Kinetiko Energy (ASX:KKO) said that its second natural gas production test well in South Africa, 271-KV06PT, reached a terminal depth of 631 meters, confirming its sustained gas presence, according to a Tuesday Australian bourse filing.
The well has been successfully flared. Further testing is being conducted to determine whether the amount of gas produced from the well is continuing to increase, the filing said.
The first production test well, 271-23PT, which was initially assessed as affected by a geological anomaly, also demonstrated increasing gas presence.
It began a drilling optimization study to evaluate whether the current drilling procedures may have created a temporary gas block in the well bore, which may stop initial gas flow, per the filing.
It will continue the production test well program after the study.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。