BotsGas Limited is an Australian oil and gas company focused on exploration and development opportunities for natural gas in Botswana.

Company Overview

BotsGas Pty Ltd is an Australian oil and gas exploration and development company focused on natural gas opportunities in the form of coal-bed methane (CBM) in Botswana. The Company has struck a deal to farm into Strata-X’s (ASX: SXA) Serowe CBM Project in a high-grade CBM region of Botswana. All approvals have been secured for the 95+ well drilling program and BotsGas is planning the drilling of its initial corehole (Strata-X as Project Managers). The Company aims to establish a contingent resource while jointly pursuing off-take agreements.

BotsGas and SXA share the vision of gas underpinning a transition to cleaner energy within Southern Africa. The companies believe the size and quality of the CBM resource within Botswana can be a catalyst to transition the country to a greener energy network with a mix of renewables and gas power generation.

Background

Botswana aims to become less dependent on expensive imported diesel and unreliable electricity to create new industries by producing up to 70 TCF* from its current undeveloped underground gas resources.

Share Information

The Company has 42,728,302 Ordinary Shares and 17,257,000 Options on issue at 30 June 2020.

The Directors collectively hold 57.4% of the Ordinary Shares of the Company.

There are 4 shareholders that are Substantial Shareholders each holding greater than 5% of the Ordinary Shares of the Company.