With the maiden reserves statement from Sproule imminent bear this in mind.
Way back in 2009 one of KKO's directors was involved with Pure Energy that proved up over 1 tcf of gas and sold the company for over AUD$1b.
So KKO might develop the project themselves or seek to sell it maybe if that's an option not sure.
Anyway 2009 is a long time ago now and a project in Australia v South Africa. Also maybe natural gas prices today are much higher than 2009 also. I wonder what today each 1tcf of gas proven into reserves would value a company at?
KKO Price at posting:
9.7¢ Sentiment: None Disclosure: Held
