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Additional Information
Market: ASX 200
Sector: Aerospace
Epic: ASX200
News: Latest news
Web Site: Australia Market Wrap
Other Articles: 18-03-201018-03-201017-03-2010

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Tuesday, February 09, 2010

Global Iron acquires African Petroleum in $500 million deal

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Australian-listed Global Iron (ASX: GFE) has entered into a ‘company transforming’ transaction to acquire private company APCL, which will own the rights to two highly prospective oil and gas exploration blocks located in offshore Liberia, West Africa in a deal valued at approximately A$500 million.

On completion, APCL will have the rights to two highly prospective oil and gas exploration blocks off the coast of Liberia, West Africa, covering a total licence area of approximately 7,200km2.

Independent oil and gas specialist consultant, IHS Global, has determined that the Liberian blocks have potential for combined un-risked total P50 recoverable prospective resources 1875 million barrels with a range of 945 to 3043 million barrels.

The Agreement is conditional on Global completing a placement of shares to raise not less than A$130 million and up to A$230 million.

Global will change its name to African Petroleum Corporation Limited on obtaining the necessary shareholder approvals.

 

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