I have been following this company for many years now and I have...

I have been following this company for many years now and I have to say I am very excited for what the coming months have in store.

Let’s look at the years achievements so far, chronologically, starting with Januarys highlights:

1. Renewal of exploration rights ER38 and ER56 for a further two-year period.
2. Awarded the exploration rights for ER270, ER271 & ER272, increasing the Company’s total exploration rights by 378%.
3. Positive responses from funding institutions both inside South Africa and abroad.
4. High resolution aeromagnetic survey and interpretation unlocks more gas potential, increasing the number of potential production fields to 30 in ER38 (10 fields) and ER56 (20 fields) - (2C) increased from 1.5Tcf to 4.9Tcf up227% and (GIP) increased from 2.4Tcf to 9.3Tcf up 287%.
5. Option holders indicating the support to exercise the unlisted options totalling $1.5m early to fund ongoing exploration activities.
6. This will clearly fund first commercial gas pilot production without the need for another capital raising.
7. Exploration has commenced on ER271 and the northern portion of ER38 to improve resource definition via further high resolution aeromagnetic survey, results available in December.
8. Work has commenced on a well workover program in preparation of pilot gas-to-CNG production, scheduled for completion Dec 2020.
9. The pilot production program will enable Kinetiko to generate first revenues and seek the certification of first gas reserves, commencing early 2021.
10. The company is in advanced discussions with established gas traders as potential off takers.

These highlights clearly demonstrate the company’s ability to systematically progress with the projects development, achieving milestones which (in my opinion) are setting their shareholders up for a very fruitful 2021.

With the amount of resource at hand and the fact that this is 150kms from South Africa’s largest city Johannesburg and in the heart of the country’s existing gas and power transmission infrastructure, funding must not be far off.

Forget SpaceX, this is the real rocket ship and I’d say we’re close to taking off!