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KINETIKO ENERGY: CORE WELL 270-05C INTERSECTS SIGNIFICANT GASSY ZONES

Significant Gassy Zones

  • Core well 270-05C intersects significant gassy zones in targeted deeper carbonaceous geology
  • The core well is approximately 10kms from South Africa’s largest gas pipeline
  • Ongoing exploration success supports potential for large scale production

Core well 270-05C spudded in March 2023 approximately 10kms from South Africa’s largest gas pipeline, the Lily Pipeline, which feeds the industries of the KwaZulu-Natal midlands and coastal cities. The core hole started encountering intermittent gassy zones from a depth of 175m with strong visible gas emissions observed from core samples at depths below 220m with drilling continuing.

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