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Botala Energy Ltd. ( (AU:BTE) ) just unveiled an announcement.
Botala Energy Ltd has extended the Botswana Government’s 90-day option period to acquire a 15% equity stake in the Serowe CBM Gas Project until July 31, 2025. This extension, requested by the Minerals Development Company of Botswana, underscores the strategic importance of the project for Botswana’s energy security and reflects Botala’s commitment to fostering local partnerships.
More about Botala Energy Ltd.
Botala Energy Ltd is an ASX-listed company specializing in Coal Bed Methane (CBM) exploration and development, with a focus on its Serowe CBM Project in Botswana. The company aims to capitalize on the demand for stable power supply in Botswana and Southern Africa, and is also exploring early-stage renewable energy opportunities.
Average Trading Volume: 103,817
Technical Sentiment Signal: Sell
Current Market Cap: A$16.02M
See more data about BTE stock on TipRanks’ Stock Analysis page.