Afren (AFR)
market vs.
industry GROWTH & VALUE
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| PE Ratio (f) | 9.74 |
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| Price to Book Value | 1.60 |
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market vs.
industry QUALITY
| Year End 31st Dec | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013E | 2014E | CAGR / Avg | |
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| Net Debt | $m | |||||||||
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| Average Shares | m | |||||||||
| Book Value ps | $ | +26.7% | ||||||||
FINANCIAL BRIEF: For the fiscal year ended 31 December 2012, Afren Plc revenues increased from $596.7M to $1.5B. Net income before extraordinary items increased 62% to $203.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Derivative Financial Instruments increase from $12.5M to $31.2M (expense). more »
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market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Dec '12) vs. prior year | ||||
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BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
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| No. of Analysts: | 0 | 0 | 5 | 7 | 12 |
Afren plc (Afren) is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq. It operates in five geographical markets: Nigeria, Cote d’Ivoire, Other West Africa, Eastern Africa and Middle East and North Africa. It has a portfolio of 29 assets in 12 countries. During the year ended December 31, 2011, Afren and its partner Amni International Petroleum Development Company Limited (Amni) completed two infill wells, Okoro-11 and Okoro-12. As of December 31, 2011, it had operated one appraisal well and drilled nine production wells in partnership with Amni. During 2011, it had produced 19,154 barrels of oil equivalent per day. On November 2, 2011, Afren acquired a 60% participating interest in the Barda Rash PSC and a 20% participating interest in the Ain Sifni PSC located in the Kurdistan region of Iraq. In 2011, First Hydrocarbon Nigeria, in which Afren has a 45% interest, completed the acquisition of a 45% interest in OML 26.
Directors: Osman Shahenshah (CEO) 49, Darra Comyn (Fin. Dir.) , Shahid Ullah (COO) ,
No. of Employees: 272 No. of Shareholders: n/a
| Last Annual | December 31st, 2012 |
| Last Interim | December 31st, 2012 |
| Shares in Issue | 1,087,107,697 |
| Free Float | 1.04bn (96.1%) |
| Sector | Energy |
| Industry | Oil & Gas |
| Index | FTSE 350 Act , FTSE Lower Yield , FTSE 250 Mid , FT350 Oil&gas Pd , |
| Exchange |
London Stock Exchange (Full) |
| Eligible for | an ISA? a SIPP? |
| Address | Kinnaird House 1 Pall Mall East, LONDON, SW1Y 5AU, United Kingdom |
| Web | http://www.afren.com/ |
| Phone | +44 20 74519700 |
| Contact | Galib Virani (Investor Relations) |
| Registrar | Computershare Investor Services PLC (Bristol) |
| Auditors | Deloitte |
| Mon 3:25pm | Result of General Meeting |
| Mon 2:31pm | General Meeting - Chairmans statement |
| 16th May | Interim Management Statement |
| 14th May | OPL 310 - farm out agreement |
| 13th May | Notification by Company |
| 3rd May | Notice of General Meeting |
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