Author: kris martinick

Regional exploration has proves coal seams and gas exist increased resource from 23 to 160bcf (2C) after drilling 5 wells
Use of Funds:
Commercial gas flow testing programme and additional exploration wells
Development of downstream renewables hub and industrial park

Background

Vision

Botswana’s Government seeks development of its extensive CBM potential of up to 70 TCF to become less dependent on expensive imported diesel and unreliable electricity and to create

Develop Botswana’s CBM opportunities to provide energy certainty for the transition to a sustainable, renewable energy mix, and thereby reduce reliance on coal & diesel and generate employment.

Appraisal of regional data, including 75 drill holes:
High-grade area of estimated ~2.4 trillion cubic feet (Tcf) of CBM in Botala Operated Serowe CBM Project area in excess of 1million acres.
Serowe #1 Proof-of-Concept Well - certified prospective resource of ~23.8 (Bcf).
1.Drilled 2 exploration wells at 26 and 48km step outs, both with gas shows:
1.Gross estimated resource increased to 160Bcf and prospective resource to ~10.06 Tcf
1.High gas saturation and excellent gas potential in regionally widespread coal seam.
1.Properties similar to Walloon Formation of Surat Basin, a prolific producing region in Queensland.

Location

Orapa 90MW gas Power station

Lupani Energy Hub

160bcf gas field to be developed

Value

Reservoir
World class reservoir
2.4 Tcf certified resource
Licences secured
Production forecast Q1 2023

Product
Natural Gas
Carbon emission reduced
Transition to Clean Energy
Renewable and Hydrogen energy

Economics
Low Capex
High IRR— 12% expected
Market Cap of $30M
Multiple customers including mining and governmental

Target Energy Streams

Lupani Energy Hub

Environment, Sustainability and Governance

•Sustainably develop low carbon energy, supporting Botswana, its people and the environment.
•Achieve all 17 UN Sustainable Development Goals (SDG’s).
•Enable Botswana to transition from importing high-carbon coal powered energy, to supplying low-carbon natural gas and hydrogen energy.