Kinetiko Spuds Second South Africa CBM Well

Kinetiko Energy, as the Amersfoort Joint Venture operator with its Joint Venture partner Badimo Gas, has announced that its second pilot production well at the Amersfoort in South Africa has spudded. The second well, KA-10PT, is approximately 8km from the first pilot production well, KA-03PTR.

KA-10PT will be a single or a two stage completion and is expected to complete by mid- December.

This pilot production well is the second of a program of 3 to be drilled on the northern Amersfoort JV license (56ER) and scheduled for completion in early 2013. These will be followed by two to 3 more on the southern license are (38ER).

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.