As of September 2016, Afren had gone to insolvency. You might be one of the unsuspecting investors who had spent your entire pension on the company.
What next? What should I do? Is there any reprieve for me?
These might be some of the questions you may be asking yourself.
Many investors who thought they had lost their money in similar SIPPs (Self-Invested Personal Pension) have come to us with the same problems and left a very happy lot.
Who are we and what did we do to make them happy?
We are the number one claims company known as ClaimsExperts.co.uk who help investors like you recover their hard earned cash after investing in SIPPs through mis-selling. We restore your confidence, self-esteem and bank balance by making sure that we fight hard until you receive your money.
What is AfrenPLC
Afren PLC was founded in the U.K in December of 2004. The key business of the company was finding untapped oil and gas reserves in Africa (Nigeria and the larger West African nations and South Africa)and Iraq.
Once it established the viability of the reserves, it would go ahead and start drilling the oil and extracting the gas.The company even traded on the London Stock Exchange.
What Changed?
What lead to the company’s liquidation is well explained in the Administrators Proposal. However, highlighted below are some of the factors in brief?
Oil and gas become expensive for the end consumer to use due to a number of economic factors well beyond the control of the company.Additionally, there was a sharp drop in crude oil prices towards the end of 2014 which meant the company could not meet its operational costs. During this time, of acute price drops, the company faced many managerial difficulties which affected the company’s operations.
During this time of financial difficulty, it was discovered that there were massive irregularities in the company involving two of the directors. The CEO and the COO were dismissed and faced legal charges that were brought against them.
As of December 2014, the company announced that it had lost $1,995 before tax-this is when the red flag started showing. This huge loss was an indication that it was not business as usual in the company. To prove the rumours right, in 2017, the CEO and COO were found guilty by the Serious Crimes Unit of money laundering.
Why Come To ClaimsExperts.co.uk?
You can trust us to get to the bottom of your claims case if we establish that you were mis-sold the Afren oil investment. At ClaimsExperts.co.uk, we will do the initial assessment to verify your case –we do this free of charge.
Based on the merit of your case, we shall go ahead and represent you against your financial adviser or broker. Please reach us on 0800 0155 687 or fill out the no obligation inquiry form and we will get back to you soonest possible.
While undertaking your case, we shall check if your financial advisor misinformed you, if they conducted themselves in an unprofessional manner and so on. In other words, we are thorough and we leave no stone unturned.
We treat our customers with utmost respect because we understand that you were misinformed and that is why you made the mistake- it was no fault of yours. Therefore, if you invested in the Afren PLCSIPP (Self-invested Personal Program), we are very much interested to talk with you. We believe we can help you since we are the best claims expert.
How to contact us
You can make a claim against your investment advisor or broker through ClaimsExperts.co.uk. You can reach us on our phone number 0800 0155 687 any time of the day or night or by filling out the no obligation inquiry form. We shall get back to you as soon as possible.
It Does Not Matter How You Invested In Afren Plc, We Are Here For You
You might have invested in Afren through a SIPP, or a through a collection of investment or through a fund, whichever way you invested, we have got you covered. All you have to do is fill the no obligation inquiry formand we shall do an initial assessment- free of charge. What’s more, you pay us after we have filed a case and you are refunded.