Afren(AFR)

Sector:

Oil & Gas Producers

Index:

FTSE AIM 50

Market Cap

£464.60m

Change Today

Price Up5.00p

Share Price

105.00p

Afren signs gas co-operation agreement

Date: Tuesday 22 Jan 2008

LONDON (ShareCast) - Oil and gas firm Afren has entered into a co-operation agreement with E.ON Ruhrgas and African LNG to investigate the availability and accessibility of gas in Nigeria.

The parties have the intention to jointly develop, collect and monetize the gas for domestic and export purposes in line with the Nigerian government’s Gas Master Plan.

“The cooperation agreement with E.ON Ruhrgas and African LNG to develop upstream gas allows Afren to capitalise on the anticipated growth in global LNG demand, without diluting our upstream focused strategy,” said chief executive Osman Shahenshah.

AIM-listed Gasol, in which Afren holds a 6.4% interest, holds a 20% stake in African LNG and has an option to acquire the remaining 80%.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Afren Market Data

Currency UK Pounds
Share Price 105.00p Price Up
Change Today +5.00p
52 Week High 182.75p
52 Week Low 61.25p
Volume 2,449,942
Shares Issued 442.47m
Market Cap £464.60m
Beta 0.23
RiskGrade 352

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
28.39% below the market average28.39% below the market average28.39% below the market average28.39% below the market average28.39% below the market average
53.98% below the sector average53.98% below the sector average53.98% below the sector average53.98% below the sector average53.98% below the sector average
Price Trend
86.22% above the market average86.22% above the market average86.22% above the market average86.22% above the market average86.22% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income Not Available
Growth Not Available
Price Chg 6m
24.86% above the market average24.86% above the market average24.86% above the market average24.86% above the market average24.86% above the market average
15.87% below the sector average15.87% below the sector average15.87% below the sector average15.87% below the sector average15.87% below the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin Not Available

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Afren Dividends

No dividends found

Trades for 21-Aug-2008

Time Volume / Share Price
17:09 410,000 @ 104.31p
17:03 11,152 @ 104.00p
17:03 2,669 @ 104.00p
09:24 17 @ 104.25p
16:35 40,846 @ 105.00p

Afren Key Personnel

CEO Osman Shahenshah

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