Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Botala Energy Ltd. ( (AU:BTE) ) just unveiled an update.
Botala Energy has advanced Phase 1 of its Pitse proof-of-concept pilot at the Serowe CBM Project in Botswana, perforating and equipping the Serowe-3.5A well with a downhole pump to initiate controlled reservoir pressure drawdown and support multi-well interference testing for the project’s Bankable Feasibility Study. Together with ongoing testing at Serowe-3.1, dewatering at Serowe-3.4 and planned completion, stimulation and drilling activities across other pilot wells in early 2026, the program is generating critical reservoir, production and operational data to optimise well design, confirm gas deliverability and underpin a staged CBM‑to‑LNG development targeting up to 3.5 petajoules per year, with management highlighting that low-cost, disciplined well development is preserving capital and reducing risk for its longer-term LNG growth plans.
More about Botala Energy Ltd.
Botala Energy Ltd is an ASX- and BSE-listed energy company focused on developing the Serowe Coal Bed Methane (CBM) Project in Botswana, with a strategic emphasis on converting CBM resources into liquefied natural gas (LNG) to help address Southern Africa’s emerging industrial gas supply constraints.
Average Trading Volume: 123,894
Technical Sentiment Signal: Sell
Current Market Cap: A$17.4M
Find detailed analytics on BTE stock on TipRanks’ Stock Analysis page.