Afren share price timeline: What went wrong?

A torrid year for oil producer Afren came to a bitter end today when it called in the administrators, having failed to agree a new funding deal with lenders.

 

The London-listed company – which was unceremoniously turfed out of the FTSE 250 earlier this year – is one of the first casualties of oil prices, which have plummeted to below $50 per barrel this year, and are expected to fall even lower.

 

But it's not just oil prices that hit Afren – a crisis in its boardroom meant when the storm hit, it was focused elsewhere.