Tag Archives | Ain Sifni

Afren Takeover Speculation

By John Lee. Shares in Afren, the U.K.-based oil and gas company with operations in Iraqi Kurdistan, gave up some of their recent gains on Wednesday, but were still nearly 10% up on Monday's intra-day low on speculation of a takeover offer. According to This is Money, rumours were rife that Italy's ENI, and Exxon […]

Afren Updates on Kurdistan Operations

In its Interim Management Statement this morning, oil explorer Afren gave the following update on its operations in Iraqi Kurdistan: Barda Rash Having received all necessary approvals of the Field Development Plan (FDP) for Barda Rash during November 2011, the Company has commenced the development programme that will initially target approximately 500 million barrels of […]

Afren Bolsters Kurdistan Team

Afren plc announced on Wednesday several senior technical management appointments for its operations in the Kurdistan region of Iraq. Appointment of Managing Director Afren MENA Afren announces the appointment of Mr David Kennedy as Managing Director Afren MENA, who will assume responsibility for Afren's operations in the Kurdistan region of Iraq, including the major Barda […]

Afren Jumps on Kurdistan Oil Find

Shares in Afren jumped more than 10% in early trading, before falling back slightly, following the company's announcement that the high impact Simrit-2 exploration well, located on the Ain Sifni PSC in the Kurdistan region of Iraq, has discovered a significant oil accumulation based on the results of drilling, wireline logs and sidewall core sampling. […]

Afren Up on Full-Year Results

Shares in Afren, the oil exploration company with interests in the Kurdistan Region of Iraq, were up nearly 5% in early trading on the London markets following the announcement of full-yer results: The results included the following statement on operations in Kurdistan: Kurdistan Region of Iraq - a world class petroleum play 2011 saw the […]

Afren Updates on Kurdistan Operations; Shares Rise

As part of its interim management statement, Afren plc has issued an update on its operations in Iraqi Kurdistan. The shares are up 11% since the statement: On 2nd November, the Company announced completion of the acquisition of a 60% operated interested interest in the Barda Rash PSC and 20% non-operated interest in the Ain […]