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Wednesday, June 27, 2018
Strata-X Energy filed with the Department of Environmental Affiars in Botswana and Environmental Management Plan (EMP) over the high-graded portions of the 100% owned Serowe CSG Project.
Using the EcoSurv Environmental Consultants of Gaborone, Botswana, the company carried out all grSound surveys and testing to complete and submit its EMP to the regulatory authorities.
Regulatory approval of the EMP is expected in the third quarter 2018 and will allow the company to drill and production test up to 20 wells across its identified high graded area within the Serowe CSG fairway.
The high-graded area Strata-X will be targeting is the result of an extensive internal data review and mapping that is interpreted to have the necessary attributes for commercial CSG. Within the high-graded area, some previously drilled wells flowed or bubbled gas from the targeted coal reservoirs – which can only occur from 100% saturated coal seams. Higher gas saturated coal seams require less water drawdown and, therefore, usually produce initial gas flows more quickly than undersaturated coal seams.
To accommodate the appraisal programme over the Serowe CSG Project, which includes the drilling, completion and production testing of up to 20 locations, the Strata-X has been and remains in negotiations with various third parties to provide funding through farm-in or hybrid financing.
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