Africa Energy (ticker AEC, listed in Sweden) owns 10% of one of the largest gas deposits in the world.
The deposit is majority-owned and operated by the French oil Total partner.
AEC is now selling its stake in the deposit.
The stake has a three times higher value than its market cap.
The company already announced they will dividend out the proceeds to investors.
This should all happen in the next 12 months.
I spoke to the management yesterday. Minutes on my blog
The deposit is majority-owned and operated by the French oil Total partner.
AEC is now selling its stake in the deposit.
The stake has a three times higher value than its market cap.
The company already announced they will dividend out the proceeds to investors.
This should all happen in the next 12 months.
I spoke to the management yesterday. Minutes on my blog
