Botala Energy Ltd. · ASX:BTE
Botala Energy — RIU Good Oil Conference 2026
18 slides from Botala Energy's conference presentation, Sep 16, 2026
Slide 1: Serowe CBM Project: the final steps to first gas
rsonal use only Serowe CBM Project: the final steps to first gas ASX & BSE: BTE RIU Good Oil Kris Martinick botalaenergy.com.au 16 September 2026 Chief Executive Officer
Slide 2: Disclaimer
Disclaimer This document contains a summary of information about Botala Energy Ltd (ACN 626 751 620) (Botala Energy or Company) and its activities that is Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends,
Slide 3: Serowe CBM project: an emerging gas frontier next to thirsty markets
Botala’s Serowe coal bed methane Botswana, Zimbabwe and South Africa are all energy constrained and provide major Overview project in Botswana is an emerging market opportunities. Market Serowe Project People gas frontier next to thirsty markets. Invest ASX: BTE rsonal use only botalaenergy.com 1htt
Slide 4: The Serowe Project could serve South Africa's pending gas shortfall
The Serowe Project could serve Reasons for the shortfall. Overview South Africa’s pending gas shortfall. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com SASOL’s Pande-Temane gas fields in Mozambique South Africa Gas Outlook Forecast* have served as the main supply (roug
Slide 5: Scaw Metals offtake validates the demand
Scaw Metals offtake Binding letter of intent with Johannesburg- based industrial major provides exclusive Overview validates the demand. right to purchase up to 3.5 PJ per year of Market LNG with an option to increase to 4.7 Serowe Project People PJ/year as production scales. Invest ASX: BTE rsonal
Slide 6: Our significant gas resource come from less than 5% of our acreage
Our significant Overview gas resource Market Serowe Project come from less than 5% of our People Invest ASX: BTE acreage. rsonal use only botalaenergy.com Serowe Project 2C Resource 454 BCF Prospective Resource 7,112 BCF Notice Independently Certified, Sproule, In respect of the contingent resources
Slide 7: Increased exploration activity across our expanded landholding
Increased exploration Overview activity across our Market Serowe Project expanded landholding is expected to significantly People Invest ASX: BTE increase our gas resources rsonal use only botalaenergy.com and development upside. Investor Briefing September 2026 07
Slide 8: Serowe coal seam appears to thicken north of Pitse Pilot
New PL0089 tenement: Sproule-reviewed regional mapping indicates the Serowe seam may thicken Serowe coal seam appears to from the Pitse area toward ~14–16m in the new licence. Source: Botala Energy ASX announcement, 8 thicken north of Pitse Pilot. Sep 2026, Figure 2. Geological interpretation based
Slide 9: Our clear commercial pathway starts with the Pitse Pilot
Our clear commercial pathway to Overview 12 petajoules a year starts with the Market Serowe Project People Pitse Pilot. Growth Scale Invest 12PJ/year rsonal use only Phase 04 1Projections based on material production and LNG pricing assumptions. There is ~US$144M/year1 3.5PJ/year no certainty Botala
Slide 10: First revenue is expected in 2028 following successful pilot
First revenue Pathway to first revenue is expected in 02 03 04 Overview Market 2028 following 01 Serowe Project Demonstrate Use flow test Advance BFS Build mini- a successful People and appraisal Invest Pitse Pilot while LNG plant. ASX: BTE pilot. sustained data to progressing 0.25PJ/year. rsonal us
Slide 11: Pitse Pilot well 3.5B flow rate test is the near-term catalyst
Pitse Pilot well 3.5B flow rate First gas flows expected before the end of September. Overview test is the near-term catalyst. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com Uniform Coal 13m total coal intersected including 11m of continuous clean coal. Quality Coal Br
Slide 12: Pitse Pilot well 3.5B flow rate test to demonstrate commercial potential
Pitse Pilot well 3.5B flow rate test to Overview demonstrate commercial potential. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com Now Next Milestone 11 Investor Briefing September 2026 12
Slide 13: We use the same coal bed methane wells as Queensland's established industry
We use the same coal bed methane The Serowe CBM Project is a low cost, modular development. Overview wells as Queensland’s established Market Serowe Project People industry. Invest ASX: BTE rsonal use only botalaenergy.com Simple mechanics Simple, shallow conventional wells using standard equipment.
Slide 14: Board and management have invested over A$6 million since 2022
Board and management have invested over Overview A$6 million in the business since 2022. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com Dr Wolf Martinick Kris Martinick Craig Basson Peter Grant Modisana Botsile Dr Steve Lennon Rory Burn Executive Chair CEO Executive Di
Slide 15: Corporate snapshot
Corporate snapshot Overview Market Serowe Project People Invest ASX: BTE Share price Market capitalisation Shares on issue Cash Options rsonal use only botalaenergy.com A$0.068 A$26.53M 390.2M A$1.52M 71M As at 15 September 2026 As at 15 September 2026 As at 15 September 2026 As at 30 June 2026 As a
Slide 16: Multiple catalysts ahead to build shareholder value
Multiple catalysts ahead to Now Well 3.5B gas flow build shareholder value. Phase 2 mini-LNG BFS complete New acreage ASX: BTE rsonal use only botalaenergy.com Q4 26 Well 3.5B sustained flow test Full scale BFS Advancement Priority Exploration Drilling Incremental Offtake Q1 27 Full Scale BFS comple
Slide 17: Invest in the future of a new energy province
Invest in the Contact Address Website future of a Kris Martinick Botala Energy Ltd botalaenergy.com new energy Chief Executive Officer kris.martinick@botalaenergy.com.au ABN 41 626 751 620 ASX & BSE: BTE province. +61 421 322 737 Level 1, 1292 Hay Street, West Perth 6005 rsonal use only Investor Bri
Slide 18: Cautionary Statement
Cautionary Statement Prospective Resources Cautionary Statement Prospective Resources Reporting Notes For prospective resources, the estimated quantities of petroleum that may potentially be recovered by 1. The prospective resources information in this document is effective as of the date of the rso