Source: Kinetiko Energy
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  • Kinetiko Energy (KKO) provides an operations update regarding its Korhaan Project
  • Drill rigs B21 and B16 and operational crews returned to site on January 10 with work resuming at Well Korhaan-4, Well Korhann-5 and Well Korhann-3
  • Wells 4 and 5 will be subject to flow testing to establish pressure and flow stability with a more sophisitcated solution to be undertaken based on results
  • Well 3 will be cased and cemented with a cement bond log and verticality check run to be performed and drilled to production target depth once completed
  • Kinetiko is steady on the market with shares trading at 8.9 cents

Kinetiko Energy (KKO) has provided an operations update regarding its Korhaan Project.

Drill rigs B21 and B16 and operational crews returned to the site on January 10 with work resuming at Well Korhaan-4, Well Korhann-5 and Well Korhann-3.

Well Korhann-4

Drilling has been completed from 130 metres to 443 metres with significant preliminary gas flows established under choked conditions.

After a quick clean up, logging tools, including gamma ray, density and neutron, will be run to establish stratigraphy, coal seams and locations of water and gas.

A flow test will also be undertaken over a period of at least one week to enable time to establish pressure and flow stability in low-perm conditions.

Based on the results of the flow test, plans will be made to undertake a more sophisticated solution involving the casing and perforation of the gassy zones which is expected to further increase flow rates and minimise or negate water ingress.

Well Korhaan-5

Drill rig B16 will begin to drill out the cement plunge/float shoe and continue straight into the production section to terminal depth.

Well testing will also be completed at Well Korhaan-5 and a more sophisticated solution will be undertaken based on results.

Well Korhaan-3

Rig B21 will run a clean out to a depth of 102 metres at Well Korhaan-3 before completing the surface section to roughly 130 metres to 150 metres.

Once completed, the surface section will be cased and cemented with a cement bond log and verticality check run to be performed.

Once the cement has dried and the logs have been run, the plug and shoe will be drilled out and Well Korhaan-3 will be progressed by drilling to production target depth.

Kinetiko was steady on the market with shares trading at 8.9 cents at 3:24 pm AEDT.

KKO by the numbers
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