Afren takes hit in third quarter

Caitlin Morrison
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SHARES were down by 15.6 per cent yesterday at Afren, as the oil group reported reduced production.

The firm delivered average net production of 31,147 barrels of oil per day (bopd) in the nine months to September 2014, below full-year guidance range of between 32,000 to 36,000 bopd.

Afren sacked its chief executive earlier this month after an external review found he had been receiving unauthorised payments.

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