Entry for STT trading comp thingyKKO... (if V8 still not...

Entry for STT trading comp thingy


KKO... (if V8 still not claiming it... thanks cuz!)

Kinetiko Energy (ASX)


May post better later summary.... but basics..

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KKO

Shallow drilling into soon to be 15,000 sq km (3.7 million acre) of gassy coal stuff.

Flares all over.

2 rigs coring.... 1 rig prepping test wells.

South Africa hungry for local gas.

Infrastructure nearby to get gas to market (2014 target)

Reserve estimates should be a kicker soonish... if not the buying in anticipation.

IPO'd at 20 cent... raised a few dollars at 18 cent

49% share of project with local crew... sovereign risky stuff seems OK

bsh