Tlou Energy (ASX:TOU) is gearing up for a three well coring program in 2014 at its Karoo Central Project area in Botswana which is expected to commence toward the end of January 2014.
Cores will be evaluated for CBM reservoir properties, with gas desorption testing and other laboratory tests planned to be conducted.
Significantly, with the data obtained from this process, along with data previously obtained, Tlou is aiming to certify the first reserves of a CBM reservoir in Botswana.
Having seen an investment of over $40 million on drilling and testing programs to date by Tlou and the previous operator, and over 70 wells drilled along with the acquisition of a comprehensive technical data base, the CBM project is well advanced.
In fact, the Karoo Central project is one of the most advanced CBM projects in southern Africa as a result of this investment
Achieving reserve certification is the next step in the planned commercialisation of Tlou’s CBM assets in Botswana.
This was after drilling activities were completed for the 2013 Horizontal Pod Drilling Program, the DWD Buffalo Rig was released on Friday 29 November. The rig was moved, cleaned and stacked at the Lesedi Pod laydown staging area.
The three well coring program will be conducted within the Karoo Central CBM prospective fairway, the same fairway in which the Selemo and Lesedi pilot pods are located.
The objective of the coring is to define the extent of the prospective CBM fairway, as well as assisting with reserves certification, which should be completed by mid-2014.
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