IN BRIEF: Kibo Energy at "advanced" stage to assess potential projects

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it it is at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM from Monday as it hasn't met the six month deadline for this. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage.

Stock price in Johannesburg: 0.01 rand cents

12-month change: flat

By Artwell Dlamini, Alliance News reporter

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Kibo Energy