Kibo Energy (KIBO) – Proactive Investors Interview Q&A September 30, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to release this Q&A, which summarises Proactive Investors’ interview with Kibo CEO Louis Coetzee regarding the reorganisation of the Company’s Botswanan Mabesekwa Coal Independent Power Project (‘MCIPP’) announced on 25 September 2019.   Could you explain the reorganization of the MCIPP, announced on 25 September 2019? The Company has an 85% interest in a 303 million tonne (‘Mt’) coal resource in Botswana.  On completion of the agreement, it will hold a 35-40% interest…

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Kibo Energy (KIBO) Reorganization of the Mabesekwa Coal Independent Power Project Arrangements (“MCIPP”) September 25, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that is has signed a binding Heads of Agreement (‘the Agreement’) with Shumba Energy Ltd (‘Shumba’) and various subsidiaries of each party (‘the Parties’) to reorganise the arrangements for  the MCIPP and its associated coal asset in Botswana. Kibo and Shumba hold 85% and 15% interests respectively in Kibo Energy Botswana (Pty) Ltd (“KEB”), the company currently holding the MCIPP which consists…

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