Botala Energy Ltd. · ASX:BTE
Botala Energy — Shareholder Meeting (November 2025)
14 slides from Botala Energy's shareholder meeting presentation, Nov 26, 2025
Slide 1: Answering Southern Africa's increasing call for gas
Answering Southern Africa’s Annual General Meeting ASX & BSE: BTE Kris Martinick 26 November 2025 botalaenergy.com.au Chief Executive Officer increasing call for gas. For personal use only
Slide 2: Disclaimer
Disclaimer. Answering This document contains a summary of information about Botala Energy Ltd (ACN 626 751 620) (Botala Energy or Company) and its activities that is current Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, perf
Slide 3: Botala Energy: 100% owner and operator of the Serowe CBM project
Botala Energy is 100% owner The opportunity: and operator of the Serowe We represent phenomenal exposure to Southern Africa’s emerging industrial gas supply crisis, the Answering Southern Africa’s coal bed methane project in "Gas Cliff”. Botswana. increasing call for gas. For personal use only 4,200
Slide 4: Our goal to deliver first gas at Serowe drew closer in FY2025
Our goal to deliver first gas at Serowe drew closer in FY2025. Answering Southern Africa’s increasing call for gas. For personal use only July 2024 September 2024 March 2025 July 2025 42% Increase in Independent Feasibility Serowe CBM Project Mining Second well brought Contingent CBM and Concept Stu
Slide 5: MDCB intention to acquire 15% equity in the Serowe CBM Project
In October 2025, the Mineral Development Company of Answering Southern Africa’s Botswana (MDCB) confirmed its intention to acquire 15% equity increasing call for gas. in the Serowe CBM Project. For personal use only The transaction is subject to approval by the MDCB Board and shareholder. Botala has
Slide 6: A clear production pathway
A clear production pathway. Answering A phased, risk-managed Southern Africa’s increasing call for gas. approach to grow production. For personal use only Phase 01 Phase 02 The maths# Sale price per Phase 03 Phase 04 5 wells 9 wells 36 wells 108 wells gigajoule = US$10.60 Calculation is based on mul
Slide 7: Phase 1: five-well proof of concept
01 |5 wells. Proof of concept Flow test five wells over 90 days. Two out of five wells currently flowing gas 02 9 wells. 0.25 PJ/year. <40 gigajoules (GJ)/day). Flow tests will 03 36 wells. 1.0 PJ/year Answering Southern Africa’s increasing call provide confidence to design and build 04 108 wells. 3
Slide 8: Phase 2: nine wells and Galileo LNG units
01 5 wells. Proof of concept Galileo LNG units 02 9 wells. 0.25 PJ/year. are based on the patented Cryobox® LNG 03 36 wells. 1.0 PJ/year Answering Southern Africa’s Production Station increasing call and ZPTS® 04 108 wells. 3.5 PJ/year for gas. Conditioning Plant and are easily For personal use only
Slide 9: Phase 3: 36 wells, 1.0 PJ/year
01 5 wells. Proof of concept 02 9 wells. 0.25 PJ/year. 03 36 wells. 1.0 PJ/year Answering Southern Africa’s increasing call 04 108 wells. 3.5 PJ/year for gas. For personal use only Each coal bed methane well costs around US$145,000 to drill and complete for production. Each well to date has taken se
Slide 10: Phase 4: 108 wells, 3.5 PJ/year
01 5 wells. Proof of concept 02 9 wells. 0.25 PJ/year. 03 36 wells. 1.0 PJ/year Answering Southern Africa’s increasing call for gas. 04 108 wells. 3.5 PJ/year For personal use only Bankable Feasibility Study underway to develop The maths an estimated ^12 production clusters made up 108 wells x 89 GJ
Slide 11: We use the same coal bed methane wells as Queensland's established industry
We use the same coal bed methane wells as Queensland’s Answering Southern Africa’s increasing call established industry. for gas. For personal use only Wells with perforated steel casing will target three seams – Serowe (360 – 390m), Upper Moruple 410 – 430m and Lower Moruple 460 - 490m. Simple, sha
Slide 12: The Serowe Project has been derisked for major upside
The Serowe Project has been derisked for major upside. Answering Southern Africa’s increasing call for gas. For personal use only Completed Milestones Current and Future Milestones Production licences approved Upgrade Resources to Reserves Nov 2025 – July 2026 Botswana Government support secured Inc
Slide 13: Thank you
Botala Energy Ltd Level 1, 1292 Hay Street, ABN 41 626 751 620 West Perth 6005 ASX & BSE: BTE Ke A Leboga For personal use only Thank you Kris Martinick Chief Executive Officer eNews kris.martinick@botalaenergy.com.au Join the conversation Follow us Subscribe to our e-news: +61 421 322 737 https://x
Slide 14: Cautionary Statement
Cautionary Statement Answering Southern Africa’s increasing call for gas. Prospective Resources Reporting Notes Prospective Resources Cautionary Statement For personal use only 1. The prospective resources information in this document is effective as of the date of the Prospectus (Listing For prospe