Afren is an independent oil and gas exploration and production company listed on the Main Board of the London Stock Exchange.
Focused on Africa – Afren has operations in several African countries encompassing the full-cycle E&P value chain of production, development, appraisal and exploration. Today, Africa is the fastest-growing source of natural resources and a major supplier to the world’s leading markets.
Afren holds a unique position on this continent and not only has close relationships with indigenous companies and suppliers – but also a strong African representation on the Board and management teams. Afren firmly adheres to a strong ethical policy that channels significant resources back into local economies.
Latest Afren PLC News
Oil price The Baker Hughes rig count almost went into three figures on Friday afternoon giving bulls a welcome run into the Holiday weekend. The US is shut today for Presidents Day, Happy Birthday Mr Washington. So, the rig count fell by 98 units, 84 of them being in oil and 56 in Texas which unsur... Monday, February 16, 2015
On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. In accordance with Rule 2.6(a) of the UK Takeover Code, and further to Afren's announcement on 30 January 2015, Sepl... Friday, February 13, 2015
Oil price More fun and games for the oil bulls after taking their feet off the pedals for the last couple of days. Brent celebrates the new contract by being over $60 this morning, as I write it is actually $61.23 buoyed by export shortages from the Middle East primarily. Yesterday I mentioned bad ... Friday, February 13, 2015
Taipan Resources Inc. (TSX VENTURE:TPN)(OTCQX:TAIPF), announced that the Company's Kenya based subsidiary Lion Petroleum Corp ("Lion") has commenced an arbitration action against East African Exploration (Kenya) Limited ("EAX"), a wholly owned subsidiary of Afren Plc. This ac... Monday, February 9, 2015
All Afren PLC News
Oil price A short, late blog today, company visiting again. The rise in the oil price yesterday was impressive if rather flattering, make no mistake this is a technical rally built on faux optimism. I still believe that whilst we are near the bottom the market still intends to have at least one mor... Wednesday, February 4, 2015