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Kinetiko’s Latest and Deepest Core Hole Unveils Encouraging Findings

#KinetikoEnergy #MpumalangaGas #OnshoreExploration #SouthAfricaEnergy #CoreHole #Geology #NaturalGas #EnergySector

Kinetiko Energy, an ASX-listed company, has achieved a significant milestone in its onshore gas exploration activities in Mpumalanga, South Africa. The firm recently announced the successful completion of its deepest core hole to date, a development that underscores its commitment to advancing South Africa’s energy resources. The exploration work carried out in Block ER270 has shown promising results, indicating the potential for significant natural gas reserves.

The core hole, designated as 270-08C, reached a terminal depth (TD) of 745 meters, marking an important achievement for Kinetiko Energy and the broader energy sector in South Africa. This depth was achieved after drilling through the Dwyka tillites, a type of sedimentary rock, and encountering the granitic basement below. This transition is notable as it provides valuable geological insights and data that are crucial for understanding the area’s subsurface characteristics.

Kinetiko CEO Nick de Blocq expressed optimism following the exploration success, noting that the company managed to log the entire stratigraphy to TD. The comprehensive logging and analysis of the stratigraphy are vital steps in evaluating the area’s gas potential. These results are highly encouraging, as they suggest the possibility of tapping into new energy resources that could play a significant role in meeting South Africa’s growing energy demands.

This exploration success signifies a leap forward in enhancing South Africa’s energy independence and diversifying its energy mix. The findings from the 270-08C core hole could lead to further exploration and development activities in the region, ultimately contributing to the country’s economic development and energy security. As Kinetiko Energy continues its exploration efforts, the focus remains on responsibly unlocking the potential of South Africa’s natural gas reserves for the benefit of the nation and its people.

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