KKO 1.35% 7.5¢ kinetiko energy ltd

With the maiden reserves statement from Sproule imminent bear...

  1. 3,991 Posts.
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    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?

    https://hotcopper.com.au/data/attachments/4866/4866201-6570a5457271bab9e68c1957577a7924.jpg
    https://hotcopper.com.au/data/attachments/4866/4866232-99bd0c828ffd8b6efb0d20554492747b.jpg
 
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