Advancing towards Botswana’s first LNG production
We have the acreage, resource, strategic pathway and partnerships to build a significant African LNG business.
Botala Energy’s Serowe Project occupies a dominant acreage position over the gas sweet spot of Botswana, a tier-1 Southern African jurisdiction.
We have a clear, scalable four phase pathway to connect our significant resources to thirsty Southern African markets.
Development pathway to revenue.
5 wells
Pitse Pilot
>US$3 million
Drilling, testing, completion, dewatering and stimulation of wells
Targeting sustained gas flow
9 wells
Mini-LNG unit x 1
$10 million
Complete 4 additional wells
Purchase Galileo LNG plant
Debt : Equity – 60 : 40
36 wells
Mini-LNG unit x 4
$24 million
Scale Upstream Development
Incremental Mini-LNG Capacity
Debt : Equity – 60 : 40
108 wells
Chart LNG unit
$200 million
LNG plant, pipeline
Well field expansion
Debt : Equity 70 : 30
Annual Revenue Projection
USD
$0
$3,250,000
$13,000,000
$43,000,000
Phase 01 Pitse Pilot: a five well “proof-of-concept” to establish a production pathway to 3.5 PJ.
Pitse Pilot is generating the production and reservoir data required to support maiden reserves certification, complete the Bankable Feasibility Study and establish a pathway to commercial CBM production.
Phase 02 LNG Unit: a nine well station producing 0.25PJ/year.
We use the same coal bed methane wells as Queensland’s established industry.
Wells with perforated steel casing will target three seams – Serowe (360 – 390m), Upper Morupule 410 – 430m and Lower Morupule 460 - 490m.
- Simple, shallow, vertical wells with no complex pressure management.
- Low well development costs drive a strong business case even for smaller gas flows. You can just drill more to meet required production volumes.
- Modular, scalable development allows staged capital deployment.
- Pitse Pilot is demonstrating encouraging reservoir response, with gas already observed at Serowe-3.5B during ongoing dewatering and production testing.
- Worth noting, our neighbour Kalahari Energy has flow rates above 120 GJ/day from their CBM wells.
Major South African steel maker Scaw Metals has been secured as an offtaker.
- Binding letter of intent signed in March 2025 granting the Johannesburg-based industrial major exclusive right to purchase up to 3.5 PJ/year of LNG with an option to increase to 4.7 PJ/year as production scales.
- The deal also involves Scaw's participation in the bankable feasibility study (BFS) and integration into the infrastructure development for the project.
- Scaw needs gas supply security as South Africa faces an impending gas shortage, with existing gas supplies expected to decline significantly from 2028.