Kinetiko Energy: tackling South Africa's energy crisis - One2One Investor Forum
Published: 03:00 27 Nov 2024 EST
Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) Executive Chairman Adam Sierakowski talked with Proactive about the company's groundbreaking work in onshore gas exploration in South Africa at the One2One Investor Forum.
Highlighting the urgent energy crisis, Sierakowski detailed Kinetiko's discovery of over 6.00 trillion cubic feet of gas resources, equivalent to one billion barrels of oil. This gas is located near South Africa's energy infrastructure and major cities, positioning Kinetiko as a key player in providing cleaner, more reliable energy.
Sierakowski emphasised that Kinetiko's gas extraction process is low-cost, environmentally responsible, and free of fracking. "Our vision is to directly impact and improve the lives of millions of South Africans who do not have access to reliable or affordable energy," he said. The company's pilot production wells aim to deliver results soon, showcasing the viability of this energy solution.
With plans to expand gas reserves, collaborate with industrial partners, and scale production, Kinetiko Energy has an ambitious roadmap that aligns with South Africa's growing energy demands. To learn more about this transformative project, watch the full interview.
