WEST PERTH, Australia, Jan. 29, 2009 (GLOBE NEWSWIRE) -- Dr. Charles Frazer Tabeart, Managing Director of African Energy Resources Limited (ASX:AFR), discusses the progress of their current joint venture projects and their political climates.
During the interview Dr. Tabeart talks about his vision for African Energy Limited's future. He states, "In two years' time we would hope to join the ranks of uranium producers in the world and then to be consolidating that over the next four to five year period. I think one of the key outcomes from that is that while the scale of the project we're looking at here is quite small it certainly has the ability to deliver a very robust cash flow over a five to six year project life."
To listen to the audio broadcast or for more information about this interview please visit http://www.marketheadquarters.net/profile-page.aspx?pid=93.
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African Energy Resources Limited:
African Energy is an exploration and development company with projects in southern Africa. The Company is currently engaged in feasibility studies and development plans for a number of uranium deposits in southern Zambia, with the objective of completing these studies in 2009 and commencing development of the projects in early 2010. Exploration for uranium is also continuing on the Company's large holdings of tenements and joint venture projects in Zambia, Botswana and Malawi. The Company has an experienced Board of Directors and management team who have been associated with successful exploration projects and mining developments in Zambia, as well as large scale uranium mining operations in Australia. For more information please visit http://www.africanenergyresources.com/index.html.
Cautionary Statement:
Excluding historical information enclosed in this document and other documents released by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they use words such as "anticipates," "believes," "estimates," "plans," "expects," "intends," "projects," "should," "will" and words of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to materially differ from the potential results discussed in the "forward-looking statements." Some risk factors are known and some are not. Amongst the known factors that could cause actual results and outcomes to differ materially from those contained in such "forward-looking statements" can be identified from the reports filed by the company with Securities and Exchange Commission. Consequently, Market Headquarters cautions you to place undue reliance on any forward looking statements in this announcement. Market Headquarters assumes no obligation to update any "forward looking" statements that it may make.