Kibo Energy (KIBO)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.22p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.90
  • 52 Week Low: 0.18
  • Currency: UK Pounds
  • Shares Issued: 1,294.49m
  • Volume: 2,787,948
  • Market Cap: £2.78m

Kibo Energy makes progress on Bordersley gas power plant

By Josh White

Date: Tuesday 10 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Africa-focussed Kibo Energy updated the market on its wholly-owned subsidiary Bordersley Power on Tuesday, which is developing a 5 MW gas-fuelled power generation plant in the UK in cooperation with its 60% owned subsidiary, and manager and operator of Bordersley, MAST Energy Developments (MED).
The AIM-traded firm reported "good progress" towards de-risking the plant, which remained on target for commercial commissioning at the end of the first quarter of 2020.

It said several milestones had been achieved by the Bordersley working and steering committee, which included MED and its joint development partner AB Impianti.

The committee had agreed the site work scope, an advanced engineering, procurement, and construction solution, and advanced an associated financing agreement for Bordersley's construction and commissioning.

A further payment of 10,000,000 shares would be made to Bordersley's original MED vendors, the board added.

"The MED/AB partnership is working well and making excellent headway towards hitting the end of the first quarter 2020 target to commission our 100% owned 5 MW gas-fuelled power generation plant at Bordersley," said chief executive officer Louis Coetzee.

"This progress is reflective of similar advances being made across our portfolio; we are now well positioned to bring several projects to fruition during 2020."

At 1028 GMT, shares in Kibo Energy were down 5.76% at 0.4p.

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Kibo Energy Market Data

Currency UK Pounds
Share Price 0.22p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.90
52 Week Low 0.18
Volume 2,787,948
Shares Issued 1,294.49m
Market Cap £2.78m

Kibo Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.91% above the market average49.91% above the market average49.91% above the market average49.91% above the market average49.91% above the market average
60.34% above the sector average60.34% above the sector average60.34% above the sector average60.34% above the sector average60.34% above the sector average
Price Trend
95.19% below the market average95.19% below the market average95.19% below the market average95.19% below the market average95.19% below the market average
96.72% below the sector average96.72% below the sector average96.72% below the sector average96.72% below the sector average96.72% below the sector average
Income Not Available
Growth Not Available

Kibo Energy Dividends

No dividends found

Trades for 03-Jul-2020

Time Volume / Share Price
14:57 230,520 @ 0.22p
14:48 450,771 @ 0.22p
14:22 39,129 @ 0.18p
11:19 311,179 @ 0.22p
10:28 200,000 @ 0.22p

Kibo Energy Key Personnel

CEO Andrew Lianos

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