Kinetiko Energy Ltd (ASX:KKO) has kicked off a three-well drilling program on the Korhaan Project in energy-hungry South Africa with Korhaan-4 well spudded.

A second well at Korhaan-3 is expected to be spudded in the week commencing November 15, 2021, while a third well at Korhaan-5 will be spudded within days after Korhaan-4 has been drilled to designed depth.

Korhaan-4 is estimated to reach a depth of 400-450 metres to test the gassy sandstones and coal bed methane horizons from the known coal beds that were intersected and observed to be gassy from adjacent flow tested gas wells KA-03PT2 and KA-03PTR.

All five wells are intended to become its early, pilot-production sources of gas, with comingled production to an infield offtake facility being planned.

Three-well drilling program

The well locations of the Korhaan drilling project.

This three-well drilling program will be drilled within 400 metres of Kinetiko’s proposed gas collection terminal at Amersfoort, where access and infrastructure is being established.

The company has also engaged experienced contractors to complete the well cementing and wireline logging.

Preliminary gas flow rates will be assessed following the completion of well Korhaan-4, with further reports to follow each well’s conclusion.

Wells Korhaan-4 and -5 will be drilled using air/percussion mechanisms while Korhaan-3 will be drilled with air to 150 metres and then using a rotary mud methodology to designed depth.

The efficacy of each method will be studied in terms of safety, environmental impact, rate of penetration and ‘skin’ damage which will inform the approach to the planning and design of future, multi-well batch drilling projects.

AGM postponed

Kinetiko Energy has postponed its annual general meeting (AGM) in accordance with ASIC Corporations (Extension of Time to Hold AGMs) Instrument 2021/770, which provides companies with a 30 June year-end an additional two months to hold their AGMs.

Accordingly, the AGM will be held at 10.00AM (WST) on Wednesday, December 8, at Level 24, 44 St Georges Terrace, Perth, Western Australia.

Full details of the meeting will be available upon release of the notice of meeting.

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