The company has secured its first gas reserves with strong economic potential and announced 6 Tcf of contingent 2C resources, creating a substantial onshore gas project with significant growth potential. Kinetiko is working on a phased development plan through Project Alpha, supported by a binding joint development agreement with FFS Refiners. The management team combines extensive local operational knowledge, capital markets expertise and decades of energy and infrastructure experience, enabling Kinetiko to transition from explorer to gas producer.
The Brakfontein gas project is Kinetiko Energy’s most advanced gas field in South Africa. Located in Mpumalanga Province, it consists of a cluster of seven shallow conventional gas wells, strategically located close to existing energy infrastructure and major energy demand centres.
Company Highlights
- Promoting a world-class onshore gas project with 6 trillion cubic feet (Tcf) of 2C contingent resources and first gas reserves with positive economics
- Strong comprehensive flow test results from production test wells in Brakfonteinwith a methane purity of more than 98.5 percent
- Additional exploration area to grow current contingent resources and reserves
- Binding joint development agreement with FFS refineries to jointly develop a phased LNG project, starting with a pilot plant of 5,000 tonnes per year (tpy)
- Located in South Africa’s main energy producing regionclose to existing infrastructure and major demand centers
- Clear path from exploration to productionsupported by recent funding, reserve certification work and applications for production rights
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