Kinetiko Energy Ltd. ( (AU:KKO) ) has provided an announcement.
Kinetiko Energy Ltd has released an interim drill optimisation report highlighting findings from its production test wells in South Africa. The report, conducted by Oilfield Technologies Australia, identifies excessive water introduction during drilling as a temporary impediment to gas flow. However, simple remediation strategies have been proposed to enhance gas recovery, supporting Kinetiko’s transition from exploration to commercial production. The insights from this program are expected to improve future well performance and accelerate resource conversion, reinforcing the commercial viability of Kinetiko’s gas resources.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is an energy company focused on developing advanced shallow conventional gas projects in the Mpumalanga Province of South Africa. The company aims to commercialize its 100% owned gas resources, positioning itself as a first mover in South African onshore gas exploration.
Average Trading Volume: 271,438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$100.3M
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