Kinetiko Energy: an imminent gas producer at the heart of energy-hungry South Africa
- Kinetiko Energy prepares 3-well drilling program to advance ‘elephant-scale’ gas resource in South Africa
- Kinetiko Energy doubles down ahead of three-well drilling program at South African Gas Project
- Kinetiko Energy gearing up for 3-well drilling program at Amersfoort
Quick facts: Kinetiko Energy Ltd
Price: 0.1 AUD
Market Cap: $61.67 m
About the company
Kinetiko Energy Ltd (ASX:KKO) is in the energy exploration business, solely focused on sandstone gas and coal bed methane exploration and commercialisation in South Africa.
The company has an extensive exploration area, of which about 7,000 square kilometres is granted and being explored.
Kinetiko’s flagship near-production Amersfoort Project and adjacent exploration rights are held through a South African joint venture company Afro Energy (Pty) Ltd in which Kinetiko holds a 49% economic interest and a 50% controlling interest.
How it is doing
The drilling is within 400 metres of Kinetiko’s proposed gas collection terminal at Amersfoort where access and infrastructure is in place.
Kinetiko’s aim is to develop the ‘elephant-scale’ 4.9Tcf (trillion cubic feet) prospective gas resource over known coal sequences in the proven and highly prospective Permian Age Coal Fields.
Kinetiko Energy Ltd (ASX:KKO) welcomes the grant of a new consolidated Exploration Right ER271 by the South African Government covering three previous Exploration Rights and totalling 1,287 square kilometres for its flagship Amersfoort Gas Project.
This consolidation was sought by the company in a bid to expedite and streamline the application for Production Rights over the entire Amersfoort region.
Kinetiko Energy Ltd (ASX:KKO) has continued to advance the development and operational activities at its Amersfoort Project and adjacent exploration rights in South Africa during the June 2021 quarter.
The activities are conducted through Afro Energy, a company jointly owned by Kinetiko (49%) and Badimo Gas (51%) of South Africa.
Insight: Kinetiko Energy doubles down ahead of three-well drilling program at South...
The new well suite will neighbour two pilot production wells at Amersfoort and be drilled just 400 metres from the energy stock’s proposed gas collection terminal, where access and infrastructure are already in place.
What management says
Kinetiko Energy Ltd (ASX:KKO)'s Adam Sierakowski tells Proactive they're in the process of negotiations with drilling contractors to undertake the upcoming 3-well drilling program at its flagship Amersfoort Project in South Africa. The drilling is within 400 metres of Kinetiko’s proposed gas collection terminal at Amersfoort where access and infrastructure is in place.
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