- Kibo Energy said subsidiary Mast Energy Developments has secured an exclusive option to undertake due diligence on the potential acquisition of three peaking power sites totalling 31.3 megawatts.

The sites were being offered by a 'prospective developer' and the option was secured for a nominal fee, Kibo said.

Mast, of which Kibo owns 60%, has until 31 Januaryto complete its due diligence on the first site and until 15 February on the other two.

'Kibo believes that, subject to due diligence outcomes, these sites may have the potential to lead to revenue generation for Kibo during the latter part of 2019,' the company added.

At 1:45pm: [LON:KIBO] Kibo Mining share price was +0.1p at 2.1p

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