Kinetiko Energy Ltd (ASX: KKO) announced the renounceable pro-rata Entitlement Offer to eligible shareholders, which was announced on the ASX on 15 May 2024, closed on 11 June 2024, and raised approximately AU$4.9million.
The funds raised through the Entitlement Offer will allow the Company to undertake to drill five production appraisal wells in its exploration rights 271 and 270. The location of the wells is planned to identify high-flow rate gas zones and potential sites for developing production clusters near existing energy infrastructure.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
