISS)
LONDON (Alliance News) - The future of Afren PLC looks even murkier and uncertain following news on Wednesday that the company's shares have been suspended after a fall in production threatened its already controversial and much-debated restructuring plans. The news has thrown doubt on whether a general meeting next Friday... More...>>
07/15/20153:08AMALNCEmbattled Afren Suspended Amid Financial Uncertainty Ahead Of EGM (ALLISS)
LONDON (Alliance News) - Embattled Afren PLC Wednesday said its shares have been suspended due to "material uncertainty" over its financial position and said it cannot inform the market about its finances until it completes a strategic review. Afren said the outcome of a review of its business plan is currently clouded... More...>>
06/25/201510:50AMALNCAfren Chief Says Restructuring "Only Route" After Shareholder Revolt
LONDON (Alliance News) - Afren PLC's Chief Executive Officer Alan Linn reiterated that its recently proposed major restructuring of the company and its debt is "the only route available to Afren", after shareholders voted down some resolutions unrelated to the refinancing at the company's annual general meeting Thursday... More...>>
06/25/20156:24AMALNCUPDATE: Afren Chairman Imomoh, Non-Executives To Stand Down After AGM
LONDON (Alliance News) - Embattled Afren PLC said its chairman and four non-executive directors will not seek re-election at the company's annual general meeting, being held Thursday. Afren, which has recently proposed a major restructuring of the company and its debt, is holding its AGM late Thursday morning, where Chairman... More...>>
06/25/20152:47AMALNCAfren Chairman Imomoh And Non-Executives To Stand Down After AGM
LONDON (Alliance News) - Embattled Afren PLC said its chairman and four non-executive directors will not seek re-election at the company's annual general meeting to be held later Thursday. Afren, which has recently proposed a major restructuring of the company and its debt, is to hold its AGM on Thursday, where Chairman... More...>>
06/19/20151:50PMALNCAfren Launches Restructuring Proposals To Get Through "Difficult Period" (ALLISS)
LONDON (Alliance News) - Afren PLC Friday launched its proposals to restructure the company's debt, including an open offer and the recovery of USD148 million by restructuring its outstanding loan notes, urging shareholders to vote in favour to get through a "difficult period". "Afren shareholders have been through an... More...>>
06/12/201511:17AMALNCAfren Appoints Thomas From Petroceltic As COO As CFO Comyn Resigns
LONDON (Alliance News) - Afren PLC Friday said that Finance Director Darra Comyn has resigned and will leave the company in the summer and that it has appointed David Thomas as Afren's new chief operating officer after he left fellow London-listed Petroceltic PLC. Comyn, who joined Afren in 2010, will leave in the summer... More...>>
05/29/201510:41AMALNCUPDATE: Afren Gets Funding From Noteholders As Revenue Halves
LONDON (Alliance News) - Oil and gas explorer Afren PLC on Friday said it has secured a higher-than-anticipated funding commitment from its noteholders, as it said revenue and its operating cash flow in the first quarter of 2015 dropped sharply year-on-year. Afren said that holders of its 2016, 2019 and 2020 notes have... More...>>
05/29/20152:44AMALNCAfren Gets Funding From Noteholders As First Quarter Revenue Drops
LONDON (Alliance News) - Oil and gas explorer Afren PLC on Friday said it has secured a higher-than-anticipated funding commitment from its noteholders, as it said revenue and its operating cash flow in the first quarter of 2015 dropped sharply year-on-year. Afren said that holders of its 2016, 2019 and 2020 nots have... More...>>
05/18/201510:37AMDJNThorntons' CEO Departs; Blinkx Warns on Profit Hit
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 THORNTONS PLC (THT.LN) said its Chief Executive Jonathan Hart has stepped down, capping a troubled recent period for the 104-year-old U.K. chocolate maker and confectionary retailer. At... More...>>
05/18/20157:59AMDJNBlinkx Warns on Profit Hit; Tower Resources Posts Loss
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 BLINKX PLC (BLNX.LN) predicted a "near-term impact on gross margin and profitability," hitting shares of the online video platform operator, as it reported a loss for its 2015 financial... More...>>
05/18/20155:22AMDJNAfren Directors Resign; 888 Makes Offer for Bwin.party
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 AFREN PLC (AFR.LN), an oil explorer, said two of its non-executive board directors will resign after the close of the company's annual general meeting on June 25. At 0808 GMT shares up 0.1... More...>>
05/18/20153:05AMALNCTwo Afren Non-Executives To Retire At AGM In June
LONDON (Alliance News) - Afren PLC Monday said non-executive directors Peter Bingham and John St John have decided to retire and won't be putting themselves forward for re-election at the company's Annual General Meeting on June 25. As previously announced, the company is seeking to appoint additional non-executive directors... More...>>
04/30/201512:22PMALNCAfren Posts Pretax Loss As Lower Oil Prices Hit Business
LONDON (Alliance News) - Afren PLC Thursday said it swung to a pretax loss in 2014 as revenue fell and it was hit by an impairment charge due to lower oil prices and the write-off of its Barda Rash reserves. The company had a torrid year in 2014, marked by a failed takeover approach that came on the back of a hit from... More...>>
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...>>


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