–News Direct–

Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) CEO Nick de Blocq joined Proactive's Stephen Gunnion after the company became the first to produce power from onshore domestic gas in South Africa.

Kinetiko successfully demonstrated power production from a gas well at Amersfoort in cooperation with FFS Refiners by constructing a fully compliant gas train on-site to feed a 1.2MW gas generator.

De Blockq said the milestone is significant for alleviating the country's energy crisis. The process involved significant compliance efforts, including studies, professional engineering approvals, and equipment importation.

Kinetiko Energy's current focus is not on commercial power production but on using its gas to support field operations. The company's pilot project involves a five-well cluster, with plans to expand to a 30-well LNG cluster in partnership with the Industrial Development Corporation (IDC). The pilot aims to produce 5,000 tonnes of LNG per annum from each ten-well grouping, with a long-term goal of 60,000 tonnes per annum from around 100 wells.

Kinetiko recently announced a A$5 million fundraising effort to support gas exploration across three South African provinces. The raised funds will help the company meet its exploration obligations and drill five appraisal wells by Q3 2024.

De Blocq highlighted the environmental benefits of their clean gas, which contains 99% methane and no harmful impurities. He emphasized the potential of Kinetiko's world-class gas resource to significantly impact South Africa's energy landscape.

Contact Details

Proactive Australia Pty Ltd

Proactive Australia Pty Ltd

+61 431 597 771

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/kinetiko-energy-achieves-milestone-in-south-african-onshore-gas-power-generation-434336352

KINETIKO ENERGY LTD

COMTEX_452617200/2655/2024-05-19T19:03:53

Summary:  $68 million from the incident occurred on May 3, 2024 related to the “dust” attack were fully returned to the victim today with the participation of the cybersecurity agency Match Systems and the Cryptex cryptocurrency exchange. At the moment, the victim has no complaints against the attacker.

On May 3, 2024, one of the crypto whales became a victim of a classic dust attack (or “dandruff attack”) resulting in the theft of 1,155.28 WBTC, worth over $68 million.

The stolen tokens were received by an unknown scammer to the address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91, from which the funds were moved to the address 0xfB5bcA56A3824E58A2c77217fb667AE67000b7A6. After which the stolen funds began to be distributed in parts to several scammer’s addresses. 

The victim immediately sought assistance from Match Systems. As a result of promptly conducted work, the assets were found and returned to the crypto whale in full in just a week. 

This incident perfectly demonstrates that promptly contacting specialists in case of theft of crypto assets significantly increases the chances of the crypto fraud victim to get them back. Moreover, the earlier the victim seeks help, the higher the probability of getting the stolen funds back in full.

More detailed information about this type of theft is contained in the article:

https://journals.nauss.edu.sa/index.php/JISCR/article/view/2237/1275

About Match Systems:

Match Systems, is a leading company specializing in AML services, blockchain investigations, and implementation of compliance procedures for cryptocurrency projects around the world. By leveraging advanced technology and expertise in financial crime detection, the company is poised to help organizations to navigate the complex regulatory landscape as well as minimize the risks associated with digital currencies.

Media contacts:

Name: Joseph Anderson

Website:  https://matchsystems.com/    

Email: [email protected]

Address: Dubai, UAE

In the realm of non-profit organizations and social enterprises, funding is a critical factor that often determines the success or failure of the mission. One increasingly popular source of capital is Venture Philanthropy, a practice of making investments in non-profit or social enterprises that aim to generate both a social return and a financial return. In this article, we will explore three prominent venture philanthropy firms that non-profits and social entrepreneurs should be aware of.

Arch Town Labs

Arch Town Labs is a prominent venture philanthropy firm founded by Artem Vershinsky and Pavel Ryzhykh in 2023. It focuses on investing in and supporting non-profit organizations and social enterprises that are dedicated to creating positive social change. This organization believes in the power of social entrepreneurship and uses its resources to help these organizations scale and maximize their impact.

New Profit

New Profit is a venture philanthropy organization that aims to break down the barriers standing between people and opportunity in the United States. It seeks to transform the way America educates its children, propels people towards social mobility, and re-engineers our workforce for the future. The organization provides funding and strategic support to a portfolio of social enterprises to accelerate their impact.

The Edna McConnell Clark Foundation

The Edna McConnell Clark Foundation has been a pioneer in the world of venture philanthropy. The foundation is committed to helping financially disadvantaged youth in the United States. It achieves this by making large, long-term grants to non-profits that have demonstrated the potential to significantly improve the lives of these children.

The Skoll Foundation

The Skoll Foundation is another key player in the field of venture philanthropy. It was established by Jeff Skoll, the first employee and first president of eBay. The foundation invests in, connects, and celebrates social entrepreneurs and innovators who are committed to solving the world’s most pressing problems.

The Omidyar Network

The Omidyar Network is a philanthropic investment firm. It was established by eBay founder Pierre Omidyar and his wife Pam. The network supports innovative start-ups and non-profits in areas ranging from education and financial inclusion to property rights and government transparency.

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Media Details:

Website URL: https://archtown.org/labs

Company Name: Arch Town Labs

Contact Person: Artem Avershinsky

Email: [email protected]

Company Address: London, United Kingdom