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Afren looks to stronger second half

First-half production disappoints for Afren, but prospects remain for significant second-half growth
September 8, 2011

Africa-focused oil producer Afren produced a disappointing first half, in which net production averaged just 13,000 barrels of oil equivalent per day (boepd). However, expectations remain for a much stronger second half that could yet haul net average production for the year up to 25,000 boepd with a significant year-end rate of 50,000 boepd.

IC TIP: Buy at 100p