Botala Energy Ltd's announcement of 42% increase in CBM resource

Botala Energy Ltd (ASX: $BTE) has announced a 42% increase in the 2C Contingent Resources within its 100% owned Serowe Coal Bed Methane (CBM) Project to 454 billion cubic feet (bcf) after the latest independent recertification by Sproule in the USA. The increase solidifies the potential of the CBM Project in Botswana and positions Botala as a key player in addressing the energy needs in Southern Africa.

Executive Commentary on CBM Resource Increase

Kris Martinick, CEO of Botala, expressed his excitement about the significant increase in 2C contingent resources and the vast potential of the CBM Project in Botswana to supply gas to energy-hungry Southern Africa. He highlighted the strategic positioning of Botala to contribute significantly to gas and general energy security in the region, aligning with the company's vision to address the region's energy needs. Martinick also mentioned the promising future of Botala in the energy-hungry Southern Africa and the company's readiness to capitalize on the opportunity.

Summary of Botala Energy's Announcement

Botala Energy Ltd (ASX: $BTE) has reported a 42% increase in the 2C Contingent Resources within its 100% owned Serowe Coal Bed Methane (CBM) Project, positioning the company as a key player in addressing the energy needs in Southern Africa. The increase in resources comes at a crucial time when the region is facing a looming gas shortage, and Botala aims to help mitigate this impending crisis. The company's substantial CBM resources provide a viable solution to the gas shortfall, and Botala is well-positioned to become a significant new regional gas producer. The announcement reflects Botala's ambitions to contribute to regional energy security and meet the growing demand for gas in Southern Africa. The company's future steps include further testing, securing financing, obtaining approvals, and demonstrating access to an economically viable market for the gas.