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Botala Energy Secures A$3m to Drive Serowe Drilling and Testing
10:02am on Wednesday 4th of February, 2026 AEDT
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Energy
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Botala Energy Secures A$3m to Drive Serowe Drilling and Testing
10:02am on Wednesday 4th of February, 2026 AEDT
Key Points
A$3 million raised via oversubscribed placement at A$0.05 per share
Board to participate with A$1.2 million subject to shareholder approval
Funds allocated to drilling Serowe-3.5B well and flow testing this quarter
Placement includes unlisted options exercisable at 10c with two-year expiry
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Botala Energy (ASX:BTE)
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