Botala Advances Key Production Well at Botswana Serowe CBM Pilot

Botala Energy Ltd. ( (AU:BTE) ) has shared an announcement.

Botala Energy reports that drilling of its first fully stimulated commercial production well, Pitse Pilot 3.5B, at the Serowe Coal Bed Methane Project has reached 360 metres, or 83% of its 435-metre target depth, with operations on schedule. The company has four support wells now actively dewatering and managing reservoir pressure, including an unstimulated well that has already flared around 6.5 GJ of gas per day, confirming early productivity from the field.

The coordinated operation of the pilot well cluster is designed to stabilise the reservoir ahead of full stimulation of 3.5B and subsequent wells. Data from logging, pressure testing, and a 90-day post-stimulation flow period will underpin an independent Competent Persons Report and reserves reclassification, marking a key step toward demonstrating the commercial viability of Serowe’s CBM resources and potentially enhancing Botala’s position in the regional gas market.

More about Botala Energy Ltd.

Botala Energy Ltd is an ASX- and BSE-listed energy company focused on coal bed methane development in Botswana. Its flagship asset is the 100%-owned Serowe Coal Bed Methane Project, where it is progressing a multi-well pilot to evaluate commercial gas production and support future reserves classification.

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Technical Sentiment Signal: Sell

Current Market Cap: A$20.29M

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