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An announcement from Botala Energy Ltd. ( (AU:BTE) ) is now available.
Botala Energy Ltd has announced the successful commissioning of its Serowe-3.4A well as part of the Project Pitse pilot in Botswana, marking a significant milestone in its CBM production efforts. The company plans to drill a new well, Serowe-3.5B, to replicate the success of the MAS-13 well, with a focus on cost efficiency and strategic positioning to enhance its production capabilities and commercial viability in the region.
More about Botala Energy Ltd.
Botala Energy Ltd is a company operating in the energy sector, focusing on Coal Bed Methane (CBM) production. The company is actively engaged in developing its Project Pitse in Botswana, aiming to commercialize CBM production through strategic well drilling and cost-effective operations.
Average Trading Volume: 74,135
Technical Sentiment Signal: Sell
Current Market Cap: A$15.41M
Learn more about BTE stock on TipRanks’ Stock Analysis page.