KKO 5.13% 8.2¢ kinetiko energy ltd

The maiden reserves statement is on track to be released in the...

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    The maiden reserves statement is on track to be released in the next few weeks.

    Also the merger should see 100% of the 4.9tcf contingent resources fall under KKO once the merger is complete?

    Given current natural gas prices are about US$6.5/mmbtu in the US used as a conservative guide as US prices are low versus other locations and the current exchange rate is about 0.65 USD to the AUD we are looking at approximately AUD$10b of inground value for every 1tcf that can be proven into reserves if I calculated correctly? Noting KKO might be able to fetch higher prices given different nat gas prices globally noting for instance nat gas prices have been much higher in Europe recently. https://hotcopper.com.au/data/attachments/4749/4749546-ef4691fb40f1e1d30ea45b3769888066.jpg


    https://hotcopper.com.au/data/attachments/4749/4749543-7df53a698339c72593423214afe78768.jpg
 
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