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Kinetiko Energy Ltd. ( (AU:KKO) ) has issued an announcement.
Kinetiko Energy Ltd recently hosted a successful site visit and gas flaring demonstration at its Brakfontein gas project, attended by key government officials, including South Africa’s Minister of Mineral and Petroleum Resources. The event highlighted the commercial production potential of Kinetiko’s shallow sandstone reservoir and marked a significant milestone towards the company’s gas commercialization efforts. The Brakfontein cluster is integral to Project Alpha, a joint initiative with FFS Refiners to develop a micro-LNG plant, initially producing 5,000 tonnes per annum, with scalability to 125,000 tpa. The presence of government representatives underscored strong support for Kinetiko’s domestic gas development, reinforcing its role in South Africa’s energy landscape.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is an energy company focused on developing and commercializing advanced shallow conventional gas wells in South Africa’s Mpumalanga Province. The company aims to provide energy solutions through its onshore conventional gas fields, with a particular emphasis on low-cost development and scalability.
Average Trading Volume: 263,537
Technical Sentiment Signal: Sell
Current Market Cap: A$108M
See more insights into KKO stock on TipRanks’ Stock Analysis page.