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Kinetiko spuds second Amersfoort pilot production well


Published Dec 3, 2012
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Kinetiko Energy Limited

The Amersfoort Project is located at the heart of South Africa's energy infrastructure in Mpumalanga in South Africa, 250Km 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 1,601km2 under an agreement with South African partner: Badimo Gas Ltd. US based independent, oil and gas consultant: Gustavson Associates estimates the Amersfoort Project to have Prospective resources 'Gas In Place' of 2.4tcf (up from 1.7tcf in 2011) and Contingent Resource of 1.5tcf. The aim of the exploration program is to classify Reserves.

Exploration drilling at Amersfoort commenced late 2011 and current programs are scheduled to continue to mid-2013.

Tags: Kinetiko Energy Limited




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