All Fuels & Energy Company (AFSE.OB) Reports Potential Merger
All Fuels & Energy Company rose more than 12% in trading today after announcing that it has completed an engineering assessment on a potential acquisition. An assessment is the first step in evaluating the funding and operational requirements of a merger candidate. Now that it has been completed the company will thoroughly evaluate this assessment and potentially make a formal offer in the near future. All Fuels & Energy's pursuit of this acquisition is in line with the company's business plan for acquiring and building 500 million gallons of annual ethanol production. All Fuel & Energy, is still a developmental…