Botala Energy Ltd. announced that the Kalahari Gas Corporation (KGC)'s contracted drilling and workover rigs successfully reamed the downhole coal seam sections of the Serowe-3 well. Logging confirmed that the diameter of the hole was successfully increased from 6.5 to 10 inches. A downhole pump and flow-testing skid have been installed and commissioned.

The well will now be tested for 3 months. The KGC rig has moved to the Serowe-6 well site with the exploration well spudded on 3 November 2022. The AMT geophysical survey work over the location has been completed and the work crew have moved to the Serowe-7 well location.

Further details of the company's drilling programme are set out in Sections 2.6 and 3.7 of the Prospectus. Highlights: Serowe-3 well successfully reamed and cleaned; Downhole pump and surface flow-testing equipment installed and commissioned; Rig has moved to the Serowe-6 well site with the exploration well spudded on 3 November 2022; Completed 26km of 42km AMT surveys.