Botala Energy Ltd. · ASX:BTE
Botala Energy — South-West Connect (October 2026)
17 slides from Botala Energy's conference presentation, Oct 29, 2026
Slide 1: Serowe CBM Project: the final steps to first gas
rsonal use only Serowe CBM Project: the final steps to first gas ASX & BSE: BTE South-West Connect Kris Martinick botalaenergy.com 29 October 2026 Chief Executive Officer
Slide 2: Disclaimer
Disclaimer This document contains a summary of information about Botala Energy Ltd (ACN 626 751 620) (Botala Energy or Company) and its activities that is Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends,
Slide 3: Serowe Project: an emerging gas frontier next to energy-thirsty markets
Botala’s Serowe coal bed methane Botswana, Zimbabwe and South Overview project in Botswana is an emerging Africa are all energy constrained Market Serowe Project gas frontier next to thirsty markets. and provide major market opportunities. People Invest ASX: BTE rsonal use only botalaenergy.com 1htt
Slide 4: The Serowe Project could serve South Africa's pending gas shortfall
The Serowe Project could serve Reasons for the shortfall. Overview South Africa’s pending gas shortfall. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com SASOL’s Pande-Temane gas fields in Mozambique South Africa Gas Outlook Forecast* have served as the main supply (roug
Slide 5: Scaw Metals offtake validates the demand
Scaw Metals offtake validates the Binding letter of intent with Johannesburg- based industrial major provides exclusive Overview demand. right to purchase up to 3.5 PJ per year of Market LNG with an option to increase to 4.7 Serowe Project People PJ/year as production scales. Invest ASX: BTE rsonal
Slide 6: Our significant gas resource comes from less than 5% of our acreage
Our significant Overview gas resource Market Serowe Project comes from less than 5% of our People Invest ASX: BTE acreage. rsonal use only botalaenergy.com Serowe Project 2C Resource 454 BCF Prospective Resource 7,112 BCF Notice Independently Certified, Sproule, In respect of the contingent resource
Slide 7: Increased exploration activity across our expanded landholding
Increased exploration Overview activity across our Market Serowe Project expanded landholding is expected to significantly People Invest ASX: BTE increase our gas resources rsonal use only botalaenergy.com and development upside. Investor Briefing October 2026 07
Slide 8: New PL0089 tenement: Serowe coal seam appears to thicken north of Pitse Pilot
New PL0089 tenement: Sproule-reviewed regional mapping indicates the Serowe seam may Serowe coal seam appears to thicken from the Pitse area toward Source: Botala Energy ASX announcement, 8 thicken north of Pitse Pilot. ~14–16m in the new licence. Sep 2026, Figure 2. Geological interpretation based
Slide 9: Our clear commercial pathway to petajoules a year starts with the Pitse Pilot
Our clear commercial pathway to Overview 12 petajoules a year starts with the Market Serowe Project People Pitse Pilot. Growth Scale Invest 12PJ/year ASX: BTE rsonal use only botalaenergy.com 1Revenue Phase 04 projections based on material production and ~US$144M/year1 3.5PJ/year LNG pricing assumpt
Slide 10: First revenue is expected in 2028 following a successful pilot
First revenue is expected in 2028 Overview following a successful pilot. Market Serowe Project People Invest Pathway to first revenue ASX: BTE rsonal use only botalaenergy.com 1Revenue projections based on material 01 02 03 04 production and LNG pricing assumptions. There is no certainty Botala will
Slide 11: Pitse Pilot well 3.5B flow rate testing underway
Pitse Pilot well 3.5B flow Overview rate testing underway1 Market Serowe Project Gas has been flowing continuously since 20 People Invest September from 3.5B ASX: BTE rsonal use only botalaenergy.com Gas flow rates are steadily building under a 1 Refer ASX 20% choke, with interim field readings of A
Slide 12: Pitse Pilot well 3.5B flow rate test to demonstrate commercial potential
Pitse Pilot well 3.5B flow rate test to Overview demonstrate commercial potential. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com Now Next Milestone 11 Investor Briefing October 2026 12
Slide 13: Low cost, modular development using established CBM wells
We use the same coal bed methane The Serowe CBM Project is Overview wells as Queensland’s established a low cost, modular Market Serowe Project People industry. development. Invest ASX: BTE rsonal use only botalaenergy.com Simple mechanics Simple, shallow conventional wells using standard equipment.
Slide 14: Board and management have invested over A$6 million since 2022
Board and management have invested over Overview A$6 million in the business since 2022. Market Serowe Project People Invest ASX: BTE rsonal use only botalaenergy.com Dr Wolf Martinick Kris Martinick Craig Basson Peter Grant Modisana Botsile Dr Steve Lennon Rory Burn Executive Chair CEO Executive Di
Slide 15: Multiple catalysts ahead to build shareholder value
Multiple catalysts ahead to Overview build shareholder value. Market Serowe Project People Invest ASX: BTE rsonal use only Now Next 3 months Next 6 months botalaenergy.com • Well 3.5B gas flow • Well 3.5B sustained flow test • Full Scale BFS advancement • Controlled dewatering • Finalise Phase 2 min
Slide 16: Cautionary Statement
Cautionary Statement Prospective Resources Cautionary Statement Prospective Resources Reporting Notes For prospective resources, the estimated quantities of petroleum that may potentially be recovered by 1. The prospective resources information in this document is effective as of the date of the rso
Slide 17: Invest in the future of a new energy province
Invest in the Contact Address Website future of a Kris Martinick Botala Energy Ltd botalaenergy.com new energy Chief Executive Officer [email protected] ABN 41 626 751 620 ASX & BSE: BTE province. +61 421 322 737 Level 1, 1292 Hay Street, West Perth 6005 rsonal use only Investor Bri