Kinetiko Energy Advances Gas Production with Third Test Well in South Africa

Kinetiko Energy Ltd. ( (AU:KKO) ) has shared an announcement.

Kinetiko Energy Ltd has commenced drilling its third gas production test well, 271-KA03PT10, in Brakfontein as part of its production test program. This initiative incorporates optimized drilling procedures to enhance gas recovery and is expected to provide critical insights into the reservoir characterization of Kinetiko’s gas fields. The well is strategically located to supply gas to a pilot LNG plant, with first gas flow results anticipated before July 2025. This development positions Kinetiko as a potential major supplier to South Africa’s power grid, addressing the country’s urgent need for alternative energy solutions.

More about Kinetiko Energy Ltd.

Kinetiko Energy Ltd is an energy company focused on developing shallow conventional gas projects in South Africa’s Mpumalanga Province. The company aims to commercialize its 100% owned gas fields to provide alternative energy solutions, with a significant focus on supplying gas to South Africa’s power grid.

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Technical Sentiment Signal: Sell

Current Market Cap: A$85.96M

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