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KINETIKO ENERGY LTD — Capital/Financing Update 2012
Mar 26, 2012
65185_rns_2012-03-26_19af878f-5479-4863-9886-f12fcf5d519b.pdf
Capital/Financing Update
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Enquiries Andrew Lambert Managing Director 283 Rokeby Rd SUBIACO WA 6008
Phone: +61 8 6315 3500 Fax: +61 8 9481 1947 Email: [email protected] Web: www.kinetikoenergy.com.au
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The Office ASX Limited Via E Lodgement
Company Announcements 27 March 2012
RESTRICTED SECURITIES TO BE RELEASED FROM ESCROW
ASX Code: KKO
Board and Management
Pursuant to ASX Listing Rule 3.10A, Kinetiko Energy Limited confirms that 1,950,000 fully paid ordinary shares will be released from escrow on 11 April 2012.
Adam Sierakowski
Non-Executive Chairman Andrew Lambert Managing Director James Searle Non-Executive Director Geoff Michael Non-Executive Director
Amersfoort Project
Stephen Hewitt-Dutton Company Secretary Kinetiko Energy Limited
For further information please visit: www.kinetikoenergy.com.au
The Amersfoort area of the Eastern Transvaal is one of the most prospective areas for CBM with well documented, gassy coal measures. Kinetiko has 49% equity in 2 onshore gas licenses covering 1,874km[2] under a Farm Out agreement with a South African company Badimo Gas Ltd, Kinetiko is the Operator.
Independent Oil and Gas consultant: Gustavson Associates of Boulder Colorado have estimated the Amersfoort licenses have CBM Gas In Place (GIP) Resource of 1.7tcf and 1.12tcf Contingent Resource.
The goal of the Amersfoort Exploration program is to increase Resource certainty; this is largely dependent on Exploration success.