May 7 (Reuters) - Kinetiko Energy Ltd KKO.AX :
* KINETIKO ACQUIRES 100% OF SOUTH AFRICAN GAS PROJECT-KKO.AX
* CONSIDERATION TO ACQUIRE IS ISSUE 595.6 MILLION KKO SHARES
May 7 (Reuters) - Kinetiko Energy Ltd KKO.AX :
* KINETIKO ACQUIRES 100% OF SOUTH AFRICAN GAS PROJECT-KKO.AX
* CONSIDERATION TO ACQUIRE IS ISSUE 595.6 MILLION KKO SHARES