AAE might invest into West Africa oil(WAF)and gas operator Rialto Energy Limited (RIA)given the newly appointed director Mr Whiddon. Still good prospects for AAE. Still a buy in my opinion
As previously announced, the Company has allocated part of its working capital budget to the identification and evaluation of new oil and gas investment opportunities.
In this regard the Company is actively reviewing a number of potential acquisitions and farmins, primarily in Africa and the Middle East. No decision to invest in any of the projects currently being reviewed has been made at this stage.
AAE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
