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Botala Energy Ltd (ASX:BTE)

ALERT: Price-sensitive ASX Announcement for BTE
Current share price for BTE : $0.048 -0.003 (-5.88%)+
Announcement
Release
8 Jul 2026 9:25AM
Price at Release
$0.051
Full Release
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Summary
Botala Energy Ltd announced positive results from the Diagnostic Stimulation Injection Test (DSIT) at its Serowe-3.5B well, confirming sufficient permeability for the planned hydraulic stimulation. This milestone reduces technical uncertainty and prepares the well for the next Step Rate Test (SRT), essential for determining the pumping pressure necessary for coal separation. The company plans to start production testing following stimulation, aiming for sustained gas production above 70 GJ/day, which is crucial for supporting their development concept. The success at Serowe-3.5B is significant for advancing the broader Serowe CBM Project, aligning with Botala's strategy to establish a scalable domestic gas supply.
Key Points
  • Positive reservoir response at Serowe-3.5B strengthens Botala's confidence in gas flow potential.
  • Diagnostic Stimulation Injection Test (DSIT) results show sufficient permeability for planned stimulation.
  • Successful DSIT confirms the Serowe Seam can accept injected fluid and establishes initiation pressure for coal separation.
  • Next step involves Step Rate Test (SRT) to determine surface pumping pressure required for coal separation.
  • Production testing will follow stimulation to demonstrate sustained gas production.
  • Botala aims for production above 70 GJ/day to support development concept.
  • Serowe-3.5B's success is a gateway to broader Serowe CBM Project development.
  • The project aligns with Botala's strategy for scalable domestic gas supply.
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.