Kinetiko on track for South African gas production

ASX-listed Kinetiko Energy’s joint venture Afro Energy has been granted a gas production license by the South African government to produce 500 million cubic feet per annum for a two year period from its Amersfoort project in permits ER56 and ER58 in the Karoo Basin. 

Kinetiko on track for South African gas production Kinetiko on track for South African gas production Kinetiko on track for South African gas production Kinetiko on track for South African gas production Kinetiko on track for South African gas production

Government grants right for 500MMcf/a for Kinetiko's long-stalled project

The amount equates to 500,000 gigajoules and the company says South African gas prices currently sit in the range of US7/GJ-$10/GJ. It said it is now in discussions with potential offtakers.