OPERATIONS

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. 

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

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.    Short...

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