OPERATIONS

Kinetiko climbs 42% on onshore African LNG deal

THE share price of onshore South Africa gas developer Kinetiko Energy jumped 42% after the company emerged from a trading halt to reveal its partly-owned subsidiary Afro Energy has signed a deal to develop a new LNG project.

Colin Hay

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Afro has inked a non-binding Term Sheet with the Industrial Development Corporation of South Africa (IDC) to co-develop a new joint venture (JV) for the appraisal and production of LNG to deliver 50MW...

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