Brief: Kinetiko Energy Says Term Sheet Executed With IDC

Kinetiko Energy

22/08/2023 09:06

Aug 22 (Reuters) - Kinetiko Energy Ltd  KKO.AX :
    * 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

Source text for Eikon:  ID:nASX5GqVTl 
Further company coverage:  KKO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))