Nice. Highlights
MHA Petroleum Consultants, independent qualified reserve and resource certifiers, have certified the following gas resources within Strata-X’s 100% owned Serowe CSG Project in Botswana.
6.08Tcf total Prospective Resources net to the Company, an increase of 83%.
2.38Tcf Prospective Resource within the Company’s interpreted high-grade area, an increase of 40%.
Maiden 23Bcf 2C Contingent Resource, net to the Company, around Strata-X’s recent 19B-1 well.
ASX disclosure note - 5.28.2 – Prospective Resources - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.