Kinetiko Forms JV for Karoo Basin Gas Exploration

Kinetiko Energy has signed a MoU for establishing a joint venture with White Rivers Exploration to explore for CBM and other unconventional and conventional oil and gas opportunities the Karoo Basin coalfields of South Africa.

The MoU covers three Technical Co-operation Permit (TCP) areas, at Heilbron, Kroonstadt and Ventersburg.

“The Ventersburg and Kroonstadt TCPs are located in the Free Sate Gas Field where widespread gas occurrences are known from coal and mineral exploration drilling. The Heilbron TCP is located adjacent to the Smaldeel area where helium has been commercially produced in the past, significant comingled methane flows were flared,” Kinetiko said.

Kinetiko Energy is an oil and gas exploration company, focused on Sub-Saharan Africa.

White Rivers Exploration is a South African company with extensive coal and gold holdings in South Africa.

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