Kinetiko Energy Ltd's successful completion of core hole exploration program

Kinetiko Energy Ltd (ASX: $KKO) has successfully completed its 2024 core hole exploration program, with core hole 270-11C intersecting multiple pay zones and significant gas shows. The gas-bearing geological sequences totaling 90 meters were intersected, providing further confidence in the extension of the gas basin throughout Kinetiko's tenement package. This achievement marks the 38th core hole completed with a 100% success rate in intersecting significant gas pay zones.

Executive Commentary on Core Hole 270-11C Results

The completion of core hole 270-11C and the overall success of our core hole exploration program are significant milestones for Kinetiko Energy. The intersected gas-bearing geological sequences and the 100% success rate in core hole exploration further validate our assumptions about the extensive gas-laden fairways across our exploration rights. This critical data from core hole 270-11C will greatly contribute to our geological modeling and the future measured resource calculation, potentially increasing our resource base. We are now preparing for a five-well, 9-month production test program to gather extended flow testing data on each production test well, which will be instrumental in advancing our onshore gas exploration and production development activities.

Summary of Kinetiko Energy's Core Hole 270-11C Results

Kinetiko Energy Ltd (ASX: $KKO) has successfully completed its 2024 core hole exploration program, with core hole 270-11C yielding significant gas shows and intersecting multiple pay zones. The company's confidence in the extension of the gas basin throughout its tenement package has been further reinforced. The completion of core hole 270-11C contributes critical data for mapping the distribution, depth, and thickness of gas-bearing strata within the exploration right area, enhancing the company's geological modeling. With the regulator work requirements completed, Kinetiko is now gearing up for a five-well, 9-month production test program, aiming to gather essential flow testing data. The successful conclusion of the core hole exploration program and the upcoming production test program reflect Kinetiko's commitment to advancing its onshore gas exploration and production development activities in South Africa.