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Kinetiko Energy Ltd. ( (AU:KKO) ) has provided an announcement.
Kinetiko Energy Ltd has announced successful extended flow tests at its production test well 271-KA03PT06, located in Brakfontein, with gas flow rates reaching up to 188 Mscfd and a high methane content of 98.5%. This achievement more than doubles the flow rates of a previous well and supports the commercial viability of the Brakfontein cluster, which is set to supply a planned micro LNG pilot plant. The results are expected to enhance the development economics and reserve estimates, providing confidence in the geology and commercial potential of the wells.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is focused on developing energy solutions in South Africa, specifically through the commercialization of advanced shallow conventional gas projects in the Mpumalanga Province. The company is dedicated to tapping into the potential of its 100% owned gas fields to provide a sustainable energy source.
Average Trading Volume: 275,587
Technical Sentiment Signal: Buy
Current Market Cap: A$119.9M
For a thorough assessment of KKO stock, go to TipRanks’ Stock Analysis page.