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Botala Energy Ltd (ASX:BTE)

ALERT: Price-sensitive ASX Announcement for BTE
Current share price for BTE : $0.053 0 (0%)+
Announcement
Release
20 Aug 2026 9:42AM
Price at Release
$0.053
Full Release
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Summary
Botala Energy Ltd reports promising developments at its Serowe CBM Project in Botswana, focusing on the Pitse pilot program. The company has observed gas at the Serowe-3.5B well before achieving full drawdown, indicating positive reservoir response. This project, fully owned by Botala, encompasses significant contingent resources of 2C and 3C. The pilot aims to demonstrate commercial CBM production and support a Bankable Feasibility Study for LNG production. Environmental approvals are in place, and the project is progressing with ongoing dewatering and testing to establish commercial viability. Botala Energy is committed to advancing its gas resources to support Southern Africa's energy needs.
Key Points
  • Gas observed at Serowe-3.5B before full drawdown is achieved.
  • Serowe-3.5B is the principal production-test well in the Serowe CBM Project.
  • Botala Energy Ltd holds independently certified 454 Bcf of 2C and 7.1 Tcf of 3C Contingent Resources.
  • Project Pitse is the first commercial-production test within the Serowe CBM Project.
  • Progressive drawdown and casing-pressure response observed at Serowe-3.5B.
  • Environmental approvals are in place for the Serowe gasfield and facilities.
  • Gas flaring at Serowe-3.5A and substantial gas from Upper Morupule at well 3.3.
  • Continued dewatering and production testing required to establish commercial deliverability.
  • Serowe CBM Project aims to develop a domestic natural gas source for Southern Africa.
  • Botala Energy Ltd is listed on the ASX and BSE.
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.