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Kinetiko Energy Ltd. ( (AU:KKO) ) has shared an update.
Kinetiko Energy Ltd has reported successful results from its production test well 271-KA03PT10, achieving a strong gas flow of 92 Mscfd with a high methane content of 99%. This flow rate significantly exceeds the 50 Mscfd threshold deemed commercially viable by independent certifier Sproule B.V., enhancing the economic prospects of the Brakfontein cluster. The company is conducting further tests to determine sustained flow rates and depletion characteristics, with plans to connect this well to historic wells for a micro LNG pilot plant. The positive results support the commercial viability of the cluster and are expected to contribute to higher reserve estimates.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is an energy company focused on commercializing advanced shallow conventional gas projects in South Africa’s Mpumalanga Province. The company is working on developing an energy solution for the region, with a market focus on supplying gas to a planned micro LNG pilot plant.
Average Trading Volume: 284,236
Technical Sentiment Signal: Buy
Current Market Cap: A$116.9M
Find detailed analytics on KKO stock on TipRanks’ Stock Analysis page.