Kibo Energy #KIBO – Update re Reorganisation of Botswana Interests December 6, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update regarding its agreement with Shumba Energy Ltd (‘Shumba’) that significantly repositions its interests in Botswana, namely the Mabesekwa Coal Independent Power Project (“MCIPP”) and associated coal asset (see announcement dated 25 September 2019). Overview ·     Signed first of a series of agreements to implement the Heads of Agreement (‘HoA’) with Shumba to reorganise the arrangements for the MCIPP and its associated…

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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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