Serowe spuds on the horizon

Managing Director, Scott Brown – Source: The Market Herald

PERTH (miningweekly.com) – ASX-listed Pure Hydrogen Corporation and its joint venture (JV) partner BotsGas are readying to spud the first of six wells at the Serowe coal seam gas project, in Botswana.

The campaign will consist of two separate stages of three appraisal wells each and is designed to confirm the geological model for the area. It also aims to demonstrate the widespread uniformity of the Serowe formation, from which the JV partners are hoping to extract coalbed methane.

“Serowe is an exciting asset with good upside and the gas price in Botswana is very high at the moment. BotsGas’ team is well placed to execute the programme. They have the experience and technical skills to unlock the value from these highly prospective leases,” said Pure Hydrogen MD Scott Brown.

The first stage 1 well is scheduled to spud in the next few days and will be followed up by the second and third wells.Two of the planned wells will be converted to production wells while the third is in an outlying region to test the presence of high-grade coalbed methane. The proposed drill sites have been readied for drilling and the necessary drill pipes have been delivered.

The second set of wells will be drilled later this year, after consideration has been given to the results from the first three wells.

Source: https://www.miningweekly.com/article/serowe-spuds-on-the-horizon-2021-05-31/rep_id:3650

2 weeks ago

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