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Kinetiko Energy Ltd. ( (AU:KKO) ) just unveiled an announcement.
Kinetiko Energy Ltd has entered into a non-binding term sheet with FFS Refiners to co-develop a pilot gas liquefaction plant aimed at accelerating the production of liquefied natural gas (LNG) from its Brakfontein wells. This collaboration is expected to expedite small-scale gas production, with plans for a binding Joint Development Agreement to be executed within 30 days. The partnership aims to co-fund drilling, apply for production rights, and certify gas reserves, ultimately expanding gas production and supply in stages. The initiative underscores Kinetiko’s strategy to efficiently deliver gas to the industrial energy market while enhancing sustainability and security of supply in Southern Africa.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is a company operating in the energy sector, focusing on the development and production of natural gas resources. The company is involved in the exploration and potential supply of liquefied natural gas (LNG) to the South African market, with a strategic emphasis on phased multi-site development projects.
Average Trading Volume: 157,888
Technical Sentiment Signal: Sell
Current Market Cap: A$88.79M
See more data about KKO stock on TipRanks’ Stock Analysis page.