developing gas field

Kinetiko Energy

04/04/2022 06:35

** Shares of the natural gas explorer  KKO.AX  rise as much
as 9.8% to A$0.09 - set for best session since March 16, if
gains hold
    ** Co says unit Afro Energy entered into joint development
agreement with Industrial Corporation of South Africa (IDC), a
unit of South African government  urn:newsml:reuters.com:*:nASX6Y7HRP
    ** Agreement to co-develop gas production field estimated to
have up to 20 wells
    ** Says IDC has first right to participate up to 45% of the
next 80 wells developed by Afro Energy 
    ** Stock had fallen 10.9% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))