Kinetiko Energy Ltd. (AU:KKO) has released an update.
Kinetiko Energy Ltd. has made significant strides in its South African gas operations by successfully demonstrating power generation from a gas well, paving the way for a planned 30-well LNG production cluster. The company completed a key well, indicating substantial gas reserves, and is financially robust with $7.21m in funds and no debt. These developments showcase Kinetiko’s potential to contribute to South Africa’s energy needs and highlight its growing commercial viability in the region.
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