RE: Before there is a financial timetable far less a funding schedule1 May 2026 14:36
And meanwhile Botala crack on with their 5-spot - latest announcement says all going according to plan. Mind you, I expect them to keep things upbeat as they are yet to receive the MDCB funding that was announced several months back.
Botala Energy’s Chief Executive Officer, Mr Kris Martinick, said: “The Pitse Pilot is performing exactly as designed. We have taken a deliberate and disciplined approach to its development, prioritising data, stability, and long-term performance. Now is the time to reap the rewards of this work.
While attention is naturally focused on 3.5B, and rightly so as the key production well, another key part of the story is the coordinated performance of the entire well cluster.”
“Gas has already flared at pilot well 3.1, an unstimulated well, confirming reservoir productivity and responsiveness to dewatering. Well 3.4 is steadily drawing down pressure, while wells 3.3 and 3.5A have now been commissioned and are commencing dewatering.
For the first time, four support wells are operating together in support of 3.5B and a fifth, Serowe-3.2, is already drilled and cased ready for stimulation and completion. The system is working as intended. The reservoir is responding. The field produces gas. Everything is set for our first production well Serowe
3.5B.”
Lets hope they are not getting advice from TG and team.....