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Afren Share Chat :

BhoyTrader 11:00:48 20/10/2014
Exactly how are the ex CEO and COO going to explain that $17.1m they paid themselves via a Bermuda account controlled by the ex CEO that was never communicated to shareholders? There other 2 issues around disclosure are a different matter and on their own were probably survivable.
cumnor 20:07:57 19/10/2014
White collar crime-City fraud-is rarely seriously punished, even when billions are stolen or lives ruined by thugs and bankers. It is in fact encouraged and rewarded by US and UK courts that send starving shoplifters to prison. This is the law but there is really only one kind of justice that could ever deter financial fraudsters and their vile families. imo
prmoldoaks 19:58:29 18/10/2014
rupert has very little credibility in the City, I think most of us could have written that paragraph let me add to it: Tomorrow will be bright with the chance of shade, rain is in the air and could be on the ground to however there will be a breeze with the chance of high winds and some calm periods!
54Pontiac 17:35:33 18/10/2014
Seems like Rupert will say anything to enhance his attention-seeking status as a tipster, based on a superficial interpretation of the week's news. One week ago, he highlighted Aften as a long-term buy and a candidate for a doubling of its share price.
MidasX 12:03:30 18/10/2014
Afren declined to comment. WFG wasn’t immediately available for comment. Mr. Shahenshah and Mr. Ullah couldn’t be immediately reached for comment. Face saving, pissing in the wind as usual. Bring on the takeover!
fraserdean 11:12:51 18/10/2014
Oriental finds it incomprehensible that Afren would release such an erroneous document without studying its records or consulting with its Partner. It is our sincere hope that Afren will recover from its current leadership crisis and that the Partnership can return to its former cordial relations and exemplary performance in Nigeria's upstream oil industry.
BhoyTrader 20:37:58 17/10/2014
Well, its safe to say that Shahenshah and Ullah are pretty tight with Oriental after this statement: hxxp://www.oriental-er.com/media/?file=assets/press-releases/Oriental%20Press%20Release%2010172014%20FINAL.pdf
Whizzy1 20:08:40 17/10/2014
If it's good enough for SAPETRO, who, let's face it, are inner circle, it's good enough for me. Will crude stay this low forever? Deffo not, will Afren (what's left of it) bring in a new CEO and CFO with a proven track record? Yes. Whilst all this is going on, is there a decent chance of a T/O approach? Yes. Love it, couple of grand today. Balls deep £82,465 @ av95p Next.
prmoldoaks 18:44:39 17/10/2014
You boys and MM's lol they are only interested in feathering their own nest and holding price back well, you can see what the book shows and I've been buying with no problem's. If anything the MM's are working a sell order as liquidity/demand dictates the price
ant15 16:48:31 17/10/2014
I think we will see that they have acquired nearly another million shares today if not more. MMs holding this back to fill orders. Very Interesting times and likely to get more so over the next few weeks.
FSAwatcher 15:07:43 17/10/2014
SAPETRO could be acting for another party such as Total, Shell or another. T/O doesn't have to come from SAPETRO direct for them to make a mint. Local knowledge, dealings with the majors goes a long way in Nigeria. Watch for Lek Oil too - another 'connected' company. OPL310 looks to be huge - all revealed soon?
boxerdog1 09:42:05 17/10/2014
Considering SAP. Has actually amassed over 7% of Afren's market cap in a short space of time the response in the SP. is not encouraging or telling. 18 months ago the SP. shot up in one session on nothing more than chinese whispers that Sinopec were about to pounce, of course this turned out to be bollocks.

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