Afren plc is an international independent exploration and production (E&P) company with a Premium Listing on the London Stock Exchange (symbol AFR) and a constituent of the FTSE 250 Index.
Afren is a dynamic, entrepreneurial organisation with a portfolio ofworld-class assets located in several of the world’s most prolific and fast-emerging hydrocarbon basins in Africa and the Middle East. Our activities span the full-cycle E&P value chain of exploration, appraisal, development through to production. Our success depends on our ability to deliver long-term value for all our stakeholders through a clear and consistent strategy, which recognises that our responsibilities go beyond our operations.
To leverage our track record of operational delivery and effective portfolio and financial management our business has been strategically positioned into three core business units, Nigeria and other West Africa, Afren East Africa Exploration and the Kurdistan region of Iraq.
Latest Afren PLC News
Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc's ('Afren') entire 22.86% participating interest in OPL 310, which contains the Ogo discovery, for a total cash consideration of US$13 million (the 'Consider... Tuesday, December 1, 2015
Oyster Oil and Gas Ltd. has noted the widely reported demise of the Afren group, and also the recent release of its formerly held interests in Block 1101 in Madagascar. The Company is pleased to confirm that Oyster has been invited by the Government of Madagascar/OMNIS (Office des Mines Nationales e... Tuesday, November 17, 2015
Oil price Another bad day at the office for oil market bulls, the prices are now well back through the longer term moving averages and looking vulnerable to more weakness. December Brent expires tonight and at a two month low doesnt look good, indeed with the Fed increasingly likely to raise rates ... Friday, November 13, 2015
Oil price The API stats came in late yesterday and although they showed a slightly bigger than expected rise of 4.1m barrels (F/c 3.4) there was a small draw at Cushing which the bulls latched on to. Having seen a low of $42.58 during the day the close was therefore a modest rally, this morning tha... Wednesday, October 28, 2015
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Oil price Another hike in the crude price yesterday and as not much has changed on fundamentals we should assume that the market is adding a modest geopolitical premium in for hostilities in Syria. With Russia and Saudi Arabia on different sides on this one the likelihood of any easing in tensions ... Friday, October 9, 2015