Kinetiko Energy, a Perth-based energy exploration business, has presented an update on its operational activities, including major new exploration beginning, including the first new gas wells drilled in over eight years.
The Company has been in the process of negotiations with a number of drilling and related contractors in both South Africa and Botswana and has completed an engagement with Torque Africa Exploration who has the largest fleet of drilling rigs in the sub-continent and vast expertise in the drilling required on the Korhaan project. The upcoming three-well drilling programme to be drilled within 400 metres of KKO’s proposed gas collection terminal at Amersfoort where access and infrastructure is being established, focusing on developing new gas discoveries and potentially creating a five well pilot production cluster.
The three new wells, dubbed Korhaan-3, Korhaan-4, and Korhaan-5, are expected to reach a depth of up to 450 metres and will be used to test the gassy sandstones and coal bed methane ("CBM") horizons from known coal beds that were intersected and found to be gassy by adjacent (400 metre) flow tested gas wells KA 03PT2 and KA 03 PTR (now known as Korhaan-1 and Korhaan-2).
The programme will comprise two drill rigs with the first rig (B21) spudding Korhaan-4 imminently and doing a percussion/air-drilled well. The second rig (B16) will spud Korhaan-3 two weeks later and drill with a rotary mud system through the 300m production interval. Rig B21 will then re-drill Korhaan-5 using percussion/air, with all drilling activities expected to be finished by early December. After logging, all three wells will be flow tested. Early in 2022, the Company plans to return to each well and case, cement, and perforate it in order to maximise gas output while minimising or eliminating water entry.