Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Kinetiko Energy Ltd. ( (AU:KKO) ) has provided an update.
Kinetiko Energy Ltd. has initiated a production test well as part of its exploration program in South Africa, aiming to address the region’s energy crisis caused by declining coal and offshore gas supplies. The company’s substantial resource base of 6.0 TCF (2C) and an additional 5.8 TCF (2U) prospective resource positions it as a key player in providing a low-cost, low-risk energy solution, leveraging local infrastructure for efficient energy conversion and supply.
More about Kinetiko Energy Ltd.
Kinetiko Energy is a gas explorer focused on advanced shallow conventional onshore gas in South Africa. The company has discovered a world-class resource, adjacent to widespread energy infrastructure and a domestic economy with an insatiable demand for energy.
Average Trading Volume: 184,738
Technical Sentiment Signal: Sell
Current Market Cap: A$85.96M
See more data about KKO stock on TipRanks’ Stock Analysis page.