Botala Energy
Primary ticker: ASX:BTE, BSE:BTE
Stage of development: Exploration, Development, Production
Primary minerals: Energy
Project to promote: Serow Coal Bed Methane
Project location: Botswana
Website: www.botalaenergy.com
Botala Energy’s mission is to enable a successful, secure, and sustainable energy future for Botswana and unlock new economic opportunities. Established in 2018 Botala is currently exploring and developing; the Serowe Gas Project and Solar Opportunities within Botswana. Current operations are centralised around the Serowe coal bed methane (CBM) project with the potential for more exciting opportunities in the future within renewable energies including solar panel manufacturing in partnership with Solar Finland.
Botala’s development and growth will ideally have many positive social, environmental, and economical benefits for a wide range of stakeholders and shareholders. This includes increasing the supply and reliability of Botswana’s energy supply, reducing the cost of domestic electricity, reducing and ideally removing the need for Botswana to import external energy and creating a revenue stream through the export of cleaner electricity and sale of gas.
Cash: AUD $1,600,000
Debt: NIL
Major shareholders:
Wolf Martinick (Chairman) – 23.4%
Pure Hyrdrogen (ASX code: PH2) – 20.0%
Kris Martinick (CEO) – 8.6%
Corpserv Pty Ltd (CFO) – 4.3%
Martinick Investments (Chairman) – 2.9%
Management Ownership – 43%
Financials
Management Profile
Kris Martinick, B Chem Eng (Hons); BSc Chem; BCom – CEO
Kris Martinick has over 20 years experience in the oil and gas industry in Australasia; including oil and gas field development and processing plants, LNG plants, gas fired power stations and project management. Kris has held senior management roles working on projects and operations in remote areas of Australia and PNG. He is a non-executive director of several private Perth based companies.
What is your rationale for taking part in 121 Mining Investment?
Looking to raise the company profile and highlight the commercial deals which are ongoing and likely to take the project into development in 2025.
What recent news would you like to highlight to investors attending?
Significant increase in the certified resource up by 42%
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Conclusion of gas off-take agreements while continuing to flow gas from Project Pitse.
Start the Bankable Feasibility Study for a 100TPD LNG plant targeting first gas to the market in 2026.
Reach final investment on the 4MW Solar Project Phuthi
6 Months:
Conclude gas off-take agreements
Conclusion of the Bankable Feasibility Study for a 100TPD LNG plant
Commence construction of Project Phuthi in the town of Serowe
12 Months:
Begin development drilling for the 100TPD LNG project
Procurement of the LNG plant and management of the detailed engineering in preparation for commissioning and startup in 2026.
Operational 4MW Project Phuthi
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risk is exploration and appraisal of the gas field. Botala has drilled 11 wells over its 420,000 hectares of licence, there is still a lot to learn and understand about the field and the way the gas could be developed if the commercial pilot porgrammes are successful.
What do you think makes your company such a compelling investment?
Exploration to-date has reduced the exploration risk for CBM potential in the area. Serowe-3 has successfully produced and flared gas providing sufficient data to progress with the commercial pilot programme.
SASOL has announced the impending gas cliff for South Africa as it will shut-off gas supply in mid-2027. The market in South Africa is large and on the door-step of the Serowe Project. There has been significant interest in companies looking to diversify their gas sources.
What are the top 3 key investor takeaways?
Gas has been discovered and produced with huge exploration upside
Large market over the border in South Africa facing a gas shortage in 2027
Ongoing commercial discussions with first to conclude in Q1 / 2025