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The latest update is out from Kinetiko Energy Ltd. ( (AU:KKO) ).
Kinetiko Energy Ltd has successfully completed the drilling of production test well 271-KA03PT10 at Brakfontein, achieving a peak gas flow rate of 370 Mscfd. The implementation of optimised drilling procedures has resulted in strong initial gas flows, supporting the company’s strategy to build production capacity and transition to first LNG sales. The well is part of a cluster intended to supply a micro LNG plant, with further flow rate testing underway and additional drilling planned.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is a company 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 towards establishing a cluster of producing gas wells to supply a planned micro LNG pilot plant.
Average Trading Volume: 206,264
Technical Sentiment Signal: Buy
Current Market Cap: A$146.5M
For an in-depth examination of KKO stock, go to TipRanks’ Overview page.
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