Kina Petroleum

Kina Petroleum to monetise resources with start of drilling

Kina Petroleum CEO, Richared Schroder, told members during their Annual General Meeting recently that Kina’s business and commercial priority is the monetisation of the discovered resources in Petroleum Retention Licenses (PRL) areas 21 and 38.

He said Infrastructure investment announcements by Kumul Petroleum Holdings Limited (KPHL) in Western Province and proposed drilling activity in May 2017 by Twinza Oil Limited at Pasca will positively impact on the future commercialisation of both assets.

“Kumul’s proposed pipeline from Western Province to the east clearly