InvestSMART

Botala Energy Ltd (ASX:BTE)

ALERT: Price-sensitive ASX Announcement for BTE
Current share price for BTE : $0.065 0.016 (32.65%)+
Announcement
Release
20 Jul 2026 9:34AM
Price at Release
$0.049
Full Release
download
Summary
Botala Energy Ltd, listed on the Australian Securities Exchange and Botswana Stock Exchange, announced the successful hydraulic stimulation of its Pitse Pilot well 3.5B at the Serowe Coal Bed Methane (CBM) Project in Botswana. This marks a significant milestone as the well enters the commercial production testing phase. The stimulation aimed to create conductive pathways through the coal, allowing efficient gas flow to the well. Approximately 30% of the stimulation fluid was recovered, indicating successful placement within the coal formation. The well demonstrated a strong reservoir response, with water from surrounding coal flowing back into the well, confirming hydraulic communication. This progression is crucial in Botala's strategy to establish a scalable CBM-to-LNG production pathway to supply domestic and regional energy markets in Southern Africa.
Key Points
  • Successful hydraulic stimulation of Pitse Pilot well 3.5B.
  • Well enters commercial production testing phase.
  • 30% of stimulation fluid was recovered, indicating success.
  • Strong reservoir response observed with immediate water flow back.
  • No proppant was recovered, suggesting materials remained as designed.
  • Botala targets a sustained gas flow rate above 70 GJ/day.
  • Phase 2 mini-LNG Bankable Feasibility Study to follow.
  • Pitse Pilot well 3.5B is part of the Serowe CBM Project in Botswana.
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.