Kinetiko Energy Ltd. (AU:KKO) has released an update.
Kinetiko Energy Ltd. has successfully closed its entitlement offer, raising approximately A$4.9 million to fund a significant five-well gas testing program aimed at boosting gas production in South Africa. The program, backed by strong shareholder support, is set to commence in Q3 2024, with results expected to facilitate increased resource and reserve certification. This development marks a significant step for Kinetiko in commercializing gas projects and advancing South Africa’s energy transition.
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