AFRNY
Afren plc. ADRGrey Market
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  • Aug. 10, 2015, 4:41 AM
    • Shares in Afren (OTC:AFRNY), the embattled Africa-focused oil and gas explorer, have been delisted from the London Stock Exchange, ending a desperate battle for survival by the scandal-hit company.
    • Afren began insolvency proceedings last month dragged down by a collapsing oil price, corporate governance abuses and a mountain of debt. The company's final demise occurred after it failed to secure a refinancing agreement with lenders.
    | Aug. 10, 2015, 4:41 AM
  • Aug. 8, 2014, 7:04 AM
    • Afren (OTC:AFRNY) has suspended its operations and withdrawn all non-essential staff from its oilfield in Iraqi Kurdistan - the first field to shut in the region as Islamic State advances closer.
    • Afren's other operations in Kurdistan continue to function normally but the company said it was closely monitoring events on the ground.
    | Aug. 8, 2014, 7:04 AM