About Kinetiko

Kinetiko Energy is an Australian listed (ASX:KKO) gas explorer focused on advanced shallow conventional gas and coal bed methane (CBM) opportunities in rapidly developing markets in Southern Africa. South Africa has extensive gassy coal basins, extensive energy infrastructure and a growing gas demand, making it an attractive area for investment. The Company has approximately 7000km2 exploration area, of which approximately 4604km2 is granted and being explored.

Afro Energy (Pty) Ltd. was incorporated as a joint venture founded in 2015 by Kinetiko Energy Ltd (49%) and Badimo Gas (Pty) Ltd of South Africa (51%) as a JV company to own 100% of the exploration rights with required BEE (Black Economic Empowerment) certification, and facilitate South African investment in order to continue to explore, develop, and commercialise gas production.

The Company’s flagship Amersfoort project and newly granted adjacent exploration rights are held through South African company Afro Energy (Pty) Ltd.

The project is strategically located in a region characterized by:

Existing Infrastructure

  • Power generation, gas pipelines, high voltage transmission lines, road, and rail.
  • Networks that connect to Johannesburg / Pretoria, the cities of the Western Cape and KwaZulu Natal, and the rest of South Africa and neighbouring African countries South Africa supplies power to.

High Energy Demand

  • Gas for general power generation, industrial and mining applications.

Historical Exploration

Exploration Rights ER38 and ER56 and commercialisation studies have proven up the project geology and the potential for commercialisation:

  • The drilling and flow testing of wells on ER 38 and ER 56, has established a 2C (P50) Contingent Resource of 1.5 Tcf (Gustavson Associates 2012) across these two Exploration Rights totaling 1,027km2.
  • With the granting of a further 3,577km2 (ER 270,271 and 272) and a further 2,394km2 pending (ER320), it gives the project a total exploration footprint of 7,000km2.
  • KKO through its 49% shareholding in Afro Energy will continue to work with South African stakeholders and regulators to advance Amersfoort to the next stage of commercialisation.
  • Gas is now deemed to be an important component of the South African energy mix to combat the energy crisis.

12-18 Month Catalysts

  • Targeting maiden reserves within twelve months
  • Production
  • Revenues