Member Info for jester16

Thats where the 200 mill went....

He can he was there as a consultant part and parcel of this whole debacle.....

Simples is this the next sort of scandal ie ppi. Ripping off honest folk. When and where will they stop.....

Was they downgraded to achieve where we are to day so they can sell it for themselves. Admin are part and parcel of all this wouldn't be surprised if they are linked in some way ie rothchilds own allsorts. Just a thought come on no one can say one minute there is 1billion barrels plus then theres just 200 mill barrels a 5th.. bu ll sh it...

Or they will be fined billions for corrupt dealings and compensate the shareholders. Something major is going on in background and hopefully the authorities do something about. Its gone on for far to long..

Lets see who buys the stolen assets?

Wasn't they part of the ad hoc committee.... was this the plan all along.

Taken into subsidiaries to be sold to the ones that wanted these assets badly and saw the shareholders as an obstacle hence why we sit in admin waiting for the inevitable...... legalised theft should be brought to justice...

We had £200 mill in bank we borrowed £200 mill plus and also our production earnings for year, where has the money gone.......Looking ahead, Afren expects full year 2015 net production to average between 23,000 to 32,000 bopd, with forecast capital spend of approximately US$0.4 billion, giving priority to our existing high-margin Nigerian producing base. The guidance expectations reflect the impact of operating in a significantly lower oil price environment, where discretionary spending has been postponed subject to an improvement in the oil price environment.

And in admin, this is still a substantial amount of money per day. Why can't they defer debt payments till oil recovers what is stopping them. Come to some sought of arrangement its not as though it won't be payed. Must be better for the creditors than admin?

Are you part of wshaks crew!!!!??

Who sanctioned the use of advisors at astronomical fees, surely this was one of the nails in afrens coffin. Turnaround specialists more like admin specialists. Remember their names alvarez and marshal....

Caught short!!!!

Still here hows the knitting going?

Didn't we have 200 mill in the accounts at christmas we've also used the 200mill recap? Now they want another 250mill plus what about our revenue over the last 7 mths does this add up to all on ere. Something sure is going on....

I doubt there will be a change if fortune in this. The powers that be have afren where they want it. Utterly scandalous whats gone on here, once they have finished they move on to their next prey..... Sometimes I've wonder what is the point in being a shareholder of a company when in admin you are the last to receive anything yet it also your money thats been used to build the company.

They should of forseen there would be short fall of cash.when you have advisors costing a days production per week.

Catch you all later off out. Manchester here i come sorted.....

Thank fck for that your going...

Do one you tool......are you just here to wind everyone up don't you have a playstation you could waste your time on or do some knitting.