New Aeromagnetic Survey Interconnection More than Double Gas Prospective Compartments

Source: 1/27/2022, Location: Africa

• Kinetiko’s third aeromagnetic survey was successfully completed in December 2021 and interpretation results now completed.
• Three survey areas were included in airborne program over ER 270 and ER272 totalling 12,610 line km flown.
• 42 new compartments discovered in total equating to 264 km2
• The total number of prospective gas compartments has more than doubled to 79 totalling 1,229km2
• The Company’s current drilling program comprises only a small percentage of just one prospective gas compartment

Kinetiko Energy Limited is pleased to update on the interpretation of its third aeromagnetic survey.

Kinetiko flew aeromagnetic surveys (Figure 1) across three areas identified by our geologist as having the potential to contain similar dolerite-enclosed compartments as our focused drilling to-date has proven to be gas rich. This equated to a total of 12,610 line km flown across the project bringing the total area of aeromagnetic flown to-date to 32,204 km since 2014 all with landowner approvals.

The study was focused on obtaining broad information of parts of our Exploration Rights 270 and 272 and used the following parameters:

• Line spacing: 50m
• Tie line spacing: 500m
• Line orientation: 135°/315° - ER 270 North 0°/180°
• Tie line orientation: 45°/225° - ER 270 North 90°/270°
• Flying Height: 35m Mean Terrain Clearance above ground level.

Interpretation of the results was based on:
• Magnetic intensity reduced to pole images.
• Magnetic signature dominated by dolerite dykes and sills, with some cultural interference (powerlines, railway lines, etc.).
• Identification of dolerite dykes.
• Priority areas identified within compartments bounded by dykes – dykes form barriers for migration of gas.
• Compartments of high magnetic intensity avoided as indication of high dolerite (sill) content and consequently reduced potential reservoir volume.

The following transformations were applied to the data for processing:
1) Reduction to the pole.
2) Upward continuation by 200 m and 500 m on the RTP data.
3) First vertical gradient of reduced to pole TMI.
4) Residual magnetic field (reduced to pole).

Resulting analysis indicates that a total of 42 new compartments, measuring collectively over 264 km2 and fit for investigation, have been discovered in the survey areas. This adds to the extant 37 compartments already identified by previous aeromagnetic surveys and provides the Company with 79 potentially viable sites.

ER270N: 12 compartments totalling 43.86 km2
ER270S: 19 compartments totalling 85.25 km2
ER270N: 11 compartments totalling 135.06 km2

The Company is pleased, this demonstrates that more than half of the total area flown comprising an enormous prospective area is suitable for gas hosting compartments and has a common surface geology to the gas-proven areas already under exploration and appraisal programs.

This announcement is authorized for release to the market by the Board of Directors of Kinetiko Energy Limited.

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