An announcement from Kinetiko Energy Ltd. ( (AU:KKO) ) is now available.
Kinetiko Energy Ltd reported significant progress in its gas production efforts during the first quarter of 2025. The company achieved successful gas flaring from its second production test well and observed stronger gas presence in its first well, indicating potential for increased gas production. The company is conducting a drilling optimization study to address initial gas flow restrictions, with preliminary findings suggesting improvements in drilling techniques could enhance gas recovery. Kinetiko maintains a strong financial position with no debt and substantial available funds.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is focused on developing energy solutions in South Africa, specifically through commercializing its wholly-owned shallow conventional gas projects in the Mpumalanga Province.
YTD Price Performance: -14.29%
Average Trading Volume: 334,043
Technical Sentiment Signal: Buy
Current Market Cap: A$85.96M
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