Member Info for ldlv

getting a call from our interim CEO to say we need to write off 1bln barrels from our Kurdistan assets and now what!!!!!!!!!!!!!!!!???????

thanks for the confessions afrenlegalaction yahoo com

Last year?? Let's talk about this year then... 1. material inaccuracies within the issued prospectus 2.the suspicious and highly questionable write-down of the Barda Rash 3.A deliberate and sustained effort of destroying shareholder value in the company over the last twelve months; 4.Evidence of aggressive shorting activity In 2015 decimating the share price. Please note that there was an extremely sensitive period for Afren when they were engaged in potential M & A talks with Seplat PLC. 5.Conflicts of interest and concerns regarding non-independence of Afren board. 6. Production issues 7.And MUCH MORE This will have long-term ramifications for the reputation of London market besides being a life changing tragedy for many hundreds of retail investors and their families. The destruction of this FTSE 250 company in a matter of a few months is the folly of breathtaking. THIS YEAR! Afrenlegalaction Yahoo Com

Afren has already burnt the $200 million cash injection from the bond-holders. I think you need to add this point as well as the multi-million dollar question of where on earth Afren revenues are disappearing. Since January, even with the lower production figures of 26000 BOP, Afren should have generated somewhere in the range of $100 - $150 million So, we are being asked to believe that Afren has splashed around $300 - $350 million in the first half of this year and there is nothing to show for that spending? well yes, water problems and aministration...maybe the advisers can tell us!! Opinions?

Bluesuit88, you bet...Not fair at all.

It will be much appreciated if you could you please send us the 650 e-mail address of your people so our legal team can contact them directly and explain our views, action plan and possibilities? afrenlegalaction yahoo com

could you send me an email please? afrenlegalaction yahoo com

Could our legal team get the e-mail address of ALL your 650 members please? We are in a new stage after Administration, they may want to hear directly from us what other options are available. afrenlegalaction yahoo com

....who is the ultimate beneficiary...be aware Afrenlegalaction Yahoo Com

ASOG shouldn't you be up in arms now and asking to join forces with the Legal Action Group? Share holders need more than ever to join forces. Could you please send to our legal representatives the 650 people emails so we could give them a Legal option? We need those emails to give hope to shareholders. We are trying to see if we can engage heavy weight lawyers and the necessary support. We will work with the best possible insolvency practitioner and fight... We have people in our group with key contacts in Nigeria too. We are going to fight

More in today's FT...... among other gems: "operating subsidiaries in Nigeria are unaffected by the parent company's collapse."

"We then requisitioned an EGM to remove the directors and replace them, but the Administration was pushed through that pre-empted this move." Might explain something. http://www.uksa.org.uk/files/press_releases/20090503_axeon_prepacks.pdf

In Houston??? Please join us Afrenlegalaction Yahoo Com

Can we get the money back from the usless advisors and ridiculous fees??? Call the police!!!!

How much they charged to put the company into administration? Are they proud of their fantastic job???

The administrators if they are US based may not have the freedom to act as they wish if based in the UK. There may be a possibility that this works to our advantage as the US legal system has far more teeth than the UK regulator...we will see....maybe the fact it is not in UK will help?

"No action group will have any influence over the administrators I'm afraid" The Administrator is going to have to be careful under the circumstances that they get fair market value for all of the assets and that is what we need to ensure. In order to do this we may have to canvass all those who either are or should be interested in the assets. Obviously, where the producing assets are involved, the partners with Afren should be the first choice since they know well what the producing properties are worth; then there is the General and Sapetro as well as Seplat, KKR, Fosun, etc. There may be a long list of prospective buyers apart from the Directors, Bondholders, banks, etc. The banks (Zenith and Access) may be our allies since they have not been overly cooperative with the bondholders. The Administrator can only determine the value of the Kurdish assets and the E&E assets thru a technical evaluation of these properties. We need to ensure that happens and we should hold the Administrator's feet to the fire and we could start by sending a letter to the Administrator that we will protest any sale of such assets w/o such evaluation. Then there is OPL 310. Again we need an appraisal of the value of this property to be sure that it is not sold for less than it is worth. I still believe this is the "crown Jewel" of the Afren assets. I think we should try to reach all parties who might be interested in these assets and somewhere in there we might find a group willing to partner up to make a bid.

Tying to de-rail SHs using obscure methods is a clear pointer to legal representatives, that would help to build an even stronger case of legal action. Read the English unjust enrichment law, compensation can be gained from all those involved in an hypothetical Afren conspiracy if proven. our team is growing and growing, stronger and stronger

"No action group will have any influence over the administrators I'm afraid" At least nobody will tell us EVER that we didn't try our best.... they are clearly moving fast, starting with the Houston offices...miserable situation, we will try to get them on board and fight fight fight We can still be a pain in the backside. The Afren legal team is extremely active and will continue to be so, there is no lull and there will not be so until such at time we reach settlement or court action & FCA investigation of a suitable solution is found for the shareholders and employees.

Afrenlegalaction Yahoo Com You know that, I want to understand your comments