Company
Kinetiko Energy Ltd
ASX:KKO
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.
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Kinetiko Energy spuds first core well at Southern Exploration Right 270 in energy-hungry South Africa
“The proximate location of our southernmost boreholes to the steel-smelting and manufacturing centre of Newcastle could mean a simplified logistical solution to get the gas to an increasingly hungry market,” said CEO Nick de Blocq.
Kinetiko sets its sights on southern Amersfoort gas well after completing key core hole
The company's next core well — 270-06C — is ready for spudding in the far south, where the well’s deeper basement broadens the potential for thicker gassy zones.
Kinetiko Energy receives valuation of A$0.24 per share in MST Access initiation report
“KKO is in the enviable position of being part of both a short and long-term, lower-carbon solution to SA’s energy needs,” said the analyst
Kinetiko encounters “significant gassy zones” in core drilling at South African project
It’s still early days, but the findings so far indicate 271-23C could go much deeper than the company’s Korhaan wells.
FIVE at FIVE AU: Recession fears ferment; US Fed likely to hike rates again
“Growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months. Many countries are already in or on the brink of outright recession amid heightened uncertainty and risin
Kinetiko solidifies relationship with South African strategic investor in A$5 million raise
The cash injection will accelerate exploration and grow gas resources as Kinetiko works to provide a major energy solution for South Africa.
Kinetiko Energy spuds well near South African power station awaiting new fuel source
"This drilling campaign forms part of our response to the very positive narrative from both the South African President and the CEO of Eskom regarding the need for domestic South African gas,” said KKO CEO Nick de Blocq.
Kinetiko Energy mobilises to new core hole near Majuba Power Plant in gas-hungry South Africa
“The recent government initiative of creating a new power supply company has brought three ex-coal fired power stations into play, which will be re-engineered to become gas fired,” said CEO Nick de Blocq.
Kinetiko Energy advances its vision to deliver South Africa’s largest gas field
Kinetiko’s Amersfoort Gas-to-Power Project is set to kick off following Korhaan project drilling success and licence approval.
Kinetiko Energy to kick off Amersfoort gas-to-power project in South Africa
The program entails using existing wells at Amersfoort to produce gas to an in-field, containerised generator linked to the existing grid running through the farmlands.
Kinetiko Energy delivers strong gas flows from Korhaan Well 4 in South Africa
“The success of the Korhaan drilling program has provided enormous confidence of the capacity of the company’s vast gassy compartment targets to host thousands of future gas production wells,” says chairman Adam Sierakowski
Kinetiko Energy achieves significant gas flows from Korhaan Well 3 in South Africa
“The company is focused over the next three months on achieving major milestones by securing our first domestic gas customers and booking maiden gas reserves certification,” says chairman.
Kinetiko directors back aggressive exploration strategy in latest entitlement offer
All directors subscribed for a majority of their entitlement in the offer, which raised $1.7 million.
Kinetiko Energy upgraded by K1 Capital as strong news flow continues
Kinetiko is a gas exploration company targeting South Africa’s growing unmet energy demand, with 4.9 tcf of 2C contingent resources with further exploration potential.
Kinetiko Energy secures South African strategic investor and launches rights issue for total of A$4.1 million
The raise comes after Kinetiko executed agreements with South Africa’s Industrial Development Corporation to co-develop a gas production field, expected to comprise up to 20 wells.
Kinetiko Energy moves closer to South African production with government to co-invest in gas field development
“Kinetiko’s vision of becoming a major player in South African onshore gas production has today taken a significant step forward with agreements being finalised with the IDC, a leading national development finance institution, to co-invest