KKO

0.61%

8.2¢ kinetiko energy ltd

Kiewiet,Ho hum. All upstream oil industry. All marketing...

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Polyh

766 Posts.

153

03/03/23

22:48

Post #: 66596169
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Originally posted by Kiewiet: ↑

Reading over the names involved with Calulo (as mentioned the FFS 52% shareholding)

Names with JVs that stand out in the below:
1. JV formed between Calulo and Total SA, called Total Renaissance
Calulo Investments and Total SA enter into an empowerment deal through
the formation of a joint venture sales and marketing company with ambitious
business development objectives. The new joint venture, Total Renaissance, is
owned 51% by Calulo Investments, and 49% by Total SA.
The joint venture took over some of Total SA’s existing activities, including sales
and marketing of fuel in some market segments, and included the operations of
African Minerals and Petroleum (AMP) a Calulo subsidiary which had a supply
agreement with Total.

1. Total BEE Deal Concluded
Total SA becomes the latest company to comply with empowerment charter for
the liquid fuels industry, which was devised by oil industry stakeholders in 2000.
The charter specifies that historically disadvantaged people/groups must own
25% of the industry within 10 years

Total South Africa Consortium (TOSACO) Fully Pays Up its
Stake in Total
Total South Africa Consortium (TOSACO), the Broad-Based Black
Economic Empowerment grouping fully pays up for its stake in Total SA
two years ahead of schedule, making it the first BBBEE consortium to
own an unencumbered stake in the local operations of an international
oil major with a presence in South Africa.

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Kiewiet,
Ho hum. All upstream oil industry. All marketing bullshit and shuffling refined downstream products around.
I spent most of my career in the downstream oil industry and I can tell you it has no synergy or relationship to the to the downstream Coal Seam Gas/Natural Gas industry in which KKO exists.

KKO needs to get involved with proven upstream players in their field.

KKO Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Kiewiet,Ho hum. All upstream oil industry. All marketing...

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Kiewiet,Ho hum. All upstream oil industry. All marketing...

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