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Kinetiko Granted Gas Licenses in Botswana

Source: www.gulfoilandgas.com 11/20/2014, Location: Africa

Kinetiko Energy Ltd has been granted 12 prospecting gas licenses covering a total of 7093 km2. The licenses are located in the Karoo Kalahari Basin of Botswana. The Kalahari Basin is known to contain extensive coal deposits and has been recognised as having major coal bed methane potential. The gas market fundamentals are attractive with the opportunity to replace expensive diesel fired power generation and supply growing domestic and cross border energy demand.

The Kinetiko license areas were selected after basin studies indicated the potential for deep coal facies within the basin and related gas in sandstone accumulations. The gas potential of the Kalahari Basin has been further demonstrated with recent reports of successful flow commencement by Tlou Energy Ltd at its Lesedi CBM Project (Figure 2) Selemo 1P and Mopani 2P wells.

Kinetiko Energy holds a 100% equity in its Botswana licenses. The licences have an initial two year tenure, with opportunity for renewal. Kinetiko intends to follow an exploration and evaluation strategy that it has used at its Amersfoort gas discovery in neighboring South Africa.

For more information about related Opportunities and Key Players visit Coalbed Methane (CBM)

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

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