- Strong current gas flow of 92 Mscfd from production test well 271-KA03PT10 after 16 days of continuous testing with a total gas volume of 1,422 Mscf recovered during that period.
- Very high methane content of 99% recorded in gas being produced.
- The sustained flow rate significantly exceeds gas reserve calculations by independent certifier Sproule B.V., which assessed that a 50 Mscfd flow rate would produce positive economics1.
- Well 271-KA03PT10, the first production test well using optimised drilling procedures, is part of a seven well production cluster in the Brakfontein vicinity that includes well 271-A03PT06.
- Gas flow testing has now commenced on production test well 271-KA03PT06 at Brakfontein, where the choke test on completion recorded a peak gas flow of 1,600 Mscfd. The Company anticipates flow test results during October 2025.
- Gas flow testing is continuing to determine a sustained flow rate and ascertain depletion curve characteristics.
Kinetiko Energy Ltd (ASX: KKO) (Kinetiko or the Company) is developing an energy solution for South Africa, focused on commercializing 100% owned advanced shallow conventional gas projects in the Mpumalanga Province.
Kinetiko is pleased to advise that production test well 271- KA03PT10 has successfully completed an extended production gas flow test.
Well 271-KA03PT10 is located at Brakfontein, within 500 metres of historic production test wells, and is expected to, when connected to these historic wells, create the initial cluster of producing gas wells that will supply the planned micro LNG pilot plant.
Information from the extended flow tests will be used to model the economics of each production cluster and feasibility studies.
The reserve calculation completed by Sproule B.V. dated 1st July 2023, used an assumption of 50 Mscfd “initial rate” of gas from each well is commercially viable1.
Achieving extended flow rates above this level from this production test program will add significantly to the development economics and reserve estimates.
Testing has also commenced at KA03PT06, where a peak choke test of 1,600 Mscfd was recorded on completion. Flow test results are expected during October 2025.
Kinetiko Executive Chairman Adam Sierakowski commented: "Flow test results from this well have exceeded expectations and support the commercial viability of the Brakfontein cluster, which will be used to supply the initial LNG pilot plant, which is planned to commence construction in 2026.
The initial extended flow test results from the first well to implement drilling optimisation procedures are very positive, and testing will continue to ascertain how much the gas flow rate at 271-KA03PT10 can increase as dewatering continues.
The rate and very high-quality methane content being produced from the well will also improve economics.
As the company looks forward to more positive gas flow test results continuing from 271- KA03PT10 and anticipated from 271-KA03PT06, it can look forward to superior gas flow and depletion curve data that will be used to convert the Company’s substantial contingent resource to higher reserves.”
Read the ASX Announcement here: TESTING ACHIEVES STRONG COMMERCIAL GAS FLOW AT WELL 271-KA03PT10
Find out more about Kinetiko Energy: https://www.kinetiko.com.au/
About us:
Kinetiko Energy is a gas exploration company with a focus on advanced onshore shallow conventional gas opportunities in South Africa.
Kinetiko's tenements are located in South Africa's primary powerproducing region, near aging coal-fired power stations and infrastructure.
As South Africa shifts towards modern power solutions, the gas from Kinetiko's deposits is expected to provide base load power and act as
backup to renewables as part of the country's long-term energy future.
The Company has achieved maiden gas reserves with positive economics and has 6 trillion cubic feet (Tcf) of 2C contingent resources (alternatively described as having 2.8 Tcf of 1C contingent resources),2 establishing a substantial world-class onshore gas project. Kinetiko’s vision is to commercialise an energy solution for South Africa.
Contact details:
Adam Sierakowski
Executive Chairman
08 6211 5099
[email protected]
Mark Flynn
Investor Relations
+61 416 068 733
[email protected]
