Member Info for jollygoodya

are buys. The price I was quoted on dummy trade to sell was 1.97. Anything above likely to be a buy.

be in since the drop from 1.95 over 3-4mths a d just about in profit. Held firm while MMs dropped this for no reason and if course Greece. Finally moving up and about time. This has serious value IMO and long way to go. IIs are in the know. GLA.

On the cusp of production. Finally moving up, still very good value IMO. Holding tight.

100% agreed. Aim spikes on rumours and drops on good news mostly. Am in a number of shares with stonking RNS' and sp has been clobbered. The current leading riser is a good example, BOS said no signifcant value, two days later boom on rumours of takeover...

All on track toward production. Once production starts, onward and upward. Not far off now. IMO good time to get in.

solid results, cash in hand, able to fund r&d via cash, repeat business, contract growth and revenue and now proftiable! I especially like changing intention to apply to court to redesignate reserves status to facilitate divis, that's confidence! holding onto my tickets here.

interesting, imo only reason he wants shares is perhaps to do with post admin carve up and clout amongst bondholders, especially now that it will end up in private hands and effectively the bondholders.

Whilst I agree with you, it should be remembered that Bonds wanted it all and would not take a hair cut but ramped up their loans and wanted shares, bear in mind they had far more raw data than shareholders, especially since the adhoc committee took effective charge and they wanted to cap shareholders. So just deserts?

Looks like thats what it was. If they got a yes vote and RI. RI funds would have been used as a stop for temp cashflow which would have covered the $30m shortfall. Then would have run dry again and PI's lucky enough... to have gone with RI would imo have been shafted twice.

We all lost out thanks to those duffheads. However there is a slim chance the administrator will cut costs (heres hoping the adhoc guys) plus look to offload non essential assets and perhaps refinance with other parties as they have extensive contacts. Maybe this might come out just. Heres hoping...

at $100 was very dirty and things were gloss coated even more. Just the SP held up as margins were higher. Seems nothing was as described. Oil is dirty and IMO Afren BoD were even worse.

At least I will have cgt losses to use against other gains!!! Oil is a dirty business..

Yep, this is nicely coiled, update in August.

A good touch. Far better than sitting and wondering about what is going on, try stg for a dead quiet bod, very disconcerting in the wake of sp fall. Well done Mr Foster this is appreciated.

The Barda Rash oilfield, some 55 km northwest of Erbil, holds gross recoverable resources of 506 million barrels of light oil and 964 million barrels of heavy oil. Three wells have been drilled on the field, all of which encountered oil, with the main reservoir targets being the Cretaceous, Jurassic and Triassic sequences. Afren plans a phased development of the field with production start-up scheduled for early next year, delivering 15,000 bpd gross by end 2012, ramping up to 125,000 bpd by 2017 (or 75,000 bpd net to Afren within five years). This would develop the light oil reserves, with the company then turning its attention to the 964 million barrels of recoverable heavier oil. The Ain Sifni PSC, operated by Hunt Oil, lies 70 km northwest of Erbil. An exploration well, Jebel Simrit-2, is expected to spud in Q4 2011 to follow-up the JS-1 discovery well of 2010, which logged substantial continuous oil pay in Cretaceous and Jurassic reservoirs but failed to reach the Triassic reservoir targets.

Andydiff-no worries mate. This is an extreme scenario in Afr. Why I dont get is why has GKP got a world class asset in Shaikan and we have a duster in Barda and why did it take seplat due diligence to release that Barda was just a bit of dust? Ps anyone interested in past Afr press releases ka. 2012 and prior look here; all nicely collated: http://www.oilbarrel.com/tag/afren-plc/page/7/

Andydiff- I was being sarky, as we all know there were nasty 'surprises' all the time in Afr. Point being about production and oilers have lots of hiccups, now that the old BoD is gone AL might be given the benefit of the doubt? However have the old BoD actually gone or lurking in the background? The vein of the RNS release on lower production seems old hands at work. With Afr, personally feel nothing can be trusted..

meant assumptions were inaccurate.

I thought AL had a consultancy role prior to ceo appointment? so he should know the ins and outs of the company? If assumptions on which production forecasts and hence cashflow were, I dont know if you would hold ceo accountable 100%; he has to work on the basis assuming others doing their jobs properly especially on the numbers side. Of course this being oil; lots of surprises pop out...

class assets? I dont know.. This company keeps sinking to new depths. I reckon the company may have set a world record on bad news though. Ebok may not be what is was cracked up to be. production is lower..