The newly minted and well-funded Kinetiko Energy (ASX: KKO) continues to look towards expanding the company's footprint in the Amersfoort area of the Eastern Transvaal in South Africa - with the second successful land application in as many weeks.
The Petroleum Agency of South Africa (PASA) has accepted Kinetiko's second Technical Commercial Permit application which covers 1,458 square kilometres of prospective land.
This application follows the successful application for Technical Commercial Permit Area 1 to capture prospective Coal Bed Methane structures adjacent to the Amersfoort project.
If granted, the permit entitles the holder the exclusive right to apply for and be granted an Exploration Right for the same area.
These applications have the potential to add to the company's existing operations, which includes a joint venture with local partner Badimo, which has previously received approval from PASA.
The joint venture is aiming to commercialise coal bed methane exploration rights in the Amersfoort area, which is one of the biggest and geologically well understood within the country.
Diamond core drilling will kick off later this month and is forecast to be completed early December, with the company having the option to add a second diamond rig to expedite the drilling program.
The project is strategically located close to the major population and manufacturing centre of Johannesburg, and is surrounded by a major portion of the country's energy generation infrastructure and the coal and gas to liquid fuels industry.
Boosting the prospectivity of the area, the historic underground colliery operations are 10 kilometres from the town of Amersfoort which has indicated gas contents and coal seam conditions.