The exploration success continues for Kinetiko Energy Ltd (ASX:KKO, OTC:KKOEF) as it works to develop an energy transition solution for South Africa focused on commercialising advanced shallow conventional gas projects in the Mpumalanga Province.
Results from onshore gas exploration and production development activities have further amplified the company’s assumption that massive gas-laden fairways exist across the company’s exploration rights.
This exploration success continues with the successful completion of core hole 270-12C — which spudded on April 13, 2024 — intersecting strong gassy geology.
Multiple zones
The core hole intersected multiple zones along with significant gas shows from targeted deeper carbonaceous geology. It intersected gas-bearing geological sequences totalling 87.5 metres with log analysis completed.
This hole was drilled in some of the company’s southernmost geology and is around 30 kilometres from the recent successful core well 270-08C.
Core hole 270-12C was drilled and cored to a depth of 742.9 metres making it one of the deepest drilled by the company, with thick dolerite sill to 480 metres and gassy sandstones, coal and carbonaceous siltstones and mudstone zones below.
Kinetiko notes that the added depth of the gassy zones should increase the pressure and volume of the gas flow in future production well testing.
Wireline logging completed
Wireline logging has been completed in core hole 270-12C with exploration core results comprising dolerite sills, carbonaceous zones and gassy sandstones.
Gas effect in sandstones was identified between 510 metres and 742 metres. This does not include carbonaceous zones or sandstone zones less than 1-metre thick which the company says may also contribute gas in a producing well.
Exploration continues
Further core hole exploration continues with the spudding of core well 270-11C which occurred on June 7, 2024.
This phase of exploration in ER270 with the drilling of core hole 270-11C achieves the successful conclusion of the regulator-required work program in Block ER270 and the company’s exploration focus will switch to the five appraisal production wells expected to be commenced within the next 4-6 weeks.