Member Info for afleac

"Corporate Increased ownership of appraisal asset OPL 310, which includes the Ogo discovery, and became the technical and financial partner (subject to Nigerian Ministerial consent) of the block. Consolidated participating interest of 40% and an economic interest of 70%." We understand that the high court in Lagos are very busy with the Afren cases.

My understanding is that many British are going for Irish passports lately! I personally like mine too much and lately the Icelandic one too. Lol Ministerial consent is still required for OPL 310. It is in the anual report very clearly explained. By the way Afren shareholders will get news soon in the legal side. The Afren scandal will be unfold and we will go after every responsible one by one.

Opl 310 Ministerial consent still not granted...why? How long wil it take?

The investors still expecting "high rates" from Otakikpo-02 by when?! The well is suspended and the lower zone (where most of the reserves) are have been damaged according to some sources close to regulators. The well has to be sidetracked with a new rig..... No production from Otakikpo till at least December and a new infusion of cash (like $50MM) since Lekoil has wasted all funds on endless fishing ops on Otakikpo-02 IMO. How did this happen? WellSmart belongs to their friend (Century); Sowsco (the cement company that messed the well up) belongs to Samuel Adegboyega (Lekan's uncle, who is also the non-executive chairman of Lekoil) Do your own research and be very careful. I can say that the biggest risks to any lucky/successful company are a) jealousy by others in the City, b) the (big) financial community, c) the press and how they collude with a&b, and then of course incompetent management. Political/macro risk is also a factor or course, but if any combination of abc decide that they want to make money regardless, they will do - and those risks will be sidelined. There is a modus operandi, it is about stealing retail investors and taking control of assets on the cheap...It's a sick world when the financial institutions behave like that with 'real' businesses. OPL 310 and Lekoil a good example. Be very careful.

Let's hope for fairplay from the parts involved in the Administration process

So is this "The Administrators continue to work closely with Lekoil 310 to obtain ministerial approval and secure the completion of this transaction." in the report? Yes or No? Clearly YES Is the ministerial approval granted? NO Is the transaction completed? NO, still to be secured.

who said is it secured? From Alixpartners administration report :"The Administrators continue to work closely with Lekoil 310 to obtain ministerial approval and secure the completion of this transaction." slow, long, painful process.... Bu the way, how is the so anticipated first oil production in Nigeria going on here?

really? I think it is still there. http://www.thenigerianvoice.com/news/207013/oil-rig-quagmire-puts-50-million-investors-fund-at-riskn.html did you contact TNV to see what they think about your comment? "Obviously no truth whatsoever"

You said he doesn't exist and at the same time you said that he isn't not a very good reporter? So is he a reporter then? If so, he exists then. It will be interesting to know if there is any true on this statement " the rig operations on the well be temporarily suspended until a new rig could be sourced for a sidetrack in future." If so what will be the Financial Impact? Hopefully the company will officially update Shareholders.

It is related to Lekoil! I know it is not related to OPL 310...but it makes you wonder of their technical abilities...?

https://twitter.com/ldlviuda/status/701814549285048320 http://www.nigeriaenergyconfidential.com/index.php/about-us

You may be pretty correct. Regulators can be contacted here https://dpr.gov.ng/index/contact-us/ Are the investors still expecting "high rates" from Otakikpo-02? Is the well being suspended and the lower zone (where most of the reserves are) have been damaged? Will the well be sidetracked with a new rig!?? New infusion of cash (like $50MM) since Lekoil has wasted all funds on endless fishing ops on Otakikpo-0 required? Please could you or anybody else answer those very worrying questions? Did really Lekoil buy OPL 310 from Afren? Very worrying everything

How are they doing in Andoni? Weren't they NG 151? Are the regulators happy with that performance?

How are the doing in Andoni.

I am Italian too!! my English is even worse! lol I hope you understand me, otherwise ask again please

Follow the assets and whoever get them for next to nothing with incredible excuses, easy.

http://takenotenigeria.com/2016/02/04/west-african-ventures-limited-vs-afren-energy-resources-limited-petition-for-the-winding-up-of-afren-energy-resources-limited/ It looks like the High Court in Lagos is very busy with Afren related cases.

Alix have even stated that most of the interest (and higher offers for OPL310) came from local Nigerian companies, but that these were disqualified due to the operator insisting on an IOC as the new partner - hence the ridiculously low sale price. Not that Lekoil qualifies in that respect...ludicrous! Maybe you should contact the author of the article....? His name is Joseph Onyekwere and please check this too..http://takenotenigeria.com/2016/02/16/vogue-oilfield-services-vs-afren-resources-limited-advertisement-of-petition-for-the-winding-up-of-afren-resources-linited/ from this week.

What do you think about this article? http://www.ngrguardiannews.com/2015/11/court-grants-firms-injunction-over-afren-plc/

Majors are now in the data room for Ogo farm out drilling. As stated on conference call, they believe Ogo and ONL325 are linked? Why Alixp sold it for ONLY $13m a few weeks ago? NOW majors are interested? Very interesting....