July 2025

Key Developments

• KKO and FFS Refiners have signed a non-binding term sheet to jointly develop a pilot liquefied natural gas (LNG) plant.
• This agreement aims to accelerate small-scale gas production from Kinetiko’s Brakfontein wells.
• Key initiatives include:

• • Co-funding for a new production well and upgrades to existing ones.
  • Joint application for a production right.
  • Gas testing and engaging a competent person for gas reserve certification.

• A binding Joint Development Agreement (JDA), outlining funding and production commitments, is expected to be signed within 30 days.
• After the successful completion of this initial phase, the parties will develop a business case for broader LNG production, with future phases planned to incrementally increase gas production and supply.

Thunder Said Energy is more than just a research firm; they are specialists dedicated to pinpointing the most impactful economic opportunities that are accelerating the global energy transition. Their work involves deep dives into complex energy markets, and from this extensive research, they have distilled their top ten critical conclusions regarding Liquefied Natural Gas (LNG). These insights, drawn from the breadth of their analytical work, are summarised to provide you with a clear and comprehensive understanding of LNG’s pivotal role in the evolving energy landscape.