Production from Kurdistan is small i believe, they can pump more out but only truck it, the last results for flow rates were fantastic, they did not include the oil from there in the rns for last years results. Big key here maybe the peace agreement that seems to be coming between the kurds and the turks, pretty sure the pipline will be done then, money talks, also with genel involved the oil will be exported, when, who knows, i hope this happens, one, for peace, and for all the oilies in kurdistan i also have shares in gkp, not loads, same as afr, but feel sure that one day they will both be worth alot more. Afr have had 2 good rns recently and then the sp drops, so, same as last year!!! One day.
Yes I used to post here last year but sold out at about 134p I think. It seemed typical that it soon went up to 162p as soon as I sold out, I really thought it would keep moving up from there. What is the situation with the Kurdistan assets now? Are they producing any oil or is the Iraq Central Government still causing problems for oil companies in Kurdistan? That asset alone is worth more than the market cap of Afren if only it was not badly restricted by Iraq. I think Afren is one of the most interesting shares I have looked at, the potential is enormous and you would think it is a brilliant target for a takeover attempt but desprite so much talk of that happening nothing ever comes of it.
Yes I think most people who have followed Afren see the huge potential, so much good happening but the SP just stays in the same range. In Feb 2012 we saw this at 131p and thought it was going to rocket, I would never have believed 13 months later its only on 140p. The profits are impressive, the production of oil is fantastic and ever increasing, the portfolio of assets is superb. I am convinced this share will rocket, but when?
Bought in originally in Nov 2010 on the back of a tip from a mate of mine who works offhore Africa maitaining the oil lines etc who reckoned this could be the next big thing and have been topping up ever since. Still sitting on a fairly good profit as made the most of the lows 12 months later. Could get out now but I'm sure this is due to take off as I have been for the best part of 3 years... Everything suggests a multi bagger, but something keeps holding it back and the baffling nature of the sp only seems to add to the intrigue...
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.