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Kinetiko Energy Ltd. ( (AU:KKO) ) has shared an update.
Kinetiko Energy Ltd reported no safety incidents during the quarter, highlighting their commitment to health and safety. The company has commenced drilling its third gas production test well at Brakfontein, part of a program aimed at enhancing gas recovery and positioning the company as a key player in South Africa’s energy sector. They have signed a non-binding term sheet with FFS Refiners to accelerate pilot LNG plant development and completed a $2.2 million share placement to fund ongoing projects. Kinetiko maintains a strong financial position with no debt and significant available funds.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd (ASX: KKO) is focused on developing energy solutions for South Africa by commercializing its 100% owned advanced shallow conventional gas projects in the Mpumalanga Province.
Average Trading Volume: 146,831
Technical Sentiment Signal: Hold
Current Market Cap: A$103.6M
See more data about KKO stock on TipRanks’ Stock Analysis page.