short term trading - week starting 25 feb, page-60

Entry for STT trading comp thingy


KKO... (if V8 still not claiming it... thanks cuz!)

Kinetiko Energy (ASX)


May post better later summary.... but basics..

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KKO

Shallow drilling into soon to be 15,000 sq km (3.7 million acre) of gassy coal stuff.

Flares all over.

2 rigs coring.... 1 rig prepping test wells.

South Africa hungry for local gas.

Infrastructure nearby to get gas to market (2014 target)

Reserve estimates should be a kicker soonish... if not the buying in anticipation.

IPO'd at 20 cent... raised a few dollars at 18 cent

49% share of project with local crew... sovereign risky stuff seems OK

bsh