Anyone taking this one?
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Botala is a coal bed methane (CBM) exploration and development company focused on developing production from the Serowe CBM Project located in Botswana (and related early-stage renewable energy opportunities). On Admission, the Company will hold a 70% interest in the Serowe CBM Project, which is located in a high-grade CBM region of Botswana with the remaining 30% held by ASX listed Pure Hydrogen Corp. PH2 will also be a direct shareholder in Botala via a 19.9% interest (escrowed for 2 years).
The Serowe CBM Project covers approximately 4,100 square kilometres of CBM prospecting licenses in the Karoo-Kalahari Basin in Central Botswana. The Independent Technical Expert has provided a best estimate relating to the Serowe CBM Project of contingent CBM resources of approximately 317 (bcf) and prospective CBM resources of approximately 3,924 (bcf)
We expect strong news-flow from the Company post listing which include, commercial flow testing programme (4 wells) and exploration programme (4 wells).
Pure Hydrogen Corp substantial 19.9% shareholder at IPO and priority offer to shareholders to participate in the IPO
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Botala Energy IPO (ASX:BTE)
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