Kinetiko Energy strengthens position in gas-hungry South Africa by securing 100% of near-term production Amersfoot Project
The respective boards and major shareholders of both Badimo and KKO are supportive of the acquisition, with Badimo representatives and experienced South African energy and gas directors Donald Ncube and Robert Bulder to join the board. The acquisition de-risks the development of the South African projects and brings together all the experience and expertise of the historic JV parties.
Kinetiko Energy Ltd (ASX:KKO) has surged on strengthening its position in gas-hungry South Africa by securing 100% of the Amersfoot Project, a near-term commercial production asset.