Kinetiko Energy Ltd. (AU:KKO) has released an update.
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Kinetico Energy Ltd has reported successful further exploration at core hole 270-12C, revealing multiple gas-rich zones and confirming the potential for multi-field development. The drilling reached a depth of 742.9m and encountered gas-bearing sequences totaling 87.5m, which could suggest increased gas flow pressure and volume for future production. This exploration success in South Africa’s Mpumalanga Province underlines the company’s progress in commercializing its shallow conventional gas projects.
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