Kinetiko Energy (KKO) Investor Presentation summary

Market opportunity and energy context

• South Africa faces a severe energy crisis due to declining coal and offshore gas supplies, causing frequent power failures and significant social and economic impacts.

• Domestic gas supply from Mozambique is in rapid decline, with feed expected to shut out from 2028, increasing urgency for alternative energy sources.

• Renewable projects have long development timelines, making onshore gas a near-term solution.

Resource base and project development

• Holds a substantial 6.0 TCF (2C) contingent gas resource, with an additional 5.8 TCF (2U) prospective resource, and reserves calculated over a small portion of tenements.

• All 48 exploration wells have encountered gas, indicating uniform geology and high success rates.

• Large tenement holding of 6,000 km² enables multiple gas field developments and significant resource growth potential.

• Agreements in place with the Industrial Development Corporation for multi-scale commercial production.

Technical and operational highlights

• Shallow conventional gas asset allows for low-cost, low-risk development without fracking, with high methane purity (96–98%).

• Gas to power demonstration completed in May 2024, confirming gas quality and rapid revenue potential upon production right grant.

• Flow assurance report identified water and foam invasion as causes of low gas flows in some wells; new drilling protocols are being implemented to address this.

• Next production test well to use optimised procedures, with well costs under $500k and completion in less than four weeks.