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Molopo Energy shareholder questions US oil and gas deal

ASX-listed Keybridge Capital has launched legal action in the Supreme Court of Western Australia to gain access to information regarding Molopo Energy’s proposed acquisition of a US oil and gas project.

Keybridge, which holds an 18.478% interest in Molopo, said on Monday that the company had “serious concerns” regarding the affairs of Molopo, and the conduct of the current board of directors.