Strata-X looking for Serowe funding
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.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation