Tag Archives | Ain Sifni

Afren Falls on Management Statement

By John Lee. Shares in oil explorer Afren fell by more than 5 percent on Thursday morning as the company’s output failed to meet expectations due to installation delays, repair work and adverse weather. In its Interim Management Statement, the company gave the following update on its operations in Iraq: “On 2 October 2014, Afren […]

Afren Resumes Operations at Barda Rash

By John Lee. Afren has announced that, following an improvement in the security situation in the border region of the Kurdistan Region of Iraq, it has begun the process of returning staffing levels to normal at the Barda Rash field with a view to resuming drilling and production activities as soon as possible with the […]

Afren Announces Half Yearly Results

By John Lee. Afren have released their Half-yearly Results for the six months ended 30 June 2014 and an update on its operations year-to-date 2014, in accordance with the reporting requirements of the EU Transparency Directive.  Below is a summary of their Iraq operations and general financial results. Information contained within this release is un-audited […]

Afren Announce Full Year Results

By John Lee. Afren have announced their full year results for 2013, highlighting what they describe as record revenues and cash flows, production ahead of guidance, continued exploration success and significant balance sheet strength. Included here are the company results for their work in the Kurdish region of Iraq. You can see more detail on […]

Afren Expects Resource Upgrade

By John Lee. Shares in Afren rose by more than 5 percent on Tuesday morning following a positive trading update. The company made the following statement on its operations in Iraqi Kurdistan: On the Ain Sifni block in Kurdistan, following the world class discovery with the Simrit-2 exploration well 1,509 feet of net oil pay […]

Afren Updates on Iraqi Operations

By John Lee. Shares in Afren were trading up more than 3 percent on Thursday afternoon following the release of the company’s Interim Management Statement, which included the following update on its Iraqi operations: Barda Rash On 8 July 2013 Afren commenced preliminary crude oil sales from the Barda Rash PSC to the local market. […]

Afren Updates on Kurdistan Operations

By John Lee. As part of its half-year results, Afren has issued the following update on its operations in Iraqi Kurdistan: Barda Rash Approximately 18,800 barrels of oil were held in storage during 1H 2013. Preliminary crude oil sales to the local market have commenced with initial sales of 1,300 bopd achieved since 8 July […]

Afren Shares Up on Interim Mgt Statement

Shares in Afren have risen more than 5 percent since the publication of its Interim Management Statement on Thursday. In the statement, the company gave the following update on its operations in Iraqi Kurdistan: Barda Rash As part of the phased development of the field, Afren initiated production operations in August 2012 producing its first […]