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News: KKO Kinetiko Energy Says Term Sheet Executed With IDC

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    22/08/23
    18:10
    Post #: 69485074

    Aug 22 (Reuters) - Kinetiko Energy Ltd (KKO) :

    • TERM SHEET EXECUTED WITH IDC TO DEVELOP SOUTH AFRICA'S LARGEST ONSHORE LNG PROJECT
    • AGREEMENT FOR APPRAISAL & PRODUCTION OF LNG TO DELIVER 50MW GROWING TO 500MW GAS EQUIVALENT ENERGY
    • AFRO ENERGY (PTY) LTD EXECUTED A NON-BINDING TERM SHEET WITH INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA
    • FIRST STAGE 50MW EQUIVALENT PROJECT ESTIMATED TO COST ABOUT A$138M
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