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27/02/13
11:45
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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
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