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years news from Tullow.. http://www.newsdire.com/news/1284-tullow-oil-to-explore-the-omo-valley-in-ethiopia.html From small acorns, etc.......
more old news from 2010... http://www.ethiopianreporter.com/english/index.php?option=com_content&view=article&id=1012:falcon-petroleum-sells-its-concessions-in-ethiopia&catid=98:news&Itemid=511 and off radar....!!
this is looking very interesting. From Africa Oil.. http://www.africaoilcorp.com/s/Ethiopia.asp?ReportID=352253 TLW farm in!
Think this has put AGTA on the radar of quiet a few,,,:-)
Agriterra Chairman Phil Edmonds said, "This is a significant step towards accelerating exploration on the South Omo Block, which will be guided by a leading E&P company with extensive practical experience of operating in Africa. Tullow has an exceptional technical and operational track record, with an excellent success rate in regard to exploration. This expertise has been demonstrated by Tullow's successful development of its Ghanaian and Ugandan blocks, and I believe that this experience, which includes expertise in the East African Rift Basin, presents Tullow as an extremely attractive operator to drive exploration on the concession. "Exploration programmes on the South Omo block will be funded by Tullow and Africa Oil, as per our original farm-out agreement with Africa Oil, which included sufficient credits from Africa Oil to Agriterra to take the Concession through to drilling. The exploration programme, which has been approved by the Ministry of Mines and Energy in Ethiopia, will commence shortly. "Should a discovery be made on the block, then Agriterra's 20% interest in South Omo could prove to be very lucrative for the Company's shareholders and we look forward to future announcements regarding the South Omo concession."
Tullow involved...... With such a small m/c....... http://moneyam.uk-wire.com/Article.aspx?id=201103070700123769C
As expected excellent trading results surprised sp as not increased, net assets were worth 4p per share without taking into consideration massive spending on farmland and buildings in period which probably means assets totally undervalued. Maize operations now contributing to produce at a profit.
Agriterra Director Andrew Groves said, "This is a fantastic complementary opportunity for Agriterra to expand its activities and utilise its African focussed agricultural, logistics and project management experience to capitalise on the soft and hard commodity resource boom in West Africa. There remain huge global concerns regarding food security which are prompting significant investment in West African agriculture, particularly in palm oil, cocoa, rice, maize and livestock. This, in tandem with the dramatic increase in the development of mineral resources, particularly iron ore and bauxite, means there is a crucial need to expand the export capacity of the Port of Conakry, which is recognised as a gateway and staging post to interior West African countries including Mali, Burkina Faso and Niger. Guinea has recently concluded a peaceful democratic election and, as a result, is building its profile as an investment destination. The expansion of the Port will aid the development of Guinea as a regional hub and we plan to work with international partners to ensure that the development is delivered to the benefit of all interested parties. "We will continue to develop our Mozambican grain processing and cattle ranching businesses which are growing rapidly and gaining market share in the region. This opportunity in Guinea provides us with access into the complementary agricultural logistics sector, which will provide us with additional traction as we build Agriterra as a vertically integrated agricultural and associated logistics group across sub-Saharan Africa."
Agriterra Ltd, the AIM listed company focussed on the agricultural sector in central and southern Africa, is pleased to announce that its wholly owned subsidiary, Agriterra Guinée SA ('AGSA') has signed a Concession Agreement with Port Autonome de Conakry (the Autonomous Port of Conakry, 'PAC') for the construction and operation of a 30 hectare industrial and commercial terminal in the East Zone of the Port of Conakry in Guinea ('the Port'). The 20 year Concession Agreement ('the Concession Agreement'), which may be renewed by agreement between the parties after its initial term, is part of the Company's strategy of expanding its operational activities within the agricultural and logistics business in Africa.
http://www.investegate.co.uk/Article.aspx?id=201102230700106808B
lp 4.05 - 4.1p
the sp here as slowly getting back to reality. the company continues to grow & its time the sp reflects that!
Today or tomorrow?
Hope you've got the name of that reporter,,,,pretty serious stuff you posted on Tuesday !
looks good the other week
SP moving up steadily. lp 3.72 - 3.85p
Posting history 3 posts and 2 posts all negative against Agriterra, whats your agenda here:?
Sounds like the bitter ramblings of the ex Compagri manager who was fired last year. Will try to contact AGTA for comment
I have been looking at Directors for a couple of years, they are always involved in some or other shady matter why would it be different with AGTA? if its not giving shareholder money to mugabe then its carting maize for "free" from the AGTA group in Mozambique and delivered to mobs beating up innocent citizens and farmers, if you in for the short term buy and sell and get out!
Reporter returning from Tete says Compagri facility built with management knowledge, on mining license of Rio Tinto(Riversdale) , so has to be removed and who will foot the bill? Reporter says Country director bought himself a property right next to Compagri facility and is trying to get a deal from mining giant(She has a copy of land documents ). Reporter is looking at rumor that diamonds from eastern Zimbabwe are being smuggled/transported by senior management of AGTA on executive planes,through Mozambique, to be sold elsewhere on behalf of Mugabe and funds cleaned through the AGTA facilities? Given Management overwhelming support to the brutal Mugabe dictatorship, maybe they would like to give a statement to that effect? Is it really profit? or washed money derived from Mugabe.
lp 3.65 - 3.7p.
Moving up steadily. lp 3.45 - 3.54p
yes, this is very undervalued at present but the volumes seem to be slowly increasing so we may see a decent move north in the sp soon. top up soon if you want to enjoy the ride!