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 discovered hydrocarbons in the Obo-1 well, which is the first exploration well in this area.

The Board of Afren plc gives notice that the Annual General Meeting will be held on Thursday 29 June 2006 at the offices of Pelham Public Relations, No 1 Cornhill, London EC3V 3ND at 11.00 am.

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