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Botala Energy Ltd (ASX:BTE)

ALERT: Price-sensitive ASX Announcement for BTE
Current share price for BTE : $0.043 -0.012 (-21.82%)+
Announcement
Release
15 Jun 2026 9:48AM
Price at Release
$0.055
Full Release
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Summary
Botala Energy Ltd announced significant progress on their Serowe Coal Bed Methane (CBM) Project in Botswana. The completion of the Pitse Pilot central production well 3.5B has been confirmed, with the production casing cemented and pressure tested, ensuring the well's mechanical integrity. The project is set to proceed with a multi-stage stimulation program followed by a 90-day extended flow test to assess the reservoir's ability to deliver sustained gas production. This initiative aims to establish a domestic natural gas source to support regional energy needs, with the project fully owned by Botala through its subsidiary. The strategic plan involves advancing the Pitse Pilot to de-risk reservoir performance and support the transition of contingent resources to 2P reserves.
Key Points
  • Completion of well 3.5B at Pitse Pilot for stimulation and flow testing.
  • Successful cementing and pressure testing of the production casing.
  • Upcoming 90-day extended flow test to evaluate gas production potential.
  • Serowe seam identified as primary production target with 13m thickness.
  • Project aims to develop a domestic gas source for Southern Africa.
  • Botala holds 100% interest in the project through its subsidiary.
  • Part of multi-phase development to support energy markets in the region.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.