KKO 7.32% 8.8¢ kinetiko energy ltd

Ann: Merger with Badimo Gas to Proceed, page-3

  1. 4,108 Posts.
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    I think this means KKO now 100% owns the 4.9tcf contingent resource?

    Previously the KKO share was about 2.4tcf or about half the 4.9tcf.

    Given this week's new 30km gas zone that could be a nice addition to KKO's now 4.9tcf contingent resource also.

    So more than doubling the resource once that is all factored in from 2.4tcf to 5tcf ++ depending on how much gas is in that 30km zone ?

    Also another key factor is 686m shares to increase to 1.31b after the merger about a 90% increase but that is more than offset if KKO is going from a resource if 2.4tcf to 5tcf ++



 
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