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How to buy shares in Botala Energy

Natural gas prices continue to rise globally, benefiting this newcomer to the ASX.

Natural gas player Botala Energy has successfully raised $5m in its initial public offering, driven by an investment from Pure Hydrogen ($PH2).

Botala will use the capital to fund a five-well program to test the Serowe CBM project’s ability to flow gas.

The upcoming project, based in Botswana, is designed to demonstrate commercial gas flow and is expected to be followed by an appraisal program to convert gas resources into reserves, which is the amount of gas that can be produced economically.

Botala expects to be a commercial producer by 2024 and hopes to attract industries to Botswana that want reliable and renewable energy sources.

Botala Energy is available to trade on Stake AUS under the ticker $BTE.

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