Kinetiko Energy Ltd. (AU:KKO) has released an update.
Kinetiko Energy Ltd. addresses South Africa’s escalating energy crisis with its advanced shallow conventional onshore gas resources, promising a swift and economically viable solution amidst the country’s declining coal and offshore gas supplies. The company has successfully completed an initial proof of concept and is gearing up for a fully funded five-well flow testing program in 2024. With a substantial 6.0 TCF (2C) Resource and the potential for significant growth, Kinetiko’s low-cost, low-risk development strategy leverages local infrastructure to meet the region’s high demand for gas.
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