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Last 2.92 GBp
Change Today -0.08 / -2.67%
Volume 13.1M
AFR On Other Exchanges
Symbol
Exchange
London
OTC US
Frankfurt
OTC US
As of 11:35 AM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

afren plc (AFR) Snapshot

Open
3.02 GBp
Previous Close
3.00 GBp
Day High
3.12 GBp
Day Low
2.91 GBp
52 Week High
06/2/14 - 157.10 GBp
52 Week Low
03/18/15 - 2.72 GBp
Market Cap
32.3M
Average Volume 10 Days
12.0M
EPS TTM
-1.58 GBp
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AFREN PLC (AFR)

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afren plc (AFR) Details

Afren plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Africa, Nigeria, and the Kurdistan region of Iraq. It holds interests in a portfolio of assets located in the Kurdistan region of Iraq, Ghana, Nigeria, Côte d'Ivoire, Congo Brazzaville, Ethiopia, Kenya, Tanzania, Mozambique, Madagascar, Seychelles, and South Africa. The company was founded in 2004 and is based in London, the United Kingdom.

439 Employees
Last Reported Date: 05/1/15
Founded in 2004

afren plc (AFR) Top Compensated Officers

Executive Chairman and Chairman of Nomination...
Total Annual Compensation: 88.0K GBP
Group Finance Director, Executive Director, M...
Total Annual Compensation: 395.0K GBP
Compensation as of Fiscal Year 2014.

afren plc (AFR) Key Developments

Afren PLC Reports Unaudited Consolidated Interim Management Statement for the First Quarter Ended March 31, 2015; Reports Impairment of Exploration and Evaluation Assets for the First Quarter Ended March 31, 2015; Provides Capital Expenditure Guidance for 2015; Reports Production Results for the First Quarter Ended March 31, 2015

Afren PLC reported unaudited consolidated interim management statement for the first quarter ended March 31, 2015. For the period, the company reported revenue of $130.3 million against $269.0 million a year ago. Operating loss was $17.2 million against operating profit of $72.4 million a year ago. Loss before tax was $48.1 million against profit before tax of $55.8 million a year ago. Loss attributable to equity holders of the company was $52.0 million or 0.6 cents per basic and diluted share against profit attributable to equity holders of the company of $74.3 million or 6.5 cents per diluted share a year ago. Net cash generated by operating activities was $84.0 million against $114.2 million a year ago. Purchases of property, plant and equipment was $209.7 million against $94.4 million a year ago. Exploration and evaluation expenditure was $2.3 million against $31.7 million a year ago. Net debt as at March 31, 2015 was $1,196 million. Operating cash flow was $169 million against $274 million a year ago. For the first quarter of 2015, average net production was 36,035 bopd. The fall in revenue was due to lower realised oil prices and production liftings from Ebok utilised to settle a net profit interest (NPI) liability. Impairment of exploration and evaluation assets for the first quarter ended March 31, 2015 was $26.5 million against $0.6 million a year ago. The company’s capex guidance for 2015 remains at $0.4 billion, focused on high margin Nigerian cash generating producing assets. For the quarter, the company reported production of 36,035 bopd.

Afren plc Announces Resignation of Non-Executive Directors, Effective June 25, 2015

Afren plc announced that Mr. Peter Bingham and Mr. John St John will resign as Non-Executive Directors of Afren with effect from the close of the company's 2015 Annual General Meeting scheduled for June 25, 2015. Peter Bingham, who has served as a Director of the company since May 2005, and John St. John, who has served as a Director of the Company since June 2007, have advised the Board that they wish to retire and will therefore not be putting themselves forward for re-election at the AGM.

Afren PLC Auditor Raises 'Going Concern' Doubt

Afren PLC filed its Annual on May 01, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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Price/Sales 0.5x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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