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Botala Energy Advances Serowe CBM Project Amid Southern Africa’s Looming Gas Shortage

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Botala Energy Advances Serowe CBM Project Amid Southern Africa’s Looming Gas Shortage

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

Botala Energy Ltd has made significant progress in its Serowe CBM Project, with the successful online activation of Serowe-3.1 and 3.4A wells and plans for a new well, Serowe-3.5B. The company has achieved operational independence by acquiring specialized equipment, reducing costs, and enhancing in-house capabilities. The completion of Phase 1 of the Bankable Feasibility Study outlines a clear development pathway and identifies preferred technology suppliers for its LNG production facility. The company is executing a flexible LNG strategy to address the impending gas shortage in Southern Africa, with plans to expand exploration and appraisal programs.

More about Botala Energy Ltd.

Botala Energy Ltd is a company focused on transforming its Serowe Coal Bed Methane (CBM) Project in Botswana into a commercially viable development. It is a leading player in Botswana’s CBM to Liquefied Natural Gas (LNG) industry, aiming to address the emerging gas shortage in Southern and Central Africa.

Average Trading Volume: 62,074

Technical Sentiment Signal: Buy

Current Market Cap: A$19.59M

Learn more about BTE stock on TipRanks’ Stock Analysis page.

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