Kinetiko Energy (KKO) Investor Presentation summary

Strategic positioning and market context

• Focus on shallow, conventional onshore gas in South Africa, addressing urgent domestic energy shortages and declining coal and offshore gas supplies.

• South Africa faces daily blackouts and severe load shedding, with coal historically providing over 85% of power generation.

• Gas to power is positioned as the cleanest near-term solution for the country's energy crisis.

Resource base and asset overview

• Holds a 6.0 TCF (2C) contingent resource, with potential for significant growth through ongoing exploration and flow testing.

• 44 wells drilled with 100% success rate, indicating uniform geology and large, shallow pay zones.

• Landholding of 6,000 km², with only 0.2% currently contributing to 2P reserves, offering multiple development opportunities.

• Agreements in place with public and private partners for pilot and commercial development.

Development and execution strategy

• Fully funded for a five-well flow testing program in 2024, aiming to upgrade resources and reserves.

• Sequential strategy: exploration, production testing, proof of concept, corporate approvals, and commercial scale-up.

• Near-term activities include coring, production testing, flow testing, and micro-LNG pilot plant installation.

• Commercial scale plans include a JV with the Industrial Development Corporation for a 50MWe project, scalable to 1,500MWe.