Our Project/Overview

Project Location 

BotsGas Pty Ltd has agreed 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 approaching 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 same vision of gas underpinning a transition to cleaner energy within Southern Africa.

Listing BotsGas on the ASX in 2021 will always be considered. The Company is in discussions with a potential gas buyer to secure a CBM off-take agreement (a CBM-to-power company), targeting Botswana’s domestic market hungry for reliable clean energy as well as market gas and power to neighbouring South Africa in the future.

Botswana at a Glance

• Population 3 million
• Politically and financially stable:
  • GDP ~US$18 Billion
  • Foreign Currency Reserves US$7.5 Billion
  • GDP Growth (2018) 5%
• Supportive Foreign Investment culture:
  • Fraser Inst 3 in Africa after Mauritius and Cape Verde
• Favourable credit ratings:
  • Moody's A2 Stable (2019)
• Economic freedom score of 5 (2019)
  • 36 in world, No 1 in Africa

Botswana ranked 1st by The Economist in 2020 in terms of financial strength compared with 66 other developing nations.

BotsGas is farming into Strata-X (SXA) because:

1. SXA and BotsGas share the same vision of a stable green Energy Hub within Botswana
   with the future potential to support wider regions
2. SXA has a 6 Tcf (trillion cubic feet), Independently Certified Prospective Resource on its 100% owned Serowe CBM Project, with ~2.4 Tcf potentially located within a high grade area¹
3. SXA is targeting the Serowe coal seams, as the following properties result in best production rates, lower operational costs and less technical risk:
   • Shallow (~250 to 500m depth; 12m coal over 50m gross interval)
   • Gaseous Coal (80-100% Gas Saturations )
   • CBM can be readily abstracted by a series of low-cost, vertical wells
   • No horizontal drilling and fracking required

SXA is managed by Ron Prefontaine, a noted CBM specialist, who leads a team with proven CBM and significant value adding expertise.