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Kinetiko Energy Pushes Forward After First Well Disappoints in Five-Well Test
11:20am on Friday 31st of January, 2025 AEDT
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Energy
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Kinetiko Energy Pushes Forward After First Well Disappoints in Five-Well Test
11:20am on Friday 31st of January, 2025 AEDT
Key Points
First well in five-well program failed to produce commercial gas quantities
Second well drilling commenced near key infrastructure with promising geological indicators
Company holds 6 TCF contingent gas resource with potential for growth
Strong cash position of approximately $2.28 million with no debt
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Kinetiko Energy (ASX:KKO)
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