Kinetiko to Test First South Africa CBM Well

Kinetiko Energy has completed preparation for testing on its first South African pilot exploration well.

The company expects the first independently certified water and gas flow rates by mid-March and register potential reserves and boof 2P/3P reserves by April.

Kinetiko also aims to drill and test five pilot exploration wells on the northern Amersfoort Project licence (56ER) by June 2013. These will be followed by two or three more on the southern license.

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.