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Slide #99. QED Connect, Inc. — AFON 2010 Ltd.
QED Connect, Inc. (QEDN)
AFON 2010 Ltd.
ED Connect, Inc. announced that it has entered into a definitive agreement to acquire AFON 2010 Ltd., a Ukraine-based oil and gas company with concessions to oil and gas leases in southern Ukraine. Western Ukrainian Geophysical Prospecting Expedition, an independent oil and gas consulting firm, performed a survey in 2002 on AFON 2010's leases and determined that the company's leases have the potential to produce 119,000,000 barrels of oil.