Energy: Strata-X secures environmental nod for Botswana coal gas drilling
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Strata-X Energy (ASX:SXA) has received the green light to drill and test an additional 75 wells at the high-grade zone within its fully-owned Serowe coalbed methane (CBM) project in Botswana.
The receipt of the Botswana Department of Environmental Affairs’ approval for its Environmental Impact Assessment paves the way for a multi-well appraisal drilling and production testing program to be carried out this year.
It had previously secured approval to drill up to 20 wells, taking its total authorisation up to 95 wells.
Strata-X said the high-grade area was interpreted to contain, on average, 10m of net coal seams over a 50m interval with high gas saturations up to 100 per cent. The area could hold 2.38 trillion cubic feet of prospective gas resources.
The planned drilling program is designed to upgrade the prospective gas resource to a higher certainty contingent resource.
This could in turn be upgraded to reserves on the company proving commercial gas flow rates.
Previous drilling of a core well in the high-grade area in March 2019 intersected 18m of net gassy coal that included 12m of bright coal showing gas saturations of up to 100 per cent.
Karoon Energy (ASX:KAR) is poised to start drilling the Marina-1 exploration well offshore Peru following the arrival of the Stena Forth drillship. Marina-1 is targeting prospective resources of about 256 million barrels of oil.