Press Releases

30.11.2009
General Meeting

Following today’s General Meeting (GM) of Afren Plc, convened by the notice of GM dated 11 November, 2009, the Board of Afren plc is pleased to announce that the resolutions proposed were duly passed by shareholders.

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17.11.2009
Afren plc announces the completion of the Ebok-5 appraisal well offshore Nigeria

London, Tuesday 17th November 2009.  Afren plc and its partner Oriental Energy Resources (“Oriental”) announce completion of the Ebok-5 appraisal well.

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12.11.2009
Notice of General Meeting

London, 12 November 2009 - The Board of Afren plc gives notice that a General Meeting ("GM") of the Company will be held at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW on 30 November 2009 at 10:00 a.m. The Notice of the GM was posted to shareholders yesterday.

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10.11.2009
Result of Placing – £104.9 million (US$175.0 million) Raised

Afren plc ("Afren" or the "Company") announces that it has raised £104.9 million (US$175.0 million) before commissions and expenses by the placing completed today of 129.5 million new ordinary shares of 1 penny each in the capital of the Company (the "Placing Shares") with institutional investors at 81 pence per share (the "Placing").

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10.11.2009
Proposed fundraising to raise approximately US$200 million through issue of new shares and exercise of existing warrants

A placing (the “Placing”) of new Ordinary Shares, with both new and existing institutional shareholders (the “Placing Shares”) is being conducted, subject to the satisfaction of certain conditions, through an accelerated book-building process to be carried out by Merrill Lynch International (“Merrill Lynch”) and Morgan Stanley Securities Limited (“Morgan Stanley”), acting as joint bookrunners (the “Joint Bookrunners”) and Jefferies International Limited (“Jefferies”), Nomura International Plc (“Nomura”) and Evolution Securities Limited (“Evolution”), acting as co-lead managers, in relation to the Placing.

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04.11.2009
Proposed admission of the Company’s Ordinary Shares to the Official List and Operational Update

London, Wednesday, 4 November 2009.  Afren plc announces its intended Admission to the Official List and also provides an Operational Update.

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03.11.2009
Afren plc announces a drilling update on the Ebok-5 appraisal well

London, Tuesday 3rd November 2009. Afren plc and its partner Oriental Energy Resources (“Oriental”) announce a drilling update on the Ebok-5 appraisal well and that requisite approvals have been received for the Ebok Phase 1a Field Development Plan (“FDP”).

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