Ever wondered how a small ASX-listed company could be sitting on one of South Africa's largest onshore gas discoveries? Kinetiko Energy (ASX: KKO) is redefining energy exploration with their breakthrough at Brackfontein, delivering an eye-popping 370,000 cubic feet per day peak gas flow from a well just 417 metres deep.
Executive Chairman Adam Sierakowski takes us behind the scenes of this remarkable achievement, revealing how 144 metres of gas pay zone (representing 35% of the well's depth) validates their newly optimised drilling strategy. After facing challenges as first movers in South Africa's onshore gas sector, Kinetiko leveraged global expertise to completely reimagine their approach – and the results speak for themselves.
The company's certified 6 trillion cubic feet contingent resource is just the beginning, with Adam confidently targeting resources beyond 10 TCF. Their strategic partnership with South African energy group FFS Refiners accelerates the path to commercialisation, co-funding development of production clusters that could see first gas sales within just 18 months. The partnership envisions scaling to hundreds of wells, positioning Kinetiko to deliver significant value in South Africa's energy-hungry market.
With drilling underway on their seventh well, a debt-free balance sheet, and consistent news flow expected throughout coming months, Kinetiko stands at the threshold of transforming from explorer to producer. Don't miss this deep dive into one of Australia's most promising energy plays that's unlocking South Africa's natural gas potential. Subscribe to ASX Briefs for more insights into innovative Australian listed companies making global impacts.
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