30th Sep 2014 16:58
Update on Independent Review
London, 30 September 2014
Afren plc ("Afren" or the "Company") provides the following update to the market regarding the independent review being conducted by Willkie Farr & Gallagher (UK) LLP ("WFG").
WFG's review continues to be thorough and is progressing well but has not yet been completed. The Board now expects WFG to provide a detailed report to the Board by mid October. WFG has identified no evidence during the course of the expanded review of further unauthorised payments and the Board remains of the view that the assets and operational position of the Company have not been negatively affected.
The Company continues to keep the FCA informed of the progress of the investigation.
For further information contact: | |||
Gavin Davis Henry Lerwill
Bell Pottinger (+44 20 7861 3232)
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Simon Hawkins Group Head of Investor Relations
Afren plc (+44 20 7864 3700) |
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Notes to Editors
Afren is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of assets spanning the full cycle E&P value chain. Afren is currently producing from its assets in Nigeria and holds further interests in the Kurdistan region of Iraq, Ghana, Côte d'Ivoire, Congo Brazzaville, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa. For more information please refer to www.afren.com.
Related Shares:
AFR.L