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Re: ckeller13 post# 42

Sunday, 03/04/2012 2:20:20 PM

Sunday, March 04, 2012 2:20:20 PM

Post# of 72
ckeller13...........................................................................................











Please understand, I'm very uncomfortable recommending a stock to anyone.

From the Ibox you can see that this isn't some micro-cap waiting on one well, or to dilute to raise money to begin production. This looks like a very focused group here. The company trades on one of the major exchanges in the world. AFRNF is the U.S. listing and it's pps reflects those of AFR:LSE, but without the volume. It also isn't likely to go on an astronomical run like SIOR recently did, a company positioned in a great area for the future, but without nearly the assets or maturity as Afren.

AFRNF's share price, like every other, anywhere, in any era, on any market can fall back on a setback or waiting for the next developements.

A small idea of the range of this company's interests from the Ibox:
________________________________________________________________

Our portfolio now extends to 31 assets in 12 countries, from Nigeria, Ghana, Côte d'Ivoire, Nigeria and São Tomé & Príncipe JDZ, Congo Brazzaville and South Africa, East African opportunities in Ethiopia, Kenya, Madagascar, Seychelles, Tanzania and more recently the Middle East through entry to the Kurdistan region of Iraq.??Our activities span the full-cycle E&P value chain of exploration, appraisal, development through to production, and are focused in areas that represent globally significant and growing sources of international oil supply and high impact exploration fairways.??Maintaining strong relationships with indigenous companies, National Oil Companies and suppliers are top Afren priorities - as are ambitious Corporate Social Responsibility and ethical policies that ensure significant resources re-enter local economies.
_______________________________________________________________

There is lots of information on recent developements contained in fairly recent posts. There are only a total of some 40 posts on the
board.

In the stickies, the raising of $300mm in capital last week may be dilutive near term, but is necessary to go forward to more fully
develop more of these assets listed above.



Good luck

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