April 5 (Reuters) - Kinetiko Energy Ltd (KKO) :
- INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA ADVANCED FIRST FUNDS TOWARDS CO'S JV WITH AFRO ENERGY
- APPROVALS ARE IN PLACE FOR JOINT VENTURE AND FIELD COMMENCEMENT ANTICIPATED IN LATE 2023
- JV WITH AFRO ENERGY TO DEVELOP GAS FIELDS TO PRODUCE GAS FOR INDUSTRIAL, COMMERCIAL, TRANSPORTATION OR POWER GENERATION APPLICATIONS
- IDC ADVANCED R16.3 MILLION AS PART OF R70 MILLION COMMITMENT INTO JOINT VENTURE WITH AFRO ENERGY
- IDC HAS FIRST RIGHT TO PARTICIPATE UP TO 45% OF NEXT 60 WELLS DEVELOPED BY AFRO ENERGY
