About Kratos
Kratos Energy Limited ACN 125 901 868 (“Kratos” or “Company”) was formed in 2008 in order to pursue Energy & Resource Sector opportunities.
During 2010, Kratos participated for a 25% interest in the drilling of two oil and gas exploration wells in Alberta, Canada, by way of farm-in agreements with US based South Bay Resources. Both these wells failed to encounter commercial hydrocarbons and were subsequently plugged and abandoned. At the completion of the Company’s participation in the Radway well, Kratos had effectively satisfied all its farm-in obligations to South Bay Resources. At that time a decision was taken to discontinue the relationship with South Bay and to commence the review and identification of other energy projects worldwide.
In this regard, Kratos engaged the services of Mr Michael Lowry as Managing Director in August 2011. Mr Lowry has significant experience in the resources industry over a 40 year period and over the past 19 years Mike has worked in all aspects of thermal coal mining. He has led new coal mine developments in Western Australia and undertaken extensive due diligence assignments researching and reporting on potential acquisitions of overseas coal assets.
On behalf of Kratos, Mr Lowry has commenced the review and assessment of various potential thermal coal acquisitions in Indonesia.