Kinetiko Energy Ltd: Successful Exploration Continues

Kinetiko Energy Ltd (ASX: KKO) provides an update on its onshore gas exploration and production development activities. Core hole 270-12C, spudded on 13 April 2024, has been completed, and strong gassy geology was intersected. The drilling revealed thick dolerite sill to 480 meters and gassy sandstones, coal, carbonaceous siltstones, and mudstone zones below.

The added depth of the gassy zones is expected to significantly increase the pressure and volume of the gas flow in future production well testing, thereby enhancing its future gas production potential. Wireline logging has been completed in core hole 270-12C. The exploration core results show dolerite sills, carbonaceous zones, and gassy sandstones. The sandstone gas effect was identified between 510 meters and 742 meters.

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