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31 March 2025
Name: | KINETIKO ENERGY LTD (KKO) |
ISIN: | AU000000KKO2 |
Date of Listing: | 21 July 2011 |
Stock Exchange Status: (updated daily)
This entity is currently listed and quoted on the Australian Securities Exchange.Legal Status: (updated monthly)
ACN: 141 647 529ABN: 45 141 647 529
Registration Date: 25 January 2010
Capital Gains Tax (CGT) Status: (updated at least quarterly)
To crystallise a capital gain or capital loss on your securities in this entity, you are able to sell your securities on-market in the normal manner. If you determine that the market in your securities is illiquid and you still wish to crystallise a capital gain or loss, kindly contact deListed at admin@delisted.com.au for suggestions as to how you might proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
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The suspension of trading in the securities of Kinetiko Energy Limited will be lifted immediately following the release by KKO of an announcement regarding drilling results. | 23/10/2024 |
Drilling at well 271-23PT was completed, reaching a terminal depth of 463 metres on 16 October 2024. 271-23PT did not produce commercial quantities of gas during a choke test at terminal depth, and no flow testing was conducted. Initial geological assessments suggest that the well intersected an unusually small, well-sealed compartment, which is considered a geological anomaly. Despite the unexpected result at well 217-23PT, Kinetiko is moving forward confidently with the next four wells, which are positioned in geologically promising locations supported by historical data and strong gas resource potential. Drilling was completed ahead of schedule and without any incidents. The drill rig has been mobilised to a second production test well site, located 40 km to the southwest, adjacent to the Lily pipeline. Spudding of the second well is expected later this week. | 23/10/2024 |
The securities of Kinetiko Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement regarding drilling results. | 21/10/2024 |
The suspension of trading in the securities of Kinetiko Energy Ltd will be lifted immediately following the release by KKO of an announcement regarding a project update. | 22/08/2023 |
Afro Energy (Pty) Ltd, a subsidiary of Kinetiko Energy Limited, has executed a non-binding Term Sheet with the Industrial Development Corporation of South Africa to co-develop a new joint venture for the appraisal and production of LNG to deliver. 50MW growing to 500MW gas equivalent energy. The first stage 50MW equivalent project is estimated to cost approximately A$138M2 comprising A$90M2 equity and A$48M2 debt. IDC shall equity fund approximately A$52M2 for 30% JV interest. Afro Energy shall equity fund approximately $A38M2 for 70% JV interest. Afro Energy has the right to introduce third party investorsto the JV for part or all of its 70% interest and can stage payment. The second stage intends the parties expand the JV to 500MW LNG gas equivalent, which would be the largest on shore LNG project in South Africa. The IDC intends to fund 30% of the second stage development. The IDC has been granted the option to participate in the co-development of further 1,000MW LNG gas equivalent projects, totalling 1.5GW. The Term Sheet underpins the Company's strategic objectives to unlock over 2TCF in gas reserves and become a sustainable cleaner energy solution for the South African economy. | 22/08/2023 |
The Company requests that its securities continue be placed in voluntary suspension pending the release of the Maiden Resources and Reserves announcement and a further project update to follow. The Company requests that the voluntary suspension ends on the date the anticipated announcement is released to the market, which the Company anticipates will occur today being Monday, 21 August 2023. | 21/08/2023 |
Maiden gas reserves of 3.1 BCF1 (6.4 BCF Gross) assessed over pilot gas production field underpinned by IDC joint venture has produced positive economics. 20% increase in 2C Contingent Resource to 3.0 TCF1 (6.0 TCF Gross) with the expectation for significant further upgrades from adjacent application exploration right (ER 320) when granted. Concurrent Prospective Resource 2U calculated at an additional 2.8 TCF1 (5.8 TCF Gross), convertible to contingent resource based on further exploration drilling. Maiden reserves assessed over initial 6.8 km2 30 well cluster which represents only 0.2% of the Afro Energy's granted rights providing for enormous potential for further increases in gas reserves. | 21/08/2023 |
The Company requests that its securities continue be placed in voluntary suspension pending the release of the Maiden Resources and Reserves announcement and a further project update to follow. The Company requests that the voluntary suspension ends on the date the anticipated announcement is released to the market, which the Company anticipates will occur Monday 21 August 2023. | 18/08/2023 |
The securities of Kinetiko Energy Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement in relation to a project update. | 17/08/2023 |
The suspension of trading in the securities of Kinetiko Energy Ltd will be lifted immediately following the release by KKO of an announcement regarding a capital raising. | 10/10/2022 |
The company releases a notice of proposed issue of securities. | 10/10/2022 |
Kinetiko secures further funding commitment from South African energy investment company that participated in April 2022 capital raising. Firm commitments received for placement at $0.09 per share to raise A$5m (before costs). Issue price of $0.09 represents a 3.2% discount to the last closing price and 8.1% discount to the 14-day VWAP. Largest investment by private South African institutions to date demonstrates domestic support for Kinetiko's vision to become a major energy solution for South Africa. Funds to be used to accelerate exploration and gas resources growth. | 10/10/2022 |
The securities of Kinetiko Energy Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement regarding a capital raising. | 03/10/2022 |
The suspension of trading in the securities of Kinetiko Energy Limited will be lifted from the commencement of trading on Monday, 18 May 2020, following KKO demonstrating compliance with listing rule 12.2. | 15/05/2020 |
The company received formal approval today from the Supreme Court of Western Australia to extend the last date for shares issued pursuant to the Company's prospectus dated 30 January 2020 and supplementary prospectus dated 27 February 2020 to be admitted to quotation to 21 May 2020. | 14/05/2020 |
Prior to the expiry of the Quotation Period, 81,503,270 shares were issued under offers under the Prospectus. On 30 April 2020 an additional amount of 53,668,713 shares were issued. Whilst confirmation has been received that all shares have been quoted by the ASX, the shares were not admitted for quotation within the Quotation Period by reason of the fact that the Company remains in suspension. The issue of all shares under the Prospectus are deemed void and the Company is obliged under the Corporations Act to return all subscription funds to applicants for all of shares previously issued under the Prospectus, unless it obtains a relevant Court order extending the Quotation Period. The Company will soon apply to Supreme Court of Western Australia to extend the Quotation Period. | 08/05/2020 |
The company lodges its Quarterly Activities Report. | 30/04/2020 |
The company lodges its Quarterly Cashflow Report. | 30/04/2020 |
The company releases an Appendix 2A. | 30/04/2020 |
The company releases an Appendix 2A. | 18/03/2020 |
The recent 1 for 4 non-renounceable entitlement offer at an issue price of $0.02 per share, closed on 27 February 2020. Shareholders subscribed for a total of 64,135,945 Entitlement Shares. The Board has also received strong expressions of interest in the shortfall, including applications for additional shares received with the entitlement acceptances. The maximum number of shares under the issue was 102,023 068, resulting in a shortfall of 37,887,123 shares. | 03/03/2020 |
The company releases an Appendix 2A. | 03/03/2020 |
The company issues a supplementary prospectus. | 27/02/2020 |
The company releases an Appendix 2A. | 12/02/2020 |
A copy of the prospectus in relation to the entitlement offer and a personalized offer acceptance form has been mailed to eligible shareholders today. | 07/02/2020 |
The company lodges its Quarterly Activities Report. | 31/01/2020 |
The company lodges its Quarterly Cashflow Report. | 31/01/2020 |
The company releases a notice of proposed issue of securities. | 30/01/2020 |
The company issues a prospectus for a non-renounceable entitlement offer of approximately 102,023,068 shares on the basis of 1 new share for every 4 shares held on the record date, at an issue price of $0.02 each to raise up to $2,040,461 before costs. The entitlement offer opens on 7 February 2020 and closes at 5:00pm (WST) on 27 February 2020. Valid acceptances must be received by the entitlement offer closing date. The prospectus is also for: the offer of the shortfall to the entitlement offer; for an offer of up to 50,000,000 new shares to placement recipients at an issue price of $0.02 per new share to raise up to $1,000,000 before costs. THe prospectus has been prepared for the purposes of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of certain shares issued on or prior to the closing date. | 30/01/2020 |
The company announces the terms of a non-renounceable entitlement offer on the basis of one (1) fully paid ordinary share for every four (4) fully paid ordinary shares held by shareholders of Kinetiko with a registered address in Australia or New Zealand at 5pm (Perth time) on 4 February 2020. The entitlement offer shares will be offered at an issue price of 2 cents per share. The maximum order of shares which may be issued under the offer is 102,023,068 fully paid ordinary shares. The entitlement offer will raise approximately $2,040,461 if all shareholders subscribed for their entire entitlement to shares. The company may raise up to an additional $1,000,000 through a placement offer of 50,000,000 shares at an issue price of $0.02 per share. The company intends to apply the funds raised from the offer towards the ongoing exploration programs at the company's projects. The record date for entitlements under the offer is 4 February 2020 and the final date for receipt of applications for shares pursuant to the entitlement offer is 27 February 2020. | 30/01/2020 |
The company lodges its Quarterly Activities Report September 2017. | 29/01/2020 |
Kinetiko and Badimo Gas have worked together to complete outstanding financial accounts relating to its incorporated JV Afro Energy. The collaboration between the parties has enabled Kinetiko's South African assets to be restated to a value of $7.4m. The parties have agreed a work program for the exploration and exploitation of its existing and recently renewed and newly awarded exploration rights that have been approved by the DMR and PASA. | 23/01/2020 |
The company lodges its Half Yearly Report and Accounts. | 23/01/2020 |
South African regulator Petroleum Agency of SA renew Kinetiko's existing exploration rights on the Amersfoort Project and grant three further significant exploration rights. Amersfoort Project exploration rights ER56 and ER38 have been renewed. Three new exploration rights have been granted increasing the Company's total exploration rights by 378%. Total exploration rights now total 4,604kms2 approximately 150kms from South Africa's largest city Johannesburg and in the heart of the country's existing gas and power transmission infrastructure. Company is preparing to ramp up exploration, following the approval by PASA of work programs on the Amersfoort project to build on 10 years of successful gas exploration. Kinetiko has applied to the ASX to be reinstated to trading and expects to have all its outstanding financial audits completed within 7 days due to the strategic alignment with its South African partner Badimo Gas. | 21/01/2020 |
The company releases the results of its AGM. | 27/11/2019 |
The company lodges its Quarterly Activities Report. | 31/10/2019 |
The company lodges its Quarterly Cashflow Report. | 31/10/2019 |
Annual General Meeting to be held at Level 9, 40 St George's Terrace, Perth, Western Australia on 27 November 2019 commencing at 2.00pm (WST). | 25/10/2019 |
The company has received additional funding by way of loans which are convertible to shares. The company has entered into several agreements during the period from 3 September to today. It has received $180,000, with a further $20,000 to be received in the coming weeks. The funds have been lent primarily by unrelated parties, with additional funds being lent to the company by Chairman Adam Sierakowski ($30,000) and major shareholder Brendan Gore ($50,000). | 25/10/2019 |
The company releases its Appendix 4G. | 30/09/2019 |
The company lodges its Annual Report to shareholders. | 30/09/2019 |
The company issues a response to ASX Appendix 5B Query. | 05/08/2019 |
The company lodges its Quarterly Activities Report. | 01/08/2019 |
The company lodges its Quarterly Cashflow Report. | 01/08/2019 |
The company lodges its Quarterly Activities Report. | 30/04/2019 |
The company lodges its Quarterly Cashflow Report. | 30/04/2019 |
The company lodges its Half Yearly Report and Accounts. | 14/03/2019 |
The company lodges its Quarterly Activities Report. | 31/01/2019 |
The company lodges its Quarterly Cashflow Report. | 31/01/2019 |
The recent 1 for 4 non-renounceable entitlement offer at an issue price of $0.02 per share, closed on 6 December 2018. The Board advises that, including additional shares applied for, shareholders subscribed for a total of 40,073,288 shares totalling $801,466. This comprises 37,174,731 entitlement shares and 2,898,557 of additionally subscribed shares. The maximum number of shares under the issue was 71,239,498, resulting in a shortfall of 31,166,210 shares. The number of shares subscribed may be reduced if there are any dishonoured cheques in the funds banked. | 12/12/2018 |
The company releases the AGM results. | 23/11/2018 |
The company has extended the Closing Date of its pro rata non-renounceable entitlement offer to Eligible Shareholders to Thursday, 6 December 2018. Kinetiko has been very pleased with the positive responses it has received to the Entitlement Offer and has decided to extend the Closing Date in order to ensure maximum acceptance of entitlements. | 19/11/2018 |
The company releases an Investor Presentation. | 19/11/2018 |
The company mailed out a copy of the prospectus to shareholders. | 12/11/2018 |
The company releases an entitlement offer letter to both eligible and ineligible shareholders. | 07/11/2018 |
The Entitlement Offer shares will be offered at an issue price of 2 cents per share. The maximum number of shares which may be issued under the Entitlement Offer is 71,239,542 fully paid ordinary shares. The Entitlement Offer will raise approximately $1,424,791 (before expenses) if all shareholders subscribed for their entire entitlement to shares. The Company intends to apply the funds raised from the Offer primarily towards the ongoing exploration programs at the Company's projects. | 06/11/2018 |
The company issues a prospectus for a non-renounceable, pro rata offer of approximately 71,239,542 New Shares on the basis of 1 New Share for every 4 Shares held by Eligible Shareholders on the Record Date at an issue price of $0.02 each to raise approximately $1,424,791 before costs. | 06/11/2018 |
The company lodges its Quarterly Activities Report. | 31/10/2018 |
The company lodges its Quarterly Cashflow Report. | 31/10/2018 |
The company releases a notice of AGM and explanatory statement. The AGM will be held at the offices of Trident Capital, Level 24, 44 St George's Terrace, Perth, Western Australia on 23 November 2018 commencing at 10.00am (WST). | 24/10/2018 |
The company releases its Appendix 4G. | 24/09/2018 |
The company lodges its Annual Report to shareholders. | 24/09/2018 |
The company commenced with additional exploration and appraisal on its flagship Amersfoort project. Joint estimated cost of tests amounts to approximately US$675,000 (AUD$950,000). World leaders in the design and provision of process contol and pumping systems Endress & Hauser AG and Franklin Electric Co. Inc have teamed up to provide an innovative pumping, separation and control package that is being trialled on the previously flow-tested well KA-03PT . Previous flow and pressure testing on the well achieved stabilised flow rates of up to 330,000 scf/day and produced 26MMscf over a 6 month test period. Kinetiko considers this undertaking, as a positive first step in the continued development of the Amersfoort project. | 12/09/2018 |
Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Tuesday, 21 August 2018 will have its securities suspended from official quotation before the commencement of trading on Wednesday, 22 August 2018. The company has not paid its annual listing fees in respect of the year ending 30 June 2019 but the securities are already suspended from official quotation. In accordance with Listing Rule 16.5, entities that pay their annual listing fees after Tuesday, 21 August 2018 must pay by bank cheque only. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Tuesday, 28 August 2018 will be removed from the Official List with effect from the close of trading on Tuesday, 28 August 2018. | 22/08/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
The company issues a response to ASX Appendix 5B Query. | 02/08/2018 |
The company and its directors have not been provided access to the accounting records of Afro Energy. The Company and its legal representatives in South Africa have commenced regulatory action to compel Badimo Gas (Pty) Ltd, the 51% owner of Afro, to supply the necessary financial records to enable audited financial statements of Afro to be prepared. Kinetiko is in the process of finalising its 30 June 2018 financial report and intends to lodge the report with ASX shortly. | 02/08/2018 |
The company lodges its Quarterly Activities Report. | 01/08/2018 |
The company lodges its Quarterly Cashflow Report. | 31/07/2018 |
The company lodges its Quarterly Activities Report. | 23/04/2018 |
The company lodges its Quarterly Cashflow Report. | 23/04/2018 |
The company lodges its Half Yearly Report and Accounts. | 16/03/2018 |
The company lodges its Quarterly Activities Report. | 31/01/2018 |
The company lodges its Quarterly Cashflow Report. | 31/01/2018 |
The company releases the results of its AGM. | 29/11/2017 |
The company lodges its Quarterly Cashflow Report. | 01/11/2017 |
The Annual General Meeting will be held at Suite 10, Level 1, The Spectrum Building, 100 Railway Road, Subiaco, Western Australia on 29 November 2017 commencing at 10.00am (WST). | 26/10/2017 |
The company issues a response to ASX query. | 16/10/2017 |
The securities of Kinetiko Energy Limited will be suspended from quotation immediately, pursuant to listing rule 17.3 pending the Company demonstrating compliance with listing rule 12.2 | 04/10/2017 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following receipt of an announcement. | 17/08/2016 |
KKO, as a 49% shareholder in AE, has focused on proving commercial credibility of the Project and has pursued next phase funding from a credible South African institution focused on delivering first gas reserves, gas production, gas sales revenues and providing a funding partner with the capacity to develop multiple large production fields. The IDC was considered to be the best candidate to fulfill this objective. KKO anticipates undertaking a capital raising in the immediate future and is reviewing several fundraising strategies which include completing a further sophisticated placement or undertaking a non renounceable rights issue or combination of both. | 17/08/2016 |
The company lodges its Quarterly Activities Report. | 29/07/2016 |
The company lodges its Quarterly Cashflow Report. | 29/07/2016 |
The company issues a a response to ASX Appendix 5B. | 20/05/2016 |
The company lodges its quarterly activities report. | 29/04/2016 |
The company lodges its quarterly cash flow report. | 29/04/2016 |
The Company requests that the securities remain in voluntary suspension pending release of an announcement in relation to project funding and capital raising. The Company has experienced unexpected and additional delays and continues to await the outcome of significant negotiations that have taken place over the last 10 months. The Company understands negotiations are complete and we await advice of the decision and documentation. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 5 May 2016. | 21/04/2016 |
Further to our request of 23 March 2016 for the Company's securities to remain in suspension, the Company hereby requests that the securities remain in voluntary suspension in accordance with ASX Listing Rule 17.2 pending release of an announcement in relation to project funding and capital raising. | 07/04/2016 |
The Company requests that the securities remain in voluntary suspension in accordance with ASX Listing Rule 17.2 pending release of an announcement in relation to project funding and capital raising. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 6 April 2016. | 23/03/2016 |
The company lodges its half yearly report and accounts. | 14/03/2016 |
The Company requests that the securities remain in voluntary suspension pending release of an announcement in relation to project funding and capital raising. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 23 March 2016. | 09/03/2016 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation from the commencement of trading tomorrow, Wednesday, 24 February 2016, at the request of the Company, pending release of an announcement. Security Code: KKO | 23/02/2016 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following an announcement by the Company regarding the status of Amersfoort Project, Standard Bank mandate and results of aeromagnetic survey. Security Code: KKO | 05/06/2014 |
the Company advises that it is still not in a position to be able to release the announcement contemplated and requests that the securities remain in voluntary suspension | 02/06/2014 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: KKO | 20/05/2014 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following an announcement by the Company regarding a capital raising. Security Code: KKO | 12/12/2013 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: KKO | 06/12/2013 |
listed entity carried for record purposes only | 21/07/2011 |
The suspension of trading in the securities of Kinetiko Energy Limited will be lifted immediately following the release by KKO of an announcement regarding drilling results. | 23/10/2024 |
Drilling at well 271-23PT was completed, reaching a terminal depth of 463 metres on 16 October 2024. 271-23PT did not produce commercial quantities of gas during a choke test at terminal depth, and no flow testing was conducted. Initial geological assessments suggest that the well intersected an unusually small, well-sealed compartment, which is considered a geological anomaly. Despite the unexpected result at well 217-23PT, Kinetiko is moving forward confidently with the next four wells, which are positioned in geologically promising locations supported by historical data and strong gas resource potential. Drilling was completed ahead of schedule and without any incidents. The drill rig has been mobilised to a second production test well site, located 40 km to the southwest, adjacent to the Lily pipeline. Spudding of the second well is expected later this week. | 23/10/2024 |
The securities of Kinetiko Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement regarding drilling results. | 21/10/2024 |
The suspension of trading in the securities of Kinetiko Energy Ltd will be lifted immediately following the release by KKO of an announcement regarding a project update. | 22/08/2023 |
Afro Energy (Pty) Ltd, a subsidiary of Kinetiko Energy Limited, has executed a non-binding Term Sheet with the Industrial Development Corporation of South Africa to co-develop a new joint venture for the appraisal and production of LNG to deliver. 50MW growing to 500MW gas equivalent energy. The first stage 50MW equivalent project is estimated to cost approximately A$138M2 comprising A$90M2 equity and A$48M2 debt. IDC shall equity fund approximately A$52M2 for 30% JV interest. Afro Energy shall equity fund approximately $A38M2 for 70% JV interest. Afro Energy has the right to introduce third party investorsto the JV for part or all of its 70% interest and can stage payment. The second stage intends the parties expand the JV to 500MW LNG gas equivalent, which would be the largest on shore LNG project in South Africa. The IDC intends to fund 30% of the second stage development. The IDC has been granted the option to participate in the co-development of further 1,000MW LNG gas equivalent projects, totalling 1.5GW. The Term Sheet underpins the Company's strategic objectives to unlock over 2TCF in gas reserves and become a sustainable cleaner energy solution for the South African economy. | 22/08/2023 |
The Company requests that its securities continue be placed in voluntary suspension pending the release of the Maiden Resources and Reserves announcement and a further project update to follow. The Company requests that the voluntary suspension ends on the date the anticipated announcement is released to the market, which the Company anticipates will occur today being Monday, 21 August 2023. | 21/08/2023 |
Maiden gas reserves of 3.1 BCF1 (6.4 BCF Gross) assessed over pilot gas production field underpinned by IDC joint venture has produced positive economics. 20% increase in 2C Contingent Resource to 3.0 TCF1 (6.0 TCF Gross) with the expectation for significant further upgrades from adjacent application exploration right (ER 320) when granted. Concurrent Prospective Resource 2U calculated at an additional 2.8 TCF1 (5.8 TCF Gross), convertible to contingent resource based on further exploration drilling. Maiden reserves assessed over initial 6.8 km2 30 well cluster which represents only 0.2% of the Afro Energy's granted rights providing for enormous potential for further increases in gas reserves. | 21/08/2023 |
The Company requests that its securities continue be placed in voluntary suspension pending the release of the Maiden Resources and Reserves announcement and a further project update to follow. The Company requests that the voluntary suspension ends on the date the anticipated announcement is released to the market, which the Company anticipates will occur Monday 21 August 2023. | 18/08/2023 |
The securities of Kinetiko Energy Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement in relation to a project update. | 17/08/2023 |
The suspension of trading in the securities of Kinetiko Energy Ltd will be lifted immediately following the release by KKO of an announcement regarding a capital raising. | 10/10/2022 |
The company releases a notice of proposed issue of securities. | 10/10/2022 |
Kinetiko secures further funding commitment from South African energy investment company that participated in April 2022 capital raising. Firm commitments received for placement at $0.09 per share to raise A$5m (before costs). Issue price of $0.09 represents a 3.2% discount to the last closing price and 8.1% discount to the 14-day VWAP. Largest investment by private South African institutions to date demonstrates domestic support for Kinetiko's vision to become a major energy solution for South Africa. Funds to be used to accelerate exploration and gas resources growth. | 10/10/2022 |
The securities of Kinetiko Energy Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of KKO, pending the release of an announcement regarding a capital raising. | 03/10/2022 |
The suspension of trading in the securities of Kinetiko Energy Limited will be lifted from the commencement of trading on Monday, 18 May 2020, following KKO demonstrating compliance with listing rule 12.2. | 15/05/2020 |
The company received formal approval today from the Supreme Court of Western Australia to extend the last date for shares issued pursuant to the Company's prospectus dated 30 January 2020 and supplementary prospectus dated 27 February 2020 to be admitted to quotation to 21 May 2020. | 14/05/2020 |
Prior to the expiry of the Quotation Period, 81,503,270 shares were issued under offers under the Prospectus. On 30 April 2020 an additional amount of 53,668,713 shares were issued. Whilst confirmation has been received that all shares have been quoted by the ASX, the shares were not admitted for quotation within the Quotation Period by reason of the fact that the Company remains in suspension. The issue of all shares under the Prospectus are deemed void and the Company is obliged under the Corporations Act to return all subscription funds to applicants for all of shares previously issued under the Prospectus, unless it obtains a relevant Court order extending the Quotation Period. The Company will soon apply to Supreme Court of Western Australia to extend the Quotation Period. | 08/05/2020 |
The company lodges its Quarterly Activities Report. | 30/04/2020 |
The company lodges its Quarterly Cashflow Report. | 30/04/2020 |
The company releases an Appendix 2A. | 30/04/2020 |
The company releases an Appendix 2A. | 18/03/2020 |
The recent 1 for 4 non-renounceable entitlement offer at an issue price of $0.02 per share, closed on 27 February 2020. Shareholders subscribed for a total of 64,135,945 Entitlement Shares. The Board has also received strong expressions of interest in the shortfall, including applications for additional shares received with the entitlement acceptances. The maximum number of shares under the issue was 102,023 068, resulting in a shortfall of 37,887,123 shares. | 03/03/2020 |
The company releases an Appendix 2A. | 03/03/2020 |
The company issues a supplementary prospectus. | 27/02/2020 |
The company releases an Appendix 2A. | 12/02/2020 |
A copy of the prospectus in relation to the entitlement offer and a personalized offer acceptance form has been mailed to eligible shareholders today. | 07/02/2020 |
The company lodges its Quarterly Activities Report. | 31/01/2020 |
The company lodges its Quarterly Cashflow Report. | 31/01/2020 |
The company releases a notice of proposed issue of securities. | 30/01/2020 |
The company issues a prospectus for a non-renounceable entitlement offer of approximately 102,023,068 shares on the basis of 1 new share for every 4 shares held on the record date, at an issue price of $0.02 each to raise up to $2,040,461 before costs. The entitlement offer opens on 7 February 2020 and closes at 5:00pm (WST) on 27 February 2020. Valid acceptances must be received by the entitlement offer closing date. The prospectus is also for: the offer of the shortfall to the entitlement offer; for an offer of up to 50,000,000 new shares to placement recipients at an issue price of $0.02 per new share to raise up to $1,000,000 before costs. THe prospectus has been prepared for the purposes of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of certain shares issued on or prior to the closing date. | 30/01/2020 |
The company announces the terms of a non-renounceable entitlement offer on the basis of one (1) fully paid ordinary share for every four (4) fully paid ordinary shares held by shareholders of Kinetiko with a registered address in Australia or New Zealand at 5pm (Perth time) on 4 February 2020. The entitlement offer shares will be offered at an issue price of 2 cents per share. The maximum order of shares which may be issued under the offer is 102,023,068 fully paid ordinary shares. The entitlement offer will raise approximately $2,040,461 if all shareholders subscribed for their entire entitlement to shares. The company may raise up to an additional $1,000,000 through a placement offer of 50,000,000 shares at an issue price of $0.02 per share. The company intends to apply the funds raised from the offer towards the ongoing exploration programs at the company's projects. The record date for entitlements under the offer is 4 February 2020 and the final date for receipt of applications for shares pursuant to the entitlement offer is 27 February 2020. | 30/01/2020 |
The company lodges its Quarterly Activities Report September 2017. | 29/01/2020 |
Kinetiko and Badimo Gas have worked together to complete outstanding financial accounts relating to its incorporated JV Afro Energy. The collaboration between the parties has enabled Kinetiko's South African assets to be restated to a value of $7.4m. The parties have agreed a work program for the exploration and exploitation of its existing and recently renewed and newly awarded exploration rights that have been approved by the DMR and PASA. | 23/01/2020 |
The company lodges its Half Yearly Report and Accounts. | 23/01/2020 |
South African regulator Petroleum Agency of SA renew Kinetiko's existing exploration rights on the Amersfoort Project and grant three further significant exploration rights. Amersfoort Project exploration rights ER56 and ER38 have been renewed. Three new exploration rights have been granted increasing the Company's total exploration rights by 378%. Total exploration rights now total 4,604kms2 approximately 150kms from South Africa's largest city Johannesburg and in the heart of the country's existing gas and power transmission infrastructure. Company is preparing to ramp up exploration, following the approval by PASA of work programs on the Amersfoort project to build on 10 years of successful gas exploration. Kinetiko has applied to the ASX to be reinstated to trading and expects to have all its outstanding financial audits completed within 7 days due to the strategic alignment with its South African partner Badimo Gas. | 21/01/2020 |
The company releases the results of its AGM. | 27/11/2019 |
The company lodges its Quarterly Activities Report. | 31/10/2019 |
The company lodges its Quarterly Cashflow Report. | 31/10/2019 |
Annual General Meeting to be held at Level 9, 40 St George's Terrace, Perth, Western Australia on 27 November 2019 commencing at 2.00pm (WST). | 25/10/2019 |
The company has received additional funding by way of loans which are convertible to shares. The company has entered into several agreements during the period from 3 September to today. It has received $180,000, with a further $20,000 to be received in the coming weeks. The funds have been lent primarily by unrelated parties, with additional funds being lent to the company by Chairman Adam Sierakowski ($30,000) and major shareholder Brendan Gore ($50,000). | 25/10/2019 |
The company releases its Appendix 4G. | 30/09/2019 |
The company lodges its Annual Report to shareholders. | 30/09/2019 |
The company issues a response to ASX Appendix 5B Query. | 05/08/2019 |
The company lodges its Quarterly Activities Report. | 01/08/2019 |
The company lodges its Quarterly Cashflow Report. | 01/08/2019 |
The company lodges its Quarterly Activities Report. | 30/04/2019 |
The company lodges its Quarterly Cashflow Report. | 30/04/2019 |
The company lodges its Half Yearly Report and Accounts. | 14/03/2019 |
The company lodges its Quarterly Activities Report. | 31/01/2019 |
The company lodges its Quarterly Cashflow Report. | 31/01/2019 |
The recent 1 for 4 non-renounceable entitlement offer at an issue price of $0.02 per share, closed on 6 December 2018. The Board advises that, including additional shares applied for, shareholders subscribed for a total of 40,073,288 shares totalling $801,466. This comprises 37,174,731 entitlement shares and 2,898,557 of additionally subscribed shares. The maximum number of shares under the issue was 71,239,498, resulting in a shortfall of 31,166,210 shares. The number of shares subscribed may be reduced if there are any dishonoured cheques in the funds banked. | 12/12/2018 |
The company releases the AGM results. | 23/11/2018 |
The company has extended the Closing Date of its pro rata non-renounceable entitlement offer to Eligible Shareholders to Thursday, 6 December 2018. Kinetiko has been very pleased with the positive responses it has received to the Entitlement Offer and has decided to extend the Closing Date in order to ensure maximum acceptance of entitlements. | 19/11/2018 |
The company releases an Investor Presentation. | 19/11/2018 |
The company mailed out a copy of the prospectus to shareholders. | 12/11/2018 |
The company releases an entitlement offer letter to both eligible and ineligible shareholders. | 07/11/2018 |
The Entitlement Offer shares will be offered at an issue price of 2 cents per share. The maximum number of shares which may be issued under the Entitlement Offer is 71,239,542 fully paid ordinary shares. The Entitlement Offer will raise approximately $1,424,791 (before expenses) if all shareholders subscribed for their entire entitlement to shares. The Company intends to apply the funds raised from the Offer primarily towards the ongoing exploration programs at the Company's projects. | 06/11/2018 |
The company issues a prospectus for a non-renounceable, pro rata offer of approximately 71,239,542 New Shares on the basis of 1 New Share for every 4 Shares held by Eligible Shareholders on the Record Date at an issue price of $0.02 each to raise approximately $1,424,791 before costs. | 06/11/2018 |
The company lodges its Quarterly Activities Report. | 31/10/2018 |
The company lodges its Quarterly Cashflow Report. | 31/10/2018 |
The company releases a notice of AGM and explanatory statement. The AGM will be held at the offices of Trident Capital, Level 24, 44 St George's Terrace, Perth, Western Australia on 23 November 2018 commencing at 10.00am (WST). | 24/10/2018 |
The company releases its Appendix 4G. | 24/09/2018 |
The company lodges its Annual Report to shareholders. | 24/09/2018 |
The company commenced with additional exploration and appraisal on its flagship Amersfoort project. Joint estimated cost of tests amounts to approximately US$675,000 (AUD$950,000). World leaders in the design and provision of process contol and pumping systems Endress & Hauser AG and Franklin Electric Co. Inc have teamed up to provide an innovative pumping, separation and control package that is being trialled on the previously flow-tested well KA-03PT . Previous flow and pressure testing on the well achieved stabilised flow rates of up to 330,000 scf/day and produced 26MMscf over a 6 month test period. Kinetiko considers this undertaking, as a positive first step in the continued development of the Amersfoort project. | 12/09/2018 |
Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Tuesday, 21 August 2018 will have its securities suspended from official quotation before the commencement of trading on Wednesday, 22 August 2018. The company has not paid its annual listing fees in respect of the year ending 30 June 2019 but the securities are already suspended from official quotation. In accordance with Listing Rule 16.5, entities that pay their annual listing fees after Tuesday, 21 August 2018 must pay by bank cheque only. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Tuesday, 28 August 2018 will be removed from the Official List with effect from the close of trading on Tuesday, 28 August 2018. | 22/08/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
The company issues a response to ASX Appendix 5B Query. | 02/08/2018 |
The company and its directors have not been provided access to the accounting records of Afro Energy. The Company and its legal representatives in South Africa have commenced regulatory action to compel Badimo Gas (Pty) Ltd, the 51% owner of Afro, to supply the necessary financial records to enable audited financial statements of Afro to be prepared. Kinetiko is in the process of finalising its 30 June 2018 financial report and intends to lodge the report with ASX shortly. | 02/08/2018 |
The company lodges its Quarterly Activities Report. | 01/08/2018 |
The company lodges its Quarterly Cashflow Report. | 31/07/2018 |
The company lodges its Quarterly Activities Report. | 23/04/2018 |
The company lodges its Quarterly Cashflow Report. | 23/04/2018 |
The company lodges its Half Yearly Report and Accounts. | 16/03/2018 |
The company lodges its Quarterly Activities Report. | 31/01/2018 |
The company lodges its Quarterly Cashflow Report. | 31/01/2018 |
The company releases the results of its AGM. | 29/11/2017 |
The company lodges its Quarterly Cashflow Report. | 01/11/2017 |
The Annual General Meeting will be held at Suite 10, Level 1, The Spectrum Building, 100 Railway Road, Subiaco, Western Australia on 29 November 2017 commencing at 10.00am (WST). | 26/10/2017 |
The company issues a response to ASX query. | 16/10/2017 |
The securities of Kinetiko Energy Limited will be suspended from quotation immediately, pursuant to listing rule 17.3 pending the Company demonstrating compliance with listing rule 12.2 | 04/10/2017 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following receipt of an announcement. | 17/08/2016 |
KKO, as a 49% shareholder in AE, has focused on proving commercial credibility of the Project and has pursued next phase funding from a credible South African institution focused on delivering first gas reserves, gas production, gas sales revenues and providing a funding partner with the capacity to develop multiple large production fields. The IDC was considered to be the best candidate to fulfill this objective. KKO anticipates undertaking a capital raising in the immediate future and is reviewing several fundraising strategies which include completing a further sophisticated placement or undertaking a non renounceable rights issue or combination of both. | 17/08/2016 |
The company lodges its Quarterly Activities Report. | 29/07/2016 |
The company lodges its Quarterly Cashflow Report. | 29/07/2016 |
The company issues a a response to ASX Appendix 5B. | 20/05/2016 |
The company lodges its quarterly activities report. | 29/04/2016 |
The company lodges its quarterly cash flow report. | 29/04/2016 |
The Company requests that the securities remain in voluntary suspension pending release of an announcement in relation to project funding and capital raising. The Company has experienced unexpected and additional delays and continues to await the outcome of significant negotiations that have taken place over the last 10 months. The Company understands negotiations are complete and we await advice of the decision and documentation. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 5 May 2016. | 21/04/2016 |
Further to our request of 23 March 2016 for the Company's securities to remain in suspension, the Company hereby requests that the securities remain in voluntary suspension in accordance with ASX Listing Rule 17.2 pending release of an announcement in relation to project funding and capital raising. | 07/04/2016 |
The Company requests that the securities remain in voluntary suspension in accordance with ASX Listing Rule 17.2 pending release of an announcement in relation to project funding and capital raising. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 6 April 2016. | 23/03/2016 |
The company lodges its half yearly report and accounts. | 14/03/2016 |
The Company requests that the securities remain in voluntary suspension pending release of an announcement in relation to project funding and capital raising. The Company requests that the voluntary suspension end on the date the announcement referred to above is released to the market, anticipated to be on or before Wednesday 23 March 2016. | 09/03/2016 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation from the commencement of trading tomorrow, Wednesday, 24 February 2016, at the request of the Company, pending release of an announcement. Security Code: KKO | 23/02/2016 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following an announcement by the Company regarding the status of Amersfoort Project, Standard Bank mandate and results of aeromagnetic survey. Security Code: KKO | 05/06/2014 |
the Company advises that it is still not in a position to be able to release the announcement contemplated and requests that the securities remain in voluntary suspension | 02/06/2014 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: KKO | 20/05/2014 |
The suspension of trading in the securities of Kinetiko Energy Limited (the "Company") will be lifted immediately, following an announcement by the Company regarding a capital raising. Security Code: KKO | 12/12/2013 |
The securities of Kinetiko Energy Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: KKO | 06/12/2013 |
listed entity carried for record purposes only | 21/07/2011 |
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DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|
09/01/2025 | Robert Scharnell | 76,865 | $0.073 | $5,600 |
28/11/2024 | Robert Scharnell | 150,000 | $0.070 | $10,500 |
31/10/2024 | Robert Scharnell | 10,000 | $0.080 | $800 |
12/08/2024 | Robert Scharnell | 125,000 | $0.082 | $10,250 |
15/09/2021 | Adam Sierakowski | 300,000 | $0.094 | $28,099 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Adam Sierakowski | Executive Chairman | 08/12/2010 |
Nick de Blocq | CEO | 10/08/2021 |
Robert Scharnell | Non Exec Director | 24/11/2023 |
Robert Bulder | Director | 21/09/2023 |
Donald Ncube | Director | 21/09/2023 |
Simon Whybrow | Company Secretary |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Thomas Fontaine | Non Exec Director | 09/02/2021 | 28/11/2023 |
Geoff Michael | Non Exec Director | 25/01/2010 | 28/11/2023 |
Johan Visage | CEO | 10/08/2021 | |
James Searle | Non Exec Director | 25/01/2010 | 24/02/2021 |
Andrew Lambert | Director | 19/06/2011 | 02/05/2014 |
Date of first appointment, title may have changed.
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