Ann: Amersfoort Operations Update , page-2

Here we have it:
Contingent resources on Amersfoort project 1.5 TCF
Pilot wells flaring like no tomorrow
Company aiming to book reserves in 2p/3p reserves in April - probably hopeful after seeing flaring.

AND this is the tip of the iceberg. KKO has an additional 9.3 TCF gas in place on its 4 TCPs of which it owns 100%.

They have a massive footprint in the absolute heart of South Africa with a gas pipeline running in the middle of their licences.

Can it get better: Just have a look at the Petroleum Exploration and production map of what their strategic position is:
www.petroleumagencysa.com/files/hubmap_12a-12.pdf

KKO's leases are surrounded by power stations - why - because it the centre of energy demand for the country !!

I figure, if they can convert Contingent resource into reserves the market can start doing some maths on this project: 3P 500 BCF on Amersfoort is worth in the range of $125M-250M to KKO (like a $1-$2 per share).

Cheap wells, CBM + conventional gas flows + strategic position = giddy up

Love the story - can't believe it is capped at $28M - Wilsons sole manager to placement in Dec - these guys all over CBM during the boom over east - that tells me something...

Hold: KKO

DYOR.

Noah