Kinetiko Energy’s Strategic Shift in South African Gas Exploration

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

Kinetiko Energy Ltd. has completed drilling its first well in a five-well program in South Africa, but it failed to produce commercial quantities of gas due to a geological anomaly. Despite this setback, the company is optimistic about the potential of the remaining wells, which are situated in promising locations and supported by historical data. The cost-effective strategy of drilling shallow wells allows Kinetiko to efficiently explore and potentially become a key supplier to South Africa’s energy market.

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