Kinetiko Energy Corporate Finance Director Richard Wolanski talked with Proactive about the company’s advanced onshore gas project in South Africa at the recent One2One Investor Forum.
Wolanski outlined the scale of the energy opportunity, explaining how Kinetiko’s 6.0 trillion cubic feet (TCF) certified resource, equivalent to 1.0 billion barrels of oil—is strategically located near major infrastructure and industrial centres.
“Every hole we’ve ever drilled has struck gas,” Wolanski said, highlighting the company’s 48-for-48 drilling success rate to date.
He discussed how the shallow, conventional gas sits in permeable sandstone, making extraction simple and low-cost, without the need for fracking. Kinetiko is targeting a transition from resource to reserves, with drilling and optimisation work ongoing throughout 2025.
The South African government, through the IDC, is supporting the development via a joint venture to deliver a 50MW pilot plant, with potential to scale to 500MW.
Wolanski also noted that gas from Mozambique, South Africa’s only other major source—is in decline, underscoring the country’s urgent need for domestic energy solutions.
Kinetiko expects significant news flow this year from exploration, flow testing and tenement expansion. To date, Kinetiko’s market cap is around £50 million, despite the scale of its gas resource. The company is exploring a UK listing to access deeper pools of energy investment expertise.
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