Kinetiko aims to get moving again

SOUTH African gas chaser Kinetiko Energy remains confident its Amersfoort gas project is a commercial proposition despite a series of delays that have stopped further appraisal work, and it has flagged a new capital raising to help it escape its becalmed status.

Kinetiko, which owns 49% of joint venture company Afro Energy, says the Industrial Development Corporation of South Africa remains committed to the project after an eight month technical, financial,