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.
Phase 01
5 wells
Pitse Pilot
CAPEX USD
$4 million
Drilling, testing and completion of wells
Phase 02
9 wells
Mini-LNG unit x 1
CAPEX USD
$10 million
Complete additional wells
Purchase Galileo LNG plant
Debt : Equity – 60 : 40
Phase 03
36 wells
Mini-LNG unit x 4
CAPEX USD
$24 million
Drilling and wells – $9 million
Plant and equipment – $15m
Debt : Equity – 60 : 40
Phase 04
108 wells
Chart LNG unit
CAPEX USD
$200 million
LNG plant, pipeline
Well field
Debt : Equity 70 : 30
Annual Revenue Projection
USD
$0
0.25 PJ/year
$3,250,000
1.0 PJ/year
$13,000,000
3.5 PJ/year
$42,700,000
Phase 01 Pitse Pilot: a five well “proof-of-concept” to establish a production pathway to 3.5 PJ.
Pitse pilot will enable maiden reserves, and completion of BFS.
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.
- 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 since SASOL, the monopoly supplier of large-scale natural gas to industrial users in South Africa, announced it will shut off gas supply in June 2028.