Kinetiko Energy Ltd. (AU:KKO) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Kinetiko Energy Ltd has successfully completed its 2022-2024 core hole exploration program, encountering significant gas shows and maintaining a 100% success rate in gas pay zone intersections. Despite an unexpected outcome at its first well in a five-well production test program, the company remains confident in the potential of its remaining wells, bolstered by strong financial health with $4.29 million in available funds. The company’s strategic focus on South Africa’s gas resources could lead to substantial growth, with 6 TCF of contingent resources already confirmed.
For further insights into AU:KKO stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue