Botala Energy Ltd announces a 42% increase in the 2C Contingent Resources

Botala Energy Ltd (ASX: BTE) announces that the 2C Contingent Resources within its 100% owned Serowe Coal Bed Methane Project have increased by 42% to 454 billion cubic feet after independent recertification by Sproule in the USA. The increase is due to extensive exploration and improved mapping techniques, which have improved the understanding of the CBM potential in Botswana and potential gas flow rates. The new low estimate of 363bcf is higher than the previous best-case estimate of 317bcf.

This upgrade of CBM resources is particularly significant as it comes at a time when the Southern African region is anticipating a gas shortage, as forecasted by Sasol for 2026. The increased resource solidifies the potential of Botala's 100% owned CBM Project in Botswana, making the company a key player in addressing the energy needs of gas-thirsty Southern Africa.

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