Serowe CSG Project, Botswana Africa

  • 364,325 acres (1,475 sq km) interpreted high-grade CSG.
  • 2.38Tcf Prospective Resource and 23Bcf 2C4.
  • Drilling is pending lifting of Covid-19 travel restrictions.
  • 3rd party funded $7 million appraisal program.
  • Targets predictable reserves growth.
  • Drilling to commence when international travel restrictions are eased.

Gas for diesel substitution at nearby Orapa dual fuel power station

Compressed Natural Gas (CNG) – offers early cash flow

  • CNG hub planned at Pure’s Serowe CSG field to transport gas on roads.
  • CNG generates early cash flow while pipeline/compression infrastructure is planned and built.
  • Multiple CNG markets – bus companies, mines, solar backed by CNG.
  • Initially supply CNG to Orapa until pipeline built.

Orapa power station – foundation gas market

  • 90-megawatt capacity with dual fuel configuration (diesel & natural gas).
  • ~90 km from Pure’s high-grade CSG area.
  • Currently a peaking station using imported diesel.
  • Fully funded appraisal program targets reserves to supply Pure’s gas for 24/7 base load electricity generation.
  • Drilling to commence when international travel restrictions are eased.
  • Data integration in progress.

CONVERTING GAS RESOURCES TO RESERVES AND LOWER EMISSIONS