Botala Energy offers early exposure to a world‑class gas project in Botswana, with wells already producing and a 3.5PJ/year LNG plant in development. Strong support, approvals in place, and significant upside make it a potentially compelling gas play.
Botala Energy Ltd (ASX:BTE)
BTE2
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0500
per share
Offer Size
A$1,250,000
Offer Details
Issue Price (Per Share)
A$0.0500
Offer Size
A$1,250,000
Shares Available
25,000,000
Placement of up to approximately 25 million new shares to raise in the order of $1.25 million
Options
Investors will receive 1 unlisted option for every 2 shares subscribed, exercisable at 10 cents per share and with a 2 year term
Discount
- 12.5% discount to the Last Price of $0.057; and a
- 15% discount to 5 day VWAP of $0.0585 per share
Director Participation
Director participation of a minimum of $530k has been confirmed which will be subject to shareholder approval at a General Meeting.
Documents & Downloads
Company Overview
Botala Energy is 100% owner and operator of the Serowe coal bed methane project in Botswana, over 4,200km2 . Botala is drilling and flow testing its first targeted production well this quarter, and is in advanced discussions with the Minerals Development Company of Botswana (MDCB) in respect of a proposed project investment of ~A$4 million (see ASX announcement 8 December 2025).
Use of Funds
Use of Funds
1.
Drilling and stimulating Serowe-3.5B, Botala’s first targeted commercial production well which is due to commence drilling and flow testing this quarter
2.
Maiden Reserve certification and progressing the Bankable Feasibility Study
3.
Finalising investment from the Minerals Development Company of Botswana (MDCB) in respect of their proposed (non-binding) project investment of ~A$4 million (see ASX announcement 8 December 2025)
4.
General working capital and expenses of the offer
The Serowe Coal Bed Methane (CBM) Project
The Serowe CBM Project is a 100%-owned, world-class coal bed methane gas field in central Botswana, spanning ~4,100km² and transitioning from exploration to development. Early drilling has delivered flowing gas at up to 40GJ/day per well, with additional wells planned to scale production. A nine-well pilot cluster will feed a modular Galileo mini-LNG unit producing 0.25PJ per year, generating potential revenue of ~US$2.65m annually at US$10.60/GJ.
A Bankable Feasibility Study is underway for a large-scale 3.5PJ/year LNG facility with Chart Industries, underpinned by 108 production wells. The project is fully permitted, holds a mining licence, and has strong government and community support. Certified resources total 454Bcf (2C) and 7,112Bcf (3C), with only ~5% of the acreage drilled and a clear pathway to upgrading reserves to support 20 years of LNG production.
Board & Management
Wolf Martinick
Executive Chairman
- 40+ years of experience having been Managing Director, Chairman and Non- Executive Director of several ASX and AIM listed exploration and mining companies.
- Owner and Founding Director of MBS Environmental a major socioenvironmental consultancy attending to resource developments across Australasia and numerous other countries, especially Southern and Central Africa.
- Is familiar with project development, and especially the need for social and environmental awareness.
Kris Martinick
CEO
- 20+ years of 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.
- 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.
Craig Basson
Executive Director
- 20+ years of experience in auditing, accounting and financial management in the petroleum and mineral resources, education and viticulture industries of South Africa and Australasia.
- Company Secretary and CFO of a number ASX listed companies, notably Basin Minerals Limited, Sun Resources NL and Little Green Pharma Ltd.
- In recent years Craig has specialised in growth companies.
Peter Grant
Non-Executive Director
- 45+ years of experience in upstream oil and gas specialising in exploration and international E&P business development. Peter has extensive experience in Africa, South-East Asia, Middle East, South America and Australasia, leading successful teams that have made discoveries in the UK, Australia, Algeria, Libya, Sierra Leone and Mauritania.
- Has held senior positions in BHP Petroleum, and Woodside Energy. Peter is a National Board member of the Australia/Arab Chamber of Commerce and state Chair for Western Australia. Peter is an Advisory Board Member of the American Association of Petroleum Geologists.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Botala Energy Ltd. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
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