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Kinetiko Energy Limited (ASX:KKO)

ALERT: Price-sensitive ASX Announcement for KKO
Current share price for KKO : $0.035 -0.034 (-49.28%)+
Announcement
Release
20 Oct 2025 9:41AM
Price at Release
$0.069
Full Release
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Summary
Kinetiko Energy Limited has reported significant gas volumes from extended flow testing at their production test wells 271-KA03PT10 and 271-KA03PT06 in the Mpumalanga Province. Well 271-KA03PT10 maintained a stable flow, producing a total of 3,522 Mscf at an average rate of 91 Mscfd over 40 days without a decline. Meanwhile, well 271-KA03PT06 showed a decline that plateaued, yielding 4,432 Mscf at an average rate of 164 Mscfd over 27 days. The gas, with a high methane content of over 98.5%, is expected to improve project economics and contribute to South Africa's energy solutions. The wells are part of a cluster that will supply a planned micro LNG pilot plant, enhancing the potential for long-term energy production in the region. These developments underline the project's viability and scalability, as assessed by Sproule B.V., with an assumption of a commercially viable initial flow rate of 50 Mscfd per well.
Key Points
  • Kinetiko Energy's wells produced nearly 8 million cubic feet of gas.
  • Well 271-KA03PT10 showed no decline after 40 days of testing.
  • Well 271-KA03PT06 plateaued after an initial decline.
  • Both wells have high methane content of over 98.5%.
  • The project is part of a joint development with FFS Refiners.
  • Economic modeling and feasibility studies are ongoing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.