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Kinetiko Energy Ltd. ( (AU:KKO) ) has provided an update.
Kinetiko Energy Ltd has commenced drilling at its production test well 271-KA03PT10 in Brakfontein, South Africa, as part of its transition from an explorer to a gas producer. This well is part of a cluster that will supply gas to a planned pilot LNG plant, expected to begin operations in late 2026. The development underscores Kinetiko’s role in the growing South African onshore gas sector, particularly in methane and helium resources. The company’s strategic advancements are aligned with increasing investments in the region’s energy transformation, with the potential to drive micro LNG systems and deliver commercial LNG sales.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is an energy company focused on developing advanced shallow conventional gas projects in the Mpumalanga Province of South Africa. The company aims to commercialize its 100% owned methane resources and is positioning itself as a strategic onshore gas developer in the region.
Average Trading Volume: 146,831
Technical Sentiment Signal: Hold
Current Market Cap: A$103.6M
For an in-depth examination of KKO stock, go to TipRanks’ Overview page.