Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Kinetiko Energy Ltd. ( (AU:KKO) ) is now available.
Kinetiko Energy Ltd has reported significant progress in its gas production testing program at the Brakfontein site, with the 271-KA03PT06 well achieving a peak gas flow rate of 1,600 Mscfd, the highest recorded for the site. The company has also renewed exploration rights for key areas and entered into a joint development agreement with FFS Refiners to co-develop a pilot LNG plant. These developments are part of Kinetiko’s strategy to accelerate its gas commercialization efforts in South Africa, supported by a strong financial position and strategic board appointments.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd (ASX: KKO) is an energy company focused on commercializing advanced shallow conventional gas projects in the Mpumalanga Province of South Africa. The company is engaged in onshore gas exploration and production development, aiming to provide energy solutions for the region.
Average Trading Volume: 270,747
Technical Sentiment Signal: Sell
Current Market Cap: A$111M
For an in-depth examination of KKO stock, go to TipRanks’ Overview page.