KKO kinetiko energy ltd
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April 5 (Reuters) - Kinetiko Energy Ltd (KKO) : INDUSTRIAL...

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    05/04/23
    08:55
    Post #: 67140061

    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
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