Strong gas results from first core wells close to Secunda

Highlights

The primary two core wells in ER272 close to the Secunda refinery has been efficiently accomplished
Wireline logging outcomes have established important sandstone gasoline intervals in each wells of over 100m 
Accelerated twin rig exploration continues with two additional core wells anticipated to be spudded in ER272 this week
Core nicely located only some kilometres from main South African vitality infrastructure.

KINETIKO Power Ltd, an Australian gasoline explorer and developer targeted on superior shallow standard gasoline and coal mattress methane in South Africa, an replace on its onshore gasoline exploration and manufacturing growth actions.

Core nicely 272-01C and 272-02C spudded in early Might and in shut proximity to each Sasol’s Secunda refinery (potential gasoline off taker) and South Africa’s largest gasoline pipeline the Lily pipeline, have been efficiently accomplished with logging outcomes indicating sturdy potential for gasoline discipline growth.

Kinetiko CEO, Nick de Blocq, commented: ”It’s at all times very rewarding to enter a brand new exploration block and have such an unexpectedly excessive degree of success within the preliminary core holes. The TD (Terminal Depth) was shallower than what we encountered additional south, simply as predicted, because of the sloping nature of the Karoo basement buildings; so the logged stratigraphy returning over 100m of gassy pay in each 272-01C and 272-02C was a most encouraging final result. We’re within the technique of shifting the 2 core rigs to websites 272-06C and 272-08C because of the logistical expedience of proximity, and we now have no cause to anticipate something however success from these core holes as nicely. After all, the strategical placement of the present exploration effort so near Secunda is apparent. Sasol runs one of many world’s largest and greatest Coal-To-Liquids crops at Secunda, and so they have said their want to maneuver in direction of a Gasoline-To-Liquids conversion as they cut back air pollution while rising the quantum of their fuels output going ahead. We completely anticipate to be a big a part of that optimistic evolution in direction of greener liquid fuels.”