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Kinetiko Energy Ltd. ( (AU:KKO) ) just unveiled an announcement.
Kinetiko Energy reported a safe quarter with no health, safety or environmental incidents and over 3,750 person-hours worked without reportable events, while production test wells 271-KA03PT06 and 271-KA03PT10 at Brakfontein delivered sustained strong gas flows totalling nearly 8 million cubic feet, with methane content above 98.5%. The company advanced its Project Alpha gas development by signing a binding Joint Development Agreement with FFS Refiners to co-develop a pilot LNG plant at Brakfontein, securing an initial R6.2 million funding tranche towards a R28.656 million Phase 1a program that includes drilling additional wells, upgrading existing wells, testing gas and certifying reserves, and preparing an LNG business case and production-right application. Kinetiko also broadened its capital markets reach with the commencement of trading on the North American OTCQB market under ticker KKOBF to enhance visibility and liquidity among U.S. investors, and strengthened its balance sheet via a $3.15 million share placement, leaving it at 31 December 2025 debt-free with approximately $2.353 million in available funds to accelerate Project Alpha and additional exploration to grow resources and reserves.
The most recent analyst rating on (AU:KKO) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Kinetiko Energy Ltd. stock, see the AU:KKO Stock Forecast page.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd (ASX: KKO) is an Australian-listed energy company focused on developing and commercialising its 100%-owned shallow conventional onshore gas projects in South Africa’s Mpumalanga Province, targeting the domestic gas and LNG market as an energy solution for the region.
Average Trading Volume: 211,023
Technical Sentiment Signal: Sell
Current Market Cap: A$107.5M
See more data about KKO stock on TipRanks’ Stock Analysis page.