Kinetiko Energy Ltd (ASX:KKO) has cored and logged its first core well 270-06C at the Southern Exploration Right 270 in South Africa, with preliminary results described as “very encouraging”.
The gas explorer and developer cored the entire stratigraphical profile from the top of the dolerites to a terminal depth of 545 metres.
Core hole 270-06C, spudded on November 3, was designed to test the potential of the southerly dipping basement structures.
Visible gas omissions from core samples from 270-06C.
First of many
“This borehole represents the first of many we have planned in this area,” Kinetiko chief executive officer Nick de Blocq said.
“The preliminary logging results are very encouraging and the results of the core desorption tests are awaited with great anticipation.
“We have confidence in our theory to discover higher pressures and gas flow rates with another successful effort in our growing list of gas-rich exploration boreholes.
“The proximate location of our southernmost boreholes to the steel-smelting and manufacturing centre of Newcastle could mean a simplified logistical solution to get the gas to an increasingly hungry market.”
Location of core well 270-06C on Exploration Right 270.
What’s next?
The company is currently conducting onsite gas emission and desorption analysis on the core samples.
About 60 kilometres south of the recently-completed 271-23C core well, the 270-06C well is anticipated to encounter deeper sandstone and coals and open up an entirely new area for possible gas production.
Meanwhile, drilling elsewhere will continue to focus on identifying further gas-laden sandstones, coals and other carbonaceous structures and extend the continuity of potential gas fields.
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