logo-loader
viewTlou Energy Limited

New Prospecting Licence Area

/**/ sup{font-size:80%}h2{margin-top:12.0pt;margin-right:0cm;margin-bottom:12.0pt;margin-left:0cm;font-size:11.0pt;font-family:"Arial","sans-serif";font-weight:bold;}p{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: blue }visited{ color: purple } .av{size:595.3pt 841.9pt;margin:72.0pt 63.7pt 72.0pt 72.0pt;}div.av{}div.cl{border:none;border-bottom:solid windowtext 1.5pt;padding:0cm 0cm 2.0pt 0cm}p.cp{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border: none; font-weight: bold; padding: 0cm}span.cn{font-size:14.0pt;font-family:"Calibri","sans-serif";color:black}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";}span.ck{font-size:11.0pt;font-family:"Calibri","sans-serif"}p.cq{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; margin-right: 1.4pt; text-align: center}span.cj{font-size:14.0pt;font-family:"Calibri","sans-serif"}p.cr{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-right: 1.4pt; text-align: center} p.cs{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; margin-right: 1.4pt}p.ct{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0cm}p.cu{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;line-height:115%}span.ce{font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif"}p.cv{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; line-height: 16.0pt}p.cw{margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:21.3pt;text-align:justify; text-indent:-18.0pt;line-height:17.0pt}span.cb{font-size:11.0pt; font-family:Symbol}span.ca{font-size:11.0pt; font-family:"Calibri","sans-serif"}p.cx{margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:21.3pt;text-align:justify; text-indent:-18.0pt;line-height:17.0pt}p.cy{margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:21.3pt;text-align:justify; text-indent:-18.0pt;line-height:17.0pt} p.cz{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;line-height:17.0pt}p.da{margin:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: 17.0pt; text-align: justify}p.db{margin:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;line-height:17.0pt}p.dc{margin:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify}p.dd{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height: 17.0pt; text-align: center}p.af,li.af,div.af{margin:0cm;margin-bottom:.0001pt;text-align:justify;font-size:12.0pt;font-family:"Cambria","serif";}table.de{margin-left:-5.4pt;border-collapse:collapse;border:none}td.bs{width:286.65pt;border:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}p.df{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";line-height: 17.0pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -8.2pt; margin-top: 0cm; text-align: left}span.dg{color: black; font-family: "Calibri","sans-serif"; font-size: 10.0pt; font-weight: bold} td.bp{width:142.55pt;border:solid windowtext 1.0pt; border-left:none;padding:0cm 5.4pt 0cm 5.4pt}p.dh{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";line-height: 17.0pt; margin-bottom: 0cm; margin-left: 8.65pt; margin-right: -8.2pt; margin-top: 0cm; text-align: left}span.di{font-size:10.0pt;font-family: "Calibri","sans-serif";color:black}td.bo{width:286.65pt;border:solid windowtext 1.0pt; border-top:none;padding:0cm 5.4pt 0cm 5.4pt}span.dj{font-size:10.0pt;font-family: "Calibri","sans-serif";color:black}td.bl{width:142.55pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}p.dk{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";font-div: italic; line-height: 17.0pt; margin-bottom: 0cm; margin-left: 8.65pt; margin-right: -8.2pt; margin-top: 0cm; text-align: left}span.bn{font-family:"Calibri","sans-serif"}tr.bg{height:9.45pt}td.bi{width:286.65pt;border:solid windowtext 1.0pt; border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:9.45pt} p.dl{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";font-div: italic; line-height: 17.0pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -8.2pt; margin-top: 0cm; text-align: left}span.bk{font-size:10.0pt;font-family: "Calibri","sans-serif"}td.bh{width:142.55pt;border-top:none;border-left: none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:9.45pt}p.dm{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";font-weight: bold; line-height: 17.0pt; margin-bottom: 0cm; margin-left: 0cm; margin-right: -8.2pt; margin-top: 0cm; text-align: left}span.bf{font-size:10.0pt;font-family:"Calibri","sans-serif"; color:black}p.dn{margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt;margin-left:0cm;text-align:justify;font-size:11.0pt;font-family:"Swis721 BT","sans-serif";line-height: 17.0pt; margin-bottom: 0cm; margin-left: 7.1pt; margin-right: -8.2pt; margin-top: 0cm; text-align: left}p.do{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-right:-8.2pt;text-indent:1.7pt;line-height: 17.0pt}span.dp{font-size:10.0pt;font-family: "Calibri","sans-serif"}p.dq{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; line-height: 17.0pt}p.dr{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-div: italic; line-height: 115%; margin-bottom: 10.0pt} br.ay{page-break-before:always}.aw{size:841.9pt 595.3pt;margin:72.0pt 72.0pt 63.7pt 72.0pt;}div.aw{}p.ds{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; line-height: 17.0pt; text-align: center} /**/
RNS Number : 5774U
Tlou Energy Ltd
01 April 2019
 

1 April 2019

 

Tlou Energy Limited

("Tlou" or "the Company")

 

New Prospecting Licence Area

 

 

Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM") is pleased to confirm that a new prospecting licence has been issued to the Company by the Government of Botswana.

 

Highlights

·     The new licence, designated "Boomslang" is located on-trend with the Lesedi CBM Project, where independently certified gas reserves are already in place;

·     The Boomslang area is considered highly prospective and provides significant potential development flexibility;

·     The licence covers ~1,000 Km2, bringing the total licence area held by the Company to ~9,300 Km2.

 

New CBM Prospecting Licence awarded

The Company has been awarded a new coal bed methane prospecting licence by the Department of Mines at the Ministry of Mineral Resources, Green Technology and Energy Security in Botswana.  The new licence, PL011/2019 designated "Boomslang" is valid for an initial term of 3 years.  The licence area is approximately 1,000 Km2 and is situated adjacent to the Company's existing licences.  The Boomslang area is located on-trend with the encouraging results observed to date at the Lesedi project and is considered to be highly prospective.

 

With initial development operations ongoing at the Lesedi gas field, the award of the adjacent Boomslang area along with the Mamba area provides the Company with further flexibility and optionality.

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

****

For further information regarding this announcement please contact:

 

Tlou Energy Limited

+61 7 3012 9793

Tony Gilby, Managing Director

 

Solomon Rowland, General Manager

 

 

 

Grant Thornton (Nominated Adviser)

+44 (0)20 7383 5100

Samantha Harrison, Colin Aaronson, Harrison Clarke, Seamus Fricker

 

 

 

Shore Capital (Broker)

+44 (0) 207 408 4090

Jerry Keen, Toby Gibbs, Mark Percy

 

 

 

FlowComms Limited (Investor Relations)

+44 (0) 7891 677 441

Sasha Sethi

 

 

Company Information

Tlou Energy is focused on delivering Gas-to-Power solutions in Botswana and southern Africa to alleviate some of the chronic power shortage in the region.  Tlou is developing projects using coal bed methane (CBM) natural gas.  Botswana has a significant energy shortage and generally relies on imported power and diesel generation to fulfil its power requirements.  As 100% owner of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling opportunity using domestic gas to produce power and displace expensive diesel and imported power.

 

The Company is listed on the Australian Securities Exchange, London's AIM market and the Botswana Stock Exchange and is led by an experienced Board, management and advisory team including individuals with successful track records in the CBM industry.

 

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 and has a 100% interest over its Mining Licence and ten Prospecting Licences covering an area of ~9,300 Km2 in total.  The Lesedi and Mamba Projects already benefit from significant independently certified 2P gas Reserves of ~41 BCF.  In addition, 3P gas Reserves of ~427 BCF and Contingent Gas Resources of ~3,043 BCF provide significant additional potential.

 

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 Botswana to neighbouring countries.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCLLFSDVFILVIA

Quick facts: Tlou Energy Limited

Price: 4.9

Market: AIM
Market Cap: £22.06 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Tlou Energy's Tony Gilby updates on Lesedi production ahead...

Tlou Energy Limited’s (LON:TLOU) Tony Gilby speaks to Proactive London's Andrew Scott ahead a site visit next week. He says they've made an excellent start to flow testing at its Botswana coal bed methane wells. Gilby adds that, like most new CBM wells, the Lesedi operation is expected to...

4 weeks ago