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Afren Share Chat (AFR)



Share Price: 141.80Bid: 141.70Ask: 142.00Change: 1.80 (+1.29%)Riser - Afren
Spread: 0.30Spread as %: 0.21%Open: 139.70High: 143.00Low: 140.00Yesterday’s Close: 140.00


Share Discussion for Afren (AFR)


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tcan54
Posts: 94
Off Topic
Opinion:No Opinion
Price:160.30
Kwb1
27 Nov '13
Don't really understand the bonds, stupid me, just believe that one day this share will be worth a fair bit, great hit rate and when their production gets more, next year I think, then Kurdistan is sorted, up to who knows.
 
pekingduck
Posts: 150
Off Topic
Opinion:No Opinion
Price:157.00
Suggestion
27 Nov '13
In euroweek that afren looking to issue 7 yr paper next week to refi the bond buy-back, talking about $360m with a coupon c.6.75%. Looks like uptake so far has been around this level, out of $800m combined outstanding bonds, but still almost 2 weeks to for acceptances of the tender price so perhaps a further bond or a larger issue above. Looks like average saving of about 450bp on the cost of finance, so about $16m savings per annum based on the euroweek estimate. Would be great to see full take up on the tender.
Digby04
Posts: 400
Off Topic
Opinion:No Opinion
Price:158.90
Broker upgrade
20 Nov '13
Useful broker upgrade:
20-Nov-13 Liberum Capital Buy 197.00 232.00 Reiteration
volcano
Posts: 1,870
Off Topic
Opinion:No Opinion
Price:161.50
View Thread (2)
RE: Todays News
19 Nov '13
Afren jumps 8.6%. Afren and its AIM-listed partner Lekoil reported that drilling results at the OPL310 site offshore Nigeria are nearly four times higher than previous expectations. The two companies said that the OPL310 site showed a gross recoverable P50 resource estimated at 774 million barrels of oil equivalent, almost four times more than their originally targeted 202 million barrels. Afren holds a 22.86% participating interest and 40% economic interest at the site. Both companies said they intend to drill the OPL310 appraisal well in the second half of 2014, ahead of their original development plan, on the positive results.
tcan54
Posts: 94
Off Topic
Opinion:No Opinion
Price:163.00
Geester
19 Nov '13
Here here, fingers crossed, this is a long haul, patience needed in abundance.
esoxesox
Posts: 406
Observation
Opinion:Buy
Price:163.00
Great News
19 Nov '13
Hope we can hold or better the160 trading range at long last,
Would be nice to see this get noticed by more pi,s
Geester
Posts: 36
Off Topic
Opinion:No Opinion
Price:162.70
View Thread (2)
Todays News
19 Nov '13
Great RNS, this share can surely only go one way, and that's hopefully to £2+, there's still more drilling to come and with 100% success rate this now looks a superb investment, good look to all who hold this share
budd
Posts: 471
Research
Opinion:Strong Buy
Price:148.70
Ship Movements
18 Nov '13
Bobby Rawle Tide, Lewek Andes and Fol Courage all again in close attendance at the rig.

Lewek Andes looks as if it is unloading.
Colesy2
Posts: 1,744
Observation
Opinion:No Opinion
Price:149.20
Goldman Sachs
17 Nov '13
pekingduck
Posts: 150
Off Topic
Opinion:No Opinion
Price:151.30
Tender offer
12 Nov '13
$116.5 for the 16's, $117 for the 19's (including early premium of $3). Looking to re-finance debt at lower levels - be interesting to see what they can re-fi at - this market, mid to low 8's..?



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