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Kinetiko Energy Limited (ASX:KKO)

ALERT: Price-sensitive ASX Announcement for KKO
Current share price for KKO : $0.035 -0.038 (-52.05%)+
Announcement
Release
13 Oct 2025 9:40AM
Price at Release
$0.073
Full Release
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Summary
Kinetiko Energy Limited has executed a Joint Development Agreement (JDA) with FFS Refiners for the co-development of a pilot gas plant for LNG production at Brakfontein. This agreement, part of Project Alpha, involves co-funded drilling, gas testing, and the construction of an LNG liquefaction plant producing 5,000 tons per annum. The initiative aims to expand LNG production to 125,000 tons per annum through phased development. Kinetiko and FFS are investing approximately R64 million for the first phase. The agreement is part of Kinetiko's strategy to supply LNG to the South African market, leveraging its onshore gas resources.
Key Points
  • Kinetiko Energy Limited and FFS Refiners executed a Joint Development Agreement.
  • The project involves co-developing a pilot gas plant for LNG production at Brakfontein.
  • Phase 1a includes drilling five additional wells and upgrading existing ones.
  • The JDA establishes the creation of a JDA Steering Committee.
  • Parties to the JDA include Kinetiko Energy Ltd, Afro Energy Pty Ltd, and FFS Refiners Pty Ltd.
  • The agreement formalizes intentions under a previous Terms Sheet.
  • Project Alpha aims for phased LNG production expansion up to 125,000 tons per annum.
  • The initial phase's funding commitment is approximately R64 million (AUD$5.675 million).
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.