08:00 Wed 17 Oct 2018
Tlou Energy Ltd - Results of AGM and Chairman's Address
("Tlou" or "the Company")
Results of Annual General Meeting and Chairman's Address
The Chairman's Statement, given by Tlou Chairman
Chairman's address - AGM
It gives me great pleasure to deliver the Chairman's address at Tlou's fifth AGM as a listed entity.
The past year has been an exciting one for Tlou, with the company hitting significant milestones which will help us to reach our future goal of being the first CBM project in
Tlou's primary focus over the year has been on developing the Lesedi CBM project including completing a 250km seismic survey and the drilling of core-holes. This work contributed to a significant upgrade of Gas Reserves in
We will commence production testing of the pilot wells once completed, while concurrently working on the next steps in the Lesedi CBM project's development plan. We remain committed to building shareholder wealth through progressing the Lesedi CBM project towards production.
Tlou is excited by the development of a CBM gas industry in
Finally, and most importantly, I would like to take this opportunity to recognise the continuing support of our shareholders, without whom our project would not be possible.
Thank You,
A presentation given by Tlou Managing Director,
For further information regarding this announcement please contact:
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+61 7 3012 9793 |
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+44 (0)20 7383 5100 |
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Shore Capital (Broker) |
+44 (0) 207 408 4090 |
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+44 (0) 7891 677 441 |
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Company Information
The Company is listed on the
Since establishment, the Company has significantly de-risked the project in consideration of its goal to become a significant gas-to-power producer. The Company flared its first gas in 2014, holds a
The Company is planning an initial scalable gas-to-power project. Following successful implementation of this first scalable project, the Company looks forward to evaluating longer-term prospects for the delivery of electricity generated from CBM in
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