InvestSMART

Kinetiko Energy Limited (ASX:KKO)

ALERT: Price-sensitive ASX Announcement for KKO
Current share price for KKO : $0.040 -0.017 (-29.82%)+
Announcement
Release
24 Apr 2026 8:51AM
Price at Release
$0.057
Full Release
download
Summary
Kinetiko Energy Limited reported their quarterly activities and cash flow for the period ending 31 March 2026, highlighting their focus on the development of the Brakfontein CNG cluster as part of the Rolling Cluster Development Strategy targeting future LNG production. Regulatory submissions are planned, and the company maintains a secure financial position. A joint agreement with FFS Refiners supports ongoing development activities, despite cash outflows in exploration and evaluation. The financial report details various cash flow activities within the company.
Key Points
  • Kinetiko Energy Limited reported on their gas field development and production activities for the quarter ending 31 March 2026.
  • The Rolling Cluster Development Strategy (RCDS) was announced, targeting staged scale-up from initial CNG production to full-field LNG.
  • Phase 1 of RCDS focuses on the Brakfontein CNG cluster, with gas revenues targeted for Q2/Q3 2027.
  • Regulatory submissions to PASA and NERSA are planned for April - May 2026.
  • The Joint Development Agreement with FFS Refiners supports Phase 1a development activities at Brakfontein.
  • As of 31 March 2026, Kinetiko maintained a financial position with $1.375 million in available funds.
  • The company had cash outflows for exploration and evaluation amounting to approximately A$352k.
  • The quarterly report includes a consolidated statement of cash flows reflecting cash movements in operating, investing and financing activities.
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.