Strata-X Moves Forward with Botswana CBM Project
Canada and Australia-listed Strata-X Energy August 12 said Botswana government has approved the 'form and scope' of the new environmental impact assessment (EIA) on its fully-owned Serowe coalbed methane project. The EIA report is expected to be submitted for final review in September 2019.
“Once the EIA’s final approval is granted, which is expected to occur in December 2019, Strata-X will have clearance to drill and test up to 75 wells covering three prospecting licenses within the high-grade area of the Botswana CBM fairway,” the company said.
Previous environmental approvals acquired in 2018, covering two of the company’s original Serowe CBM licenses, granted Strata-X the right to drill and test 20 wells. Strata-X said once the EIA’s final approval is granted, it will have the authorisation to drill and test up to 95 wells covering all of the 100% owned area before converting the area to full scale production licenses.
Earlier this year, Strata-X upgraded the gas resources at Serowe CBM project in Botswana's Kalahari Basin. The area is interpreted to contain 2.38 trillion ft3 prospective gas resource net to Strata-X.