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BRIEF-Kinetiko Energy says bulk gas sampling approval received from DMR

Published 04/08/2015, 08:50 am
Updated 04/08/2015, 08:56 am
© Reuters.  BRIEF-Kinetiko Energy says bulk gas sampling approval received from DMR
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Aug 4 (Reuters) - Kinetiko Energy Ltd KKO.AX :

* Bulk gas sampling approval received from dmr

* Says dmr has granted bulk gas sampling permission to badimo gas (pty) ltd and Kinetiko Energy Limited

* 500 million standard cubic feet (mmscf) of gas per annum for 2 years allowed to be removed and disposed"

* Received correspondence from the minister of mineral resources of the republic of South Africa in accordance with section 20 of the act

* Correspondance to grant permission allowing parties to remove and dispose of gas produced from it's er56 and er38 tenements at amersfoort and volksrust

* Says "amount of approximately US$8M in revenue could be generated"

* Source text for Eikon ID:nASX1tTMKn

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