Tlou Energy Limited (LON:TLOU) has told investors that its 2D seismic acquisition programme in Botswana has now been completed.
It is part of a campaign that aims to expand and enhance the current gas resources across Tlou’s coal bed methane asset portfolio. A key objective of the programme is identify possible drill sites for future field development wells, planned for 2018.
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Core-hole drilling operations are, meanwhile, underway at the Lesedi and Mamba sites – so far one hole has been drilled with core samples sent back to the lab for analysis.
"This new seismic data appears to be excellent quality and has the potential to guide us towards the delineation of further gas reserves and contingent resources and enable us to determine the optimum location for the first phase development wells planned for 2018,” said Tony Gilby, managing director.
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“Velseis, our seismic consultant, is processing the remaining lines and the final data set will be supplied to SRK, Tlou's geological consultants, for interpretation and we will provide further updates regarding this in the first quarter of 2018."