OREANDA-NEWS. August 12, 2015. As announced on 31 July 2015, the Board of Afren Plc (the 'Company', in Administration) appointed Simon Appell, Daniel Imison and Catherine Williamson of AlixPartners as administrators.? No other company within the Afren Group has appointed administrators or taken any other step to commence insolvency proceedings.

The Company and the administrators are now working closely with Afren's joint venture partners with a view to ensuring the continued functioning of its various operating businesses.

As part of this exercise the administrators are currently undertaking a review of all the assets within the Group and have appointed The Blackstone Group International Partners LLP ("Blackstone") as financial advisors. Any parties interested in participating in potential asset sales arising from this exercise should contact Blackstone on the following details: