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Kinetiko Energy Ltd. ( (AU:KKO) ) has shared an announcement.
Kinetiko Energy Ltd has achieved a record gas flow from its second production test well at Brakfontein, with a peak gas flow of 1,600 Mscfd, significantly surpassing previous records. The success is attributed to optimised drilling procedures, which suggest earlier wells may benefit from enhancements. This development marks a significant step towards supplying the planned pilot LNG plant, indicating strong potential for commercial onshore gas production in the region.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is focused on developing energy solutions in South Africa, specifically targeting the commercialisation of advanced shallow conventional gas projects in the Mpumalanga Province. The company is working on creating a cluster of producing gas wells to supply a planned pilot LNG plant, aiming to deliver maiden LNG sales.
Average Trading Volume: 290,223
Technical Sentiment Signal: Buy
Current Market Cap: A$122.8M
For detailed information about KKO stock, go to TipRanks’ Stock Analysis page.