Afren PLC (AFRE.L)
22 May 2015
May 1 - Afren Plc will consider exiting the Kurdistan region in Iraq and focus on oilfields in Nigeria as it embarks on a restructuring programme, Chief Executive Alan Linn said.
April 30 - Beleaguered oil producer Afren Plc said it had secured $255 million from its bondholders and was in talks for a wider recapitalisation plan to be completed by the end of July.
April 30 - Beleaguered oil producer Afren Plc swung to a full-year loss, hurt by a $1.1 billion impairment charge due to a fall in oil prices and a $900 million write-off on its Barda Rash reserves in the Iraqi Kurdistan region.
April 7 - Afren Plc said its board had agreed in principle to appoint Alan Linn as chief executive, ending months of uncertainty around the oil and gas producer's top job.
April 1 - Oil producer Afren Plc said it expects to finalise a $200 million interim funding deal with its bondholders and name a chief executive "imminently".
* Current investors to hold 11 pct stake post recapitalisation
** Afren Plc's shares fall as much as 26 pct & top pct loser on FTSE 250, after the indebted oil producer says existing shareholders to hold only about 11 percent stake post recapitalisation
March 13 - Oil producer Afren Plc said it has reached in-principle agreement to address short and longer-term funding needs and recapitalise its capital structure.
- Founder of oil producer Afren Plc , Ethelbert Cooper, is planning to change the company's capital structure with a new partnership involving a consortium of Chinese investors, the Financial Times reported.
March 5 - Founder of oil producer Afren Plc , Ethelbert Cooper, is planning to change the company's capital structure with a new partnership involving a consortium of Chinese investors, the Financial Times reported.