Agriterra's strategy is to become one of the largest agri-operators and leading food providers in Africa.

The Company is focussed on agricultural investment and sustainable development in Africa, providing high quality produce whilst simultaneously improving the livelihoods of small holder farmers by improving access to markets.

The Company currently has four main divisions: beef ranching; maize processing and farming; cocoa buying and trading; and palm oil plantations. Has built strong brands in its countries of operation, and the Board intends to use these foundations to further grow and diversify its product range in order to gain further market share of the agricultural sector in Africa.

The Company's directors have a wealth of experience operating in Africa, and this experience and the directors' networks of contacts will be fully utilised to fuel the Company's rapid growth.

Latest Developments:

The Africa-focused agricultural business is selling its legacy 20 per cent stake in the South Omo oil block in Ethiopia for up to US$50 million.... Buyer Marathon Oil will pay US$40 million on completion of the transaction, which requires sign-off from the authorities and a waiver agreement from project partners Tullow Oil and Africa Oil.It will get the final US$10 million following a commercial oil discovery.

The company will also receive US$18 million (£11 million) from the sale of its South Sudan oil asset. The cash from these asset sales represent around 4p per share in cash terms and provides a soild platform to grow its rapidly expanding Agri business in africa.It currently has four key divisions: cattle ranching, maize farming and milling, cocoa trading and palm oil.

Company Website Latest News:

http://www.agriterra-ltd.com/news.aspx

glen i also found this on moneyweek today,they are mentioned at near end of the
text.The article covers commodities and they think agriterra is a good sector
play.

http://www.moneyweek.com/investments/commodities/soft-commodities/merryn-somerset-webb-the-best-way-to-play-rising-food-prices-61100

Thanks jazz,a very interesting read and shows the huge potential here for sure

Glen Howarth,very interesting thread and company...i may have a cheeky punt on this

bob,they could be releasing their results tomorrow and could be good,also you
may like to know that after some recent oil block sales they have or will have
when funds received around 5p-6p in base cash and asset values (leaving aside
any value of actual business ) that is why i put a chunky sum in here :-)

Could easily be 10p -12p before end of year IMO

glen i found this on another bb earlier in regard to agta,s cash and asset position



Sale of South Omo Block - $40m + $10m bonus on oil discovery

Sale of South Sudan - $17m

Total $40m + $17m = $57m + $10m bonus if oil found ( $67m )

According to the FT, the company had cash and assets before this of $45m

So $57m + $45m = $102m dollars (just base value of the company ) plus an additional $10m bonus would make $112m. This is just cash and known assets and does not include any value for their new Agri Business.

Results due from 24th October