Maiden reserves update expected in about 6-8 weeks for a KKO's large 2.4tcf contingent resources of methane (nat gas). Also KKO expected to "merge" or something to that effect soon so then the prospective resource then basically doubles to 4.9tcf of contingent resources.
Doing the math if KKO can get for instance AUD$10/mmbtu (pricing not that clear but South Africa apparently known to have attractive nat gas prices by global standards) then you can see the 2.4tcf (KKO) to 4.9tcf (if merger occurs) resource is worth tens of billions if proven into reserves if I calculated correctly.
1:05 KKO video presentation starts from a recent conference
From 1:09 - 30 holes in the ground with a 100% strike rate hitting gas
From 1:14 - Maiden reserves statement late Oct to early Nov
