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2.50%

8.2¢ kinetiko energy ltd

Ann: Significant Gas Resource Increase to 4.9 TCF, page-14

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SpiderMonkeyZ

4,000 Posts.

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14/10/22

15:38

Post #: 64204457
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Originally posted by Polyh: ↑

SpiderZ,
Yup, you a correct on a few things.
I am ex-south african recently investing there after years of trying to get my assets out.
I worked as an engineer in the KKO area of the industrial/mining heartland, so I know it well.
Secondly, the state monopoly power company, Escom, has been run into the ground through ANC corruption, nepotism and incompetence.
They have a serious power problem, with almost continual rolling blackouts, and there is no chance Escom can be revived - it is just too broken.
The only foreign aid they will get to sort out the power fiasco is non-coal and the ruling cabal are beginning to realize gas and independant power is the place to be.
Expect a flood on independent power producers and interest in gas sources from anywhere - Mozambique, offshore in the cape, onshore GSG.
Hopefully KKO will ride the wave as an early mover.

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I wonder how close KKO is to the South African govt.

Nat gas does appear to be a key piece going forward in the country's energy mix. KKO could potentially prove up multiple tcf of nat gas (methane) over time and a strong relationship with the govt would help no doubt to monetise it.

KKO Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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Last 8.2¢		Change 0.002(2.50%)		Mkt cap ! $121.7M

Open	High	Low	Value	Volume
8.1¢	8.8¢	8.1¢	$18.16K	216.0K

Buyers (Bids)

No.	Vol.	Price($)
2	60000	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	113352	1

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No.	Vol.	Price($)
1	25000	0.082
3	71648	0.080
2	94000	0.079
1	20000	0.078
1	19143	0.074

Price($)	Vol.	No.
0.085	150955	2
0.088	806	1
0.090	100000	1
0.094	225000	1
0.100	45333	2

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