Kinetiko sets its sights on southern Amersfoort gas well after completing key core hole

amersfoort gas-to-power

The company’s next core well — 270-06C — is ready for spudding in the far south, where the well’s deeper basement broadens the potential for thicker gassy zones.

Kinetiko Energy Ltd (ASX:KKO) has closed the books on a gas and coal bed methane drilling campaign at core hole 271-23C in energy-hungry South Africa.

The energy stock hit significant gassy zones and up to 247 metres worth of gas-bearing geological sequences during the drill campaign, which intersected the hole’s targeted carbonaceous geology.

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