Good Evening Viewers.
There was movement in the market
for the word had passed around
that the colt called GFE had got away....
Some may remember me writing (stealing)
a little bit from Banjo patterson
several weeks ago.
WELL !
The good news is its OIL!
After so long not doing too much,
Global Iron has come alive!
The full news is found on the
GFE / ASX announcements.
It's always best to read the report
Yourselves, but in summary...
GFE (19.59%) owned by CFE.
Capital raising of $130 - $230 Million.
GFE to aquire....
African Petroleum Corp. Ltd. (APCL)
GFE will change name to APCL.
APCL will have the rights to Two highly
prospective oil & gas blocks off the coast of
West Africa. (Licence area of 7200 km2).
Aquisition valued at around $500 Million.
Independant consultants determined un-risked
total P50 recoverable resource 1875 million
barrels.
So, with what CFE have learnt recently getting
IGC sorted out.
(Dealing with ASIC, ASX ,New Prospectus,
also getting aprovals to drill for
oil in Kazahkstan).
This should all be very good.
Thanks For Your Time.
PJN
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