Kinetiko Energy Ltd. ( (AU:KKO) ) has shared an announcement.
Kinetiko Energy Ltd has received an initial funding tranche of R6,200,000 from FFS Refiners to accelerate the development of a pilot gas plant for LNG production at Brakfontein as part of Project Alpha. This funding is part of a Joint Development Agreement aimed at co-developing the project, which includes drilling additional wells, certifying gas reserves, and applying for production rights. The initiative is expected to support a 5,000tpa LNG plant and potentially expand production capacity significantly in future phases, enhancing Kinetiko’s industry positioning and offering growth opportunities for stakeholders.
More about Kinetiko Energy Ltd.
Kinetiko Energy Ltd is a company operating in the energy sector, focusing on the development and production of liquefied natural gas (LNG). The company is primarily engaged in gas field development activities, with a market focus on expanding LNG production capabilities.
Average Trading Volume: 270,840
Technical Sentiment Signal: Sell
Current Market Cap: A$105.8M
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