2nd Jul 2007 10:23
Afren PLC02 July 2007 Afren plc (AIM: AFR) Share Issue Afren plc ("Afren" or "the Company") announces that on 21 June 2007 it allottedconditional to admission 2,534,010 Ordinary Shares (the equivalent of GBP1.27million) to Energy Investment Holdings representing a milestone payment inrelation to the Okoro Setu Project, in compensation for securing certifiedreserves for the Company. Application for admission has been made for the shares, which is expected to beeffective on 5 July 2007. Following the share issue, the Company's outstandingissued share capital will be 267,406,563 shares. 2 July 2007 Enquiries: Afren plc +44 20 7182 1800Osman Shahenshah Chief ExecutiveEvert Jan Mulder Chief Operating OfficerGalib Virani Investor Relations Jefferies International Limited +44 20 7618 3500Toby HaywardOliver Griffiths Tristone Capital Limited +44 20 7399 2480Simon Ashby-RuddMajid Shafiq Pelham Public Relations +44 20 7743 6673James HendersonAlisdair Haythornthwaite Background information Afren (www.afren.com) was founded in December 2004 by a management teamincluding Dr Rilwanu Lukman, (Chairman), Osman Shahenshah, (Chief Executive) andBert Cooper (Advisor to the Board), with the vision to become the premier panAfrican independent Exploration and Production company. Since its listing onthe AIM market of the London Stock Exchange, Afren has rapidly expanded itsportfolio and the management team has delivered nine assets in the JointDevelopment Zone of Nigeria Sao Tome and Principe, Nigeria, Gabon, Angola andCongo Brazzaville. Afren will continue to add to its diversified portfolio of near term developmentand high impact exploration, with the overall objective of creating substantialshareholder value. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AFR.L