Kinetiko Energy Limited

Equities

KKO

AU000000KKO2

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 01:52:14 2024-05-23 am EDT			5-day change	1st Jan Change
0.073 ^AUD	-8.75%		-6.41%	-7.59%

May. 15	Kinetiko Energy Seeks to Raise AU$5.1 Million for Project Exploration, Development; Shares fall 7%	MT
May. 14	Kinetiko Energy Produces Power from Onshore Gas; Shares Rise 3%	MT

Kinetiko Energy welcomes government funding for South African gas field development

April 05, 2023 at 05:21 pm EDT

(via NewsDirect)

Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) CEO Nick de Blocq tells Proactive the company has received funding from the Industrial Development Corporation of South Africa (IDC), for use in the development of gas fields for industrial, commercial, transportation or power generation applications. The proposed gas field comprises about 20 wells to produce gas and IDC has a first right to participate in up to 45% of the next 60 wells. The company already has approvals in place for the JV and field commencement which is expected to begin in late 2023.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Kinetiko Energy Limited

Kinetiko Energy Seeks to Raise AU$5.1 Million for Project Exploration, Development; Shares fall 7%	May. 15	MT
Kinetiko Energy Produces Power from Onshore Gas; Shares Rise 3%	May. 13	MT
Kinetiko Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 14	CI
Kinetiko Energy Spuds Core Hole in South Africa	Mar. 07	MT
Kinetiko Energy Ltd Announces Board Changes	Nov. 27	CI
S.Africa's gas master plan ready, official says	23-10-10	RE
Kinetiko Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-29	CI
Kinetiko Energy Now Fully Owns Afro Energy	23-09-21	MT
Kinetiko Energy Limited completed the acquisition of remaining 51% stake in Afro Energy Ltd from Badimo Gas Ltd for 54.5 million.	23-09-20	CI
Kinetiko Energy Limited announced that it expects to receive AUD 6.5 million in funding	23-09-03	CI
Australia's Kinetiko Energy in talks with Sasol on gas supply deal	23-08-28	RE
Kinetiko Energy Advances Drilling at South African Gas Assets	23-07-18	MT
Kinetiko Energy Limited Approves the Appointment of ÂDonald Ncube and Â Robert Bulder as Directors	23-06-22	CI
Kinetiko Energy Begins Exploration Work at ER272 in South Africa	23-05-08	MT
Kinetiko Energy to Install Pilot Generator Set at South Africa's Amersfoort Project	23-04-20	MT
Kinetiko Energy Secures AU$1.4 Million Funding for Gas JV in South Africa	23-04-05	MT
Kinetiko Energy Hits Considerable Gas Output at South African Core Well	23-04-04	MT
Kinetiko Energy Intersects Gassy Zones in South Africa	23-03-29	MT
Kinetiko Energy Ltd. Provides the Update on its Onshore Gas Exploration and Production Development Activities	23-03-28	CI
Kinetiko Energy Spuds Core Well in South Africa	23-03-27	MT
Kinetiko Energy Ltd Provides Update on Its Significant on Shore Gas Exploration and Production Development Activities	23-03-26	CI
Kinetiko Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-15	CI
Kinetiko Energy Completes Drilling Core hole 270-03C in South Africa	23-03-13	MT
Kinetiko Energy Limited Completes Drilling of 270-03C Core Hole	23-03-13	CI
Kinetiko Energy Signs MoU for Gas Supply Deal	23-03-02	MT

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Company Profile

Kinetiko Energy Limited is an Australia-based gas explorer. The Company is focused on advanced shallow conventional gas and coal bed methane (CBM) opportunities in developing markets in Southern Africa. Its flagship project includes Amersfoort Gas Project in South Africa. The Amersfoort Gas Project is an Exploration programs conducted for the accumulations of onshore shallow gas. The Company owns maiden gas reserves and a 6Tcf 2C contingent resources and exploration area, comprising approximately 6,000 square kilometers (km2). It has exploration rights ER 270, ER 271 and ER 272 being an additional 3,577 km2 to the exploration portfolio. The Company holds 49% interest in Afro Energy (Pty) Ltd, a joint venture structured as a partnership between the Company and Badimo Gas (Pty) Ltd.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-24 - Q4 2024 Earnings Release (Projected)

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Sector Unconventional Oil & Gas Production

	1st Jan change	Capi.
KINETIKO ENERGY LIMITED	-7.59%	71.61M
CHORD ENERGY CORPORATION	+7.13%	7.41B
MEG ENERGY CORP.	+24.50%	5.84B

Unconventional Oil & Gas Production