Afren plc (the 'Company') has received notice of an exercise of warrants over 400,000 ordinary shares in the Company. Application has been made for these shares to be admitted to trading on AIM and dealings are expected to commence on 3 February 2006.

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Afren (AIM:AFR), the oil and gas company focused on establishing itself as the premier pan-African independent exploration and production company, announces that Chevron, the Operator of Block 1 of the Nigeria - Sao Tome and Principe Joint Development Zone ('JDZ') has confirmed that it has commenced drilling of the first exploration well on this licence on 14 January 2006.

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The Directors of Afren PLC announce, with effect from 12th January 2006, Deloitte & Touche LLP, London, have been appointed as auditors to the Company and its subsidiaries.

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