Kinetiko Energy Advances Gas Field Testing Program

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

Kinetiko Energy Ltd. has initiated site preparations for the first in a series of five production test wells aimed at evaluating the commercial viability of a gas field in South Africa’s Mpumalanga Province. The extensive nine-month drilling program, following a successful capital raise, will test the wells’ flow rates to confirm the potential of the adjacent gas field development. This strategic move leverages the proximity of existing energy infrastructure to expedite the certification of gas reserves and future production.

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