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Kinetiko hammered after well disappointment

Share price dives by 28% after South African production well failure

Colin Sandell-Hay
Kinetiko has identified an sizeable gas project in South Africa.

Kinetiko has identified an sizeable gas project in South Africa. | Credits: Kinetiko Energy.

The share price of Australian junior gas developer Kinetiko Energy (ASX: KKO) has crashed by more than 28% after an unexpected failure with the drilling of the first production well at its conventional...

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