Breakdown | |||||
TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
-310.00 | -784.46K | -46.86K | -21.94K | -5.58K | -530.00 | EBIT |
― | -3.98M | -3.61M | -3.58M | -1.78M | -1.44M | EBITDA |
― | -3.98M | -3.56M | -3.56M | -1.78M | -1.44M | Net Income Common Stockholders |
― | -5.32M | -4.34M | -5.82M | -1.70M | -1.87M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
1.01M | 7.21M | 3.56M | 1.35M | 190.86K | 1.11M | Total Assets |
8.53M | 74.96M | 13.22M | 9.86M | 7.84M | 7.87M | Total Debt |
0.00 | 1.47M | 250.00K | 250.00K | 0.00 | 0.00 | Net Debt |
-1.01M | -5.74M | -3.31M | -1.10M | -190.86K | -1.11M | Total Liabilities |
734.73K | 2.73M | 999.42K | 720.62K | 298.91K | 558.15K | Stockholders Equity |
7.79M | 72.14M | 12.22M | 9.14M | 7.54M | 7.32M |
Cash Flow | Free Cash Flow | ||||
― | -3.78M | -3.99M | -3.83M | -1.97M | -1.70M | Operating Cash Flow |
― | -3.75M | -3.86M | -3.64M | -1.96M | -1.70M | Investing Cash Flow |
― | -4.03M | -1.73M | -1.24M | -234.53K | -325.95K | Financing Cash Flow |
― | 11.44M | 7.81M | 6.04M | 1.27M | 3.06M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
57 Neutral | $7.23B | 3.16 | -4.49% | 5.63% | 0.82% | -49.15% | |
42 Neutral | AU$71.63M | ― | -9.01% | ― | ― | 32.31% | |
$1.97B | 32.00 | 2.70% | 3.83% | ― | ― | ||
$128.17M | 20.79 | 3.89% | ― | ― | ― | ||
$11.84B | 12.62 | 14.75% | 5.52% | ― | ― | ||
$13.85B | 11.67 | 7.94% | 5.31% | ― | ― |
Kinetiko Energy Ltd reported significant progress in its gas production efforts during the first quarter of 2025. The company achieved successful gas flaring from its second production test well and observed stronger gas presence in its first well, indicating potential for increased gas production. The company is conducting a drilling optimization study to address initial gas flow restrictions, with preliminary findings suggesting improvements in drilling techniques could enhance gas recovery. Kinetiko maintains a strong financial position with no debt and substantial available funds.
Kinetiko Energy Ltd has completed a positive flow assurance report conducted by Oilfield Technologies Australia Pty Ltd, which identified significant impairments in gas flow performance due to drilling techniques. Laboratory tests revealed that water and foam used in drilling significantly reduced gas permeability by up to 85%, explaining the underperformance of initial production test wells. The company plans to implement optimized drilling techniques to minimize fluid invasion and improve gas deliverability, with the next test well drilling scheduled for early May.
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.
Kinetiko Energy Ltd has released its interim financial report for the half-year ending December 31, 2024. The report provides insights into the company’s financial performance, including profit or loss, comprehensive income, financial position, changes in equity, and cash flows. This release is crucial for stakeholders to assess the company’s financial health and strategic positioning in the energy sector.
Kinetiko Energy Ltd has announced positive outcomes from its production test wells, confirming the presence of gas and improved gas flows. The second test well, 271-KV06PT, successfully reached a depth of 631m and demonstrated a sustained gas presence, while the first test well, initially thought to have a limited reservoir, also showed increasing gas presence. The company has initiated a drilling optimization study to assess possible temporary gas blockages caused by drilling techniques. These developments affirm the ubiquity of gas-bearing geology across Kinetiko’s exploration rights, supporting the potential for future gas fields.