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.
Kinetiko Energy Ltd. ( (AU:KKO) ) has provided an announcement.
Kinetiko Energy Ltd has entered into a binding Joint Development Agreement with FFS Refiners to co-develop a pilot gas plant for LNG production at Brakfontein, marking the commencement of Phase 1a of Project Alpha. This agreement includes initiatives such as drilling additional wells, gas testing, and creating a business case for further development, with a joint funding commitment of approximately R64,312,000. The collaboration aims to secure LNG supply to the South African market, with plans to scale production significantly in future phases, potentially impacting the Southern African energy market by contributing to sustainable energy solutions.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is a company operating in the energy sector, primarily focusing on the exploration and production of natural gas. The company, through its subsidiary Afro Energy, is engaged in developing gas fields to supply liquified natural gas (LNG) to the South African market.
Average Trading Volume: 267,600
Technical Sentiment Signal: Sell
Current Market Cap: A$108M
See more data about KKO stock on TipRanks’ Stock Analysis page.