Kinetiko Looks to Further Expand its South African CBM Acreage

Kinetiko Energy Limited has applied for a fifth Technical Cooperation Permits (TCPs) adjacent to Kinetiko’s Amersfoort Project in South Africa. 

A TCP gives Kinetiko 12 months to perform desktop studies and the unique right to apply for exploration rights over the area. The TCP also confers the right to access exploration data held by the regulatory authorities. 

Kinetiko’s TCPs cover Karoo coal basin areas that have been identified as being highly prospective for commercial accumulations of coal bed methane.

Independent US Oil and Gas consulting firm Gustavson Associates has estimated a (P50) Gas in Place (GIP) resource of 9.3tcf at the company’s existing four 100% owned TCPs.