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Kinetiko Energy Ltd intersects significant gas at South African project

The company observed significant gas flows under choked conditions, with gas sensed throughout the entire drilling of the production section from 130 metres onwards.

Kinetiko Energy Ltd (ASX:KKO) has intersected significant gas at its appraisal/development well Korhaan-4 in South Africa.

KKO completed drilling of the production section from 130 metres to 443 metres (terminal depth – TD) of Korhaan-4. TD was called only due to the tight structures encountered.

The company observed significant gas flows under choked conditions, with gas sensed throughout the entire drilling of the production section from 130 metres onwards.

Preliminary gas flows were established under choked conditions with the drill string in the well and natural groundwater flowback.

Logging of the well will now be undertaken in preparation for regulated flow testing early in January 2022.

This drilled section now describes the longest production interval in the current well set of the Amersfoort area.

Momentum at Korhaan-5

Korhaan-5 well has reached a depth of 150 metres and successfully cased and cemented the dolerite sill.

Drilling operations continue with the construction of a well cellar and will drill out of the plug/float collar in preparation for re-entry close to the second week of January 2022.

The company expects to find similar geology in Korhaan-5.

KKO will also recommence drilling at Korhaan-3 in January next year after the well was suspended at 102 metres.

About KKO

Kinetiko is an Australian gas explorer focused on advanced shallow conventional gas and coal bed methane (CBM) opportunities in rapidly developing markets in Southern Africa.

South Africa has extensive gassy coal basins, extensive energy infrastructure and a growing gas demand.

KKO has a large potential exploration area, of which approximately 7,000 square kilometres is granted and being explored.

Read More: Kinetiko Energy Ltd intersects significant gas at South African project

2021-12-19 19:00:00

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