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Monday, 12 January 2015

Afren says no proven or probable reserves at Iraqi Kurdistan oilfield


12 January 2015, London - Afren Plc said there were no proven or probable reserves at its Barda Rash oilfield in Iraqi Kurdistan, denting its chances of fetching a good price for the asset to refinance its debt. Afren shares slumped 28 percent as Monday’s announcement further shook investor confidence in the company hit by […] More »

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