Kinetiko Announces Technical Discovery on the Amersfoort Project

Following completion of the first flow rate tests at well KA-03PT at the Amersfoort Project in South Africa, Kinetiko Energy has said that that independent oil and gas engineers Gustavson Associates have reported a stabilised flow rate of 332 Mscf/day.

Detailed gas testing from 24th January to 3rd March produced dry methane rich gas, from an unstimulated, vertical, barefoot completion that targeted coal bed methane (CBM) from sandstones, carbonaceous mudstones and coals.

Over the next 4 weeks engineering analysis will include the incorporation of CBM and overall estimated gas and water production curves for this single well, the company said.

The JV’s pilot test well program continues with a fifth pilot test well (KA-07PT) reaching a first stage depth of 285m to test sandstone gas (i.e. conventional); before a second stage to depth to test combined sandstone gas and CBM.

The Badimo/Kinetiko JV now aim to book initial 3P/2P Reserves by mid 2013, in order to maximise commercial outcomes.

“Five exploration pilot test wells have been drilled and will continue to be tested on the northern Amersfoort Project licence (56ER) by mid June 2013. These will be followed by five more on the southern licence (38ER) following final JV and regulatory approval,” Kinetiko said.