(NewsDirect)
Botala Energy Ltd (ASX:BTE) non-executive director Peter Grant sitsdown with Proactive’s Jonathan Jackson to discuss several milestonespassed during the March quarter including the receipt of environmentalapproval for the commercial development of its Serowe Coal Bed Methane(CBM) project, known as Project Pitse, in Botswana. This marks asignificant step in transitioning the project from exploration toproduction, allowing for the construction of around 100 kilometres ofpipeline linking the wellfield to the upcoming Leupane Energy Hub andIndustrial Park near Palapye. The company has completed a coringprogram at the S3-4 well under Project Pitse and has initiateddesorption testing of the cores to ascertain the gas content of thecoal seams. The outcomes of these tests are crucial as they will helprefine resource estimates and enhance the feasibility of the project.Additionally, Botala Energy has completed a geophysical survey aimedat optimally locating three new exploration wells. These wells areplanned for drilling in the next two quarters and will explore coalseams to the south and east of Project Pitse, potentially expandingthe operational area and increasing the resource base. Granthighlights that these developments significantly de-risk the projectand strengthen the company’s position with potential partners. Heemphasized Botala Energy’s commitment to sustainable energydevelopment in line with global standards. Looking ahead, BotalaEnergy remains focused on advancing its flagship Serowe CBM Projectalong with its renewable energy initiatives. The company has alsoprovided updates on gas desorption testing and technical mappingsubsequent to the previous quarter's achievements.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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