By John Lee. Afren plc's trading statement and operations update includes the following review of its activities in Iraqi Kurdistan. Shares in the company closed up 2.7 percent: Barda Rash Having commenced an extensive testing programme at the BR-1 well in July 2012 and establishing oil rates in excess of 6,000 bopd of 28° to […]
Tag Archives | Badra Rash
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 […]
Tags: Afren, Ain Sifni, Badra Rash, Barda Rash, ENI, Exxon, Exxon Mobil, ExxonMobil, Italy, VSA Capital
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 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 […]