Kinetiko Energy Ltd, onshore gas explorer in the Southern African energy markets, is pleased to update the market as follows:
◾ KA-03PT2 has been spudded, cased and successfully drilled to a total depth of 458m;
◾ Pumping is expected to commence within 5 days, following downhole logging and the establishment of pump and surface testing equipment;
◾ The completion of three pilot production wells is anticipated early November 2013 and testing will continue over 4-6 weeks post completion.
Unless otherwise specified information in this report relating to exploration and related technical comments have been compiled by Dr James Searle, a Member of the Australian Institute of Mining and Metallurgy, and a non -executive Director of Kinetiko Energy Ltd with over 40 years experience in metallic and energy minerals exploration and development, including over 5 years experience in hydrocarbon exploration. Dr Searle consents to the inclusion of this information in the form and context in which it appears.