Kinetiko Energy Ltd. (AU:KKO) has released an update.
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Kinetiko Energy Ltd. has successfully wrapped up its 2022-2024 core hole exploration program with the completion of core hole 270-11C, which has shown promising results, including multiple gas-bearing zones totaling 90 meters. These findings, in conjunction with a 100% success rate in gas discovery across 38 core holes, suggest a significant expansion of the gas basin within Kinetiko’s territories. The company is now gearing up for a 9-month production test to further assess the commercial viability of the gas flow from these reserves.
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