Magnum Gas & Power Finds Gas in Botswana CBM Well

Magnum Gas & Power Limited has found 95% methane gas in a bore well at company's Botswana CBM exploration program.

The company has informed the Botswana Ministry of Mines, Energy and Water Resources about the discovery. 

Magnum said that the result is very important as it is a significant step towards the company's goal of certifying gas reserves within the Karoo Basin.

The coals of the Karoo Basin are known to potentially contain significant quantities of CBM.

The results support Magnum’s plans regarding additional exploration drilling, the focus of the next drilling being primarily on two of the nearby Central Project Area blocks, Magnum said in a statement.

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