Kinetiko Gets Strong Results From South African CBM Wells

Perth-based Kinetiko Energy has recovered its strongest initial CBM core sample to date in its Volksrust licence, Amersfoort Project, South Africa. Greater gas volumes can be expected than originally assessed as gas zone are occurring deeper in the core holes, the company said.

The Australia gas explorer has completed three core holes and two more are nearly complete. A total of eight exploration core holes are planned on the Volksrust licence which is expected to complete in the first quarter of 2013.

The Amersfoort Project is located in South Africa’s Mpumalanga region, 250 km east of Johannesburg. Mpumalanga is a highly prospective area for coal-bed methane (CBM) with well documented, gassy coal measures and with gassy sandstones overlying the coal horizons.

Kinetiko is the operator of two gas licences in the Amersfoort Project (49% interest) covering 1,601 sq km under an agreement with South African partner, Badimo Gas. Estimates suggest that the Amersfoort Project to have Prospective resources 'Gas In Place' of 2.4tcf.