Botala Energy Ltd. (AU:BTE) has released an update.
Botala Energy Ltd is forging ahead with its Serowe Gas Project, aiming to demonstrate commercial viability by late 2025 and significantly ramp up production funded by cash flow within three years. An independent study has confirmed the project’s substantial potential, and discussions are ongoing for a farm-in partnership with Sharpay Enterprises to support the estimated A$20 million project costs. Botala is also exploring the lucrative opportunity to supply LNG to South African industries via small to medium-sized LNG plants installed near their wellfield.
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