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Kinetiko Energy Limited (ASX:KKO)

ALERT: Price-sensitive ASX Announcement for KKO
Current share price for KKO : $0.045 -0.025 (-35.71%)+
Announcement
Release
30 Jan 2026 12:04PM
Price at Release
$0.070
Full Release
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Summary
During the quarter ending 30 December 2025, Kinetiko Energy Limited reported significant developments including no recorded safety incidents, successful gas flows from key production wells, and the signing of a Joint Development Agreement with FFS Refiners to initiate a pilot LNG plant. Project Alpha Phase 1A is set to advance with co-funded drilling and gas testing. In financial activities, Kinetiko successfully raised funds through a share placement and commenced trading on the North American OTCQB Market, maintaining a healthy cash position of $2.353 million by the period's end.
Key Points
  • Kinetiko Energy reported no health, safety, or environmental incidents for the quarter.
  • Strong gas flows were sustained from wells 271-KA03PT06 and 271-KA03PT10.
  • Kinetiko signed a Joint Development Agreement with FFS Refiners for a pilot LNG plant.
  • Project Alpha Phase 1A includes co-funded drilling and gas testing.
  • Kinetiko commenced trading on the North American OTCQB Market.
  • Kinetiko completed a successful share placement to raise funds.
  • Cash balance at the end of December 2025 was approximately $2.353 million.
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.