Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it continues to advance the development of all of its projects and remains confident of meeting deadlines set for 2023. "That said, resolving the creation of new authorities is of an increasing concern as this materially affects the company's ability to secure project funding and debt financing at project level, which will inevitably impact on reaching financial close for the various projects at the set target dates," says Chief Executive Louis Coetzee.
Current stock price in Johannesburg: ZAR0.03, unchanged on Thursday
12-month change: down 50%
Stock price close in London: 0.095 pence
12-month change: down 44%
By Sophie Rose, Alliance News reporter
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Kibo Energy (KIBO)