Kinetiko Energy Ltd

Kinetiko Energy Limited is an Australian gas exploration and development company focused on advancing its gas projects in South Africa. Kinetiko’s flagship project covers over 6,000 km2 in the energy-rich Mpumalanga basin, located 200km southeast of Johannesburg.

The company has delineated a substantial conventional onshore gas resource, with a 2C contingent resource of 6.0 TCF announced in August 2023 with additional prospective resources standing at 5.8 TCF. Kinetiko is leveraging existing infrastructure, including pipelines and power stations located nearby as its gas reservoirs occur in sandstone layers above coal seams and do not require hydraulic fracturing. 

Kinetiko Energy has executed a joint venture agreement with the South African government’s Industrial Development Corporation to develop an initial 50MWe gas-to-power project, expandable to 500MWe. The company is uniquely positioned with its right-sized massive gas resource located adjacent to infrastructure in an energy-starved region of South Africa. 

Initial drilling and project development is fully funded and first gas production and power generation is targeted for 2024 with extensive acreage provides room for Kinetiko Energy to substantially grow production over a multi-decade timeframe to support South Africa’s energy transition away from coal.