Kinetiko Energy (ASX:KKO) spudded well 271-06PT, the second well in its production test program in South Africa, according to a Tuesday filing with the Australian Securities Exchange.
The program involves drilling five production test wells, followed by extended dewatering and gas flow testing for up to 90 days to determine flow rates and depletion curves, the filing said.
The initial gas flow results from well 271-06PT are anticipated to be released next month, according to the filing.
Price (AUD): $0.07, Change: $+0.0010, Percent Change: +1.39%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.