Kinetiko Energy Secures Funds for Gas Expansion
Company Announcements

Kinetiko Energy Secures Funds for Gas Expansion

Kinetiko Energy Ltd. (AU:KKO) has released an update.

Kinetiko Energy Ltd. has successfully closed its entitlement offer, raising approximately A$4.9 million to fund a significant five-well gas testing program aimed at boosting gas production in South Africa. The program, backed by strong shareholder support, is set to commence in Q3 2024, with results expected to facilitate increased resource and reserve certification. This development marks a significant step for Kinetiko in commercializing gas projects and advancing South Africa’s energy transition.

For further insights into AU:KKO stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App