Just the Facts: Kinetiko Energy progresses gas projects to support South Africa’s clean energy shift [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF).

Kinetiko is advancing its shallow conventional gas projects in South Africa, focusing on reducing the country’s reliance on coal and imported energy.

The company’s flagship Mpumalanga Project is set to deliver significant gas volumes to support South Africa’s energy transition to cleaner and more reliable sources.

Over the past year, Kinetiko has successfully completed drilling and coring campaigns in blocks ER272 and ER270, consistently striking gas.

This has resulted in a 2C contingent gas resource of 6 TCF and a maiden 2P gas reserve of 6.4 BCF, representing only a small portion of the company’s overall acreage.

The upcoming five-well production test program, scheduled for Q4 next year, will provide crucial data to refine production models and secure stable gas flow rates for commercial production.

Kinetiko also demonstrated the commercial viability of its gas production through a partnership with FFS Refiners, using a 1.2 MW gas generator.

The company plans to develop an LNG facility from this field, with a target to deliver its first LNG production cluster within 18 months.

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