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
Afren plc (LSE: AFR) notes the press reports regarding the purported termination by AMNI Petroleum Development Company of the Production Sharing and Technical Services Agreement between AMNI, the Company and Afren Energy Resources Limited in respect of the Okoro field. As announced on 13 March 2015... Wednesday, April 8, 2015
Oil price Five days is a long time in oil price terms and this Easter much has happened, causing wild fluctuations in the crude price. The Iran nuclear accord and the Saudi pricing schedules between them have meant at least for Brent, the swing was at one stage over five dollars in less than two wo... Tuesday, April 7, 2015
Afren plc, (LSE: AFR) notes the press reports that Alan Linn is proposed to be appointed as the new CEO of the Company. Afren confirms that Alan Linn is currently acting as a consultant to the Board of Directors and that it is has agreed in principle with Mr Linn for him to be appointed as Afren's n... Tuesday, April 7, 2015
Oil price The inevitable rally in the oil price as the chances of a deal with Iran on the nuclear front starts to recede. Although John Kerry and his team are apparently staying in Lausanne until tonight the market has assumed that a deal is not now imminent. This may be premature as I understand t... Thursday, April 2, 2015
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This Special Report was written by Xtract Research, the leading global Covenant Analysis Service. In the wake of the dramatic plunge in the price of crude oil by more than 50% since mid-2014, our colleagues in the US have produced numerous special reports on several topics focusing on analysing the... Thursday, April 2, 2015