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In regards your comment 'No-one would bid for Afren at this point with the lack of information on the assets, current production etc.' Afren has approachable partners far more transparent. I wonder why we have lack of information? Who will benefit of that lack of information? Of course we have a Sunday Times article to play with our brains and LSE too!!! If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams currently looking into this
we will have questions for you too
This is in our legal firms hands too, and coming from an Afren contractor that is helping the Afren Legal Team, thanks to our friend: "I can confirm that xxxx estimate of current production and estimated decline is correct and also agree that the expenditure for the infield and initial drilling for Ebok fault formation would have been forecast" I guess you are happy with this information as you are a share holder, we need to believe our sources as Afren keeps his shareholders in the dark. By the way, can anybody please answer WHERE IS THE MONEY GOING? afrenlegalaction yahoo com If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this Best wishes and peace to ALL share holders, the Real Victims
I have been advised not to make further comment at this time on a public forum regarding such a sensitive issue. So no further questions please As I said this is from a third party company and it is in hands of our legal team. Can anybody please answer WHERE IS THE MONEY GOING? afrenlegalaction yahoo com If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this
I have been advised not to make further comment at this time on a public forum regarding such a sensitive issue. So no further questions please afrenlegalaction yahoo com If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this
From a third party company assessment in Africa, it is worthy to mention that NOTHING has materially changed from Afren's forecast. Their physical review of the operations of Afren Plc in Nigeria especially as regards the Ebok and Okoro fields have not been able to sustain any of the claims made by the Management of Afren Plc at this time. They have not been able to verify the claim of the management that production will be "Materially Lower." It is worthwhile to know that while the Ebok Field is currently producing between 30,000 - 31,000 bopd of which Afren currently holds 80% interest therein, equally the Okoro Field has recorded a decline which is consistent with the current life cycle of the field and this has been taken into consideration at the beginning of the year by Afren Plc. This curve in the decline of production at the Okoro field was to be addressed by the additional drilling of two new wells scheduled to come on stream in the 3rd and 4th quarter of this year. It is expected that the Capital Expenditure (Capex) of drilling those new wells would have been included in the financial package received earlier this year. Therefore, there is NO legitimate reason which appears to justify a claim in the decline in production or "Materially Lower" production. that is from a third party company and it is in hands of our legal team. Why the company doesn't specify anything to their loyal shareholders? Why the secrets? why the leaks to the Sunday times? WHERE IS THE MONEY GOING? afrenlegalaction yahoo com If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this
Afren legal action Tem has serious concerns as to where the money is going. Millions of pounds cannot vanish away in the current climate, this is not about our shares it is about our way of life. If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this **************************
We are working on a legal fashion too, keeping an eye on everything If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this
This is similar to what happened in the Hibu / Yell case using same advisors and lawyers. What if they try to transfer the assets to these new lender owned companies without shareholder approval arguing that the group is insolvent and shareholders have no "economic interest" in the proposed restructuring. If so, the dodgy bit is that Afren must have provided bond-holders some sort of cross-company guarantee to this effect when they took additional funding from the bond-holders. There was a reference to this guarantee in one of the March RNS statements or a news article recently. What we do not understand is that how are they going to circumvent the Nigerian legislation without Nigerian shareholders. We are trying to get a strong statement from the Nigerian government to protect shareholder interests. By the way If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this **************************
Why has AL set up 5 companies with amongst the directors, ex directors of Afren all who are implicated in the destruction of millions of pounds under their management??? The new IR also has a colourful track record in the oil industry according to some feedback we got. AHBH employee? (even though Afren pays that person). Thanks for the continuous emails!! By the way If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly or instead send directly to the FCA/ SFO/SEC teams now looking into this
If any shareholder or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly
keep it up
some stup***d person reported ALL my today posts and they were deleted...we are too many
A genius is a person who displays exceptionally superior intellectual ability, creativity, or originality, typically to a degree that is associated with the achievement of new advances in a domain of knowledge Wild wolf use of words is exceptional, from my point of view his ability to transmit ideas fits into the genius category and I am CLEARLY talking from a linguistic point of view By the way in case people didn't realize yet my name is ldlv, it couldn't be more cleat!
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AAFR.L&it=le&action=detail&id=11713276 Views in any links here, wild wolf letter content or in twitter are those of the link authors. Any references in this post or contained links that refer to actions, persons or companys are expressed as alleged only
The shareholders of Afren PLC offered a hand of friendship out to bondholders. That was ignored. Maybe the depths of our feelings are still unknown to you BH’s, so we are now giving you an eternal bear hug. We will squeeze you so tightly that you constantly feel the beating of our heart throughout whatever you try to do hereafter. Should you want to jump off a cliff, we will still hold you close and as we crash together upon the rocks, we will not let go of you and regardless of your pain (we have been numbed by now) we will still be looking in your eyes, unblinking, not crying, not begging but holding you so close that we are as one. All for one, one for all. A romance of stakeholders. Yes you decide the fate, but we control the weight that will be falling upon you. While you are still explaining your mistakes to your bosses, we will get up and we will then use the law to destroy as many of you that we can in revenge and as a deterrence from stealing from the innocent ever again. Make a fairer dilution offer or all stakeholders will be eternally intertwined.
http://www.prnewswire.com/news-releases/oriental-energy-refutes-afren-allegations-279806102.html Orientals statement re. Bungs.
Hahaha if you ONLY knew the source
https://lubepoint.wordpress.com/2013/05/30/afren-makes-307-million-barrels-new-oil-discovery/ They want to grab our 307 million barrels oil... You may need to copy and paste it or the link may work. By the way if Afren are still using the Aconex platform any significant problems with the operations and maintenance at Ebok would have been flagged up for all to see almost immediately. Opinions?
The talk of formation water onset is not actually correct, sure the water cut is up but that happens to most if not all oil fields and is factored into any production profile. What they are eluding to here is that future facilities over Ebok, Okwok or Ororo must have state of the art water handling and gas compression facilities with gas and water reinjected back into the formation, presently gas is flared and water is cleaned up and dumped overboard.