Appraisal program of ‘up to 20 wells’. So how many then?
’The cored well was drilled in 2003 by the Govt of Botswana’ ..... Well I sincerely doubt the Govt drilled anything - more like it was Shell or the early birds there exploring for CBM gas. But hey...
‘Intersected multiple bright coals seams with gas saturation up to 100%’.... There we go, the use of ‘up to’ again - everybody’s favourite description for CBM in Bots. Helps cover a multitude of possibilities (or sins)...
Question - exactly how many core wells, exploration wells and production (unlikely to be any of those) wells have been drilled on the 4,784km2 acreage they claim to hold and on which the Prospective Resources (not Contingent) figures released by the company, certified by MHA Petroleum Consultant in March 2018.
Answer - I don’t know. But I will bet not many.
SXA Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held