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BUZZ-Afren: Up on increased debt funding

Reuters - UK Focus

** Beleaguered oil producer up 5 pct, top gainer on the FTSE All-Share Oil & Gas Index, after securing $369 mln in debt

** Co, which is in the process of recapitalising itself, said agreement with noteholders would result in additional net cash of $93 mln

** Half of co's daily avg volume has gone through in the first 20 minutes of trade

** Afren (LSE: AFR.L - news) 's shares have lost 93 pct in the year to Thursday's close (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)