https://www.miningweekly.com
Botswana|Business|Coal|Energy|Gas|PROJECT|Resources|Environmental
Botswana|Business|Coal|Energy|Gas|PROJECT|Resources|Environmental
botswana|business|coal|energy|gas|project|resources|environmental

Strata-X looking for Serowe funding

16th September 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Dual-listed Strata-X Energy has inked a non-disclosure agreement (NDA) with the Botswana Development Corporation (BDC) to develop a multi-staged $10-million financing strategy for the Serowe coal-bed methane project, in Botswana.

The NDA will allow the BDC to review the Serowe project and business models, and will have between 60 to 90 days to conduct due diligence on the project, with the aim of providing a multi-stage finance package to develop Serowe.

The proposed funding will incorporate both equity and debt funding of up to $10-million over the next three years.

“We are excited to be partnering with the BDC, the leading development fund in Botswana, as a potential significant cornerstone investor in our 100% owned Serowe coal bed methane project,” said Strata-X executive chairperson Ron Prefontaine.

The Serowe project has been estimated to contain up to six-trillion cubic feet of prospective resources, that extends over 1.1-million acres of the Botswana coal bed methane fairway. The natural gas from Serowe has the potential to change the makeup of the Botswana and Southern African region’s energy mix.

Strata-X is in the final stages of an environmental impact assessment, that will allow the company to drill an additional 75 wells above the 20 already approved over the internally-mapped high-grade area.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.175 0.208s - 90pq - 2rq
Subscribe Now