Tlou Energy (ASX: TOU) continues to dewater the Lesedi and Selemo pilot pods at its Lesedi CBM Project in Botswana with gas production expected soon.
The Lesedi and Selemo pilot pods are gradually approaching the theoretical critical gas desorption pressure with the process taking longer than expected due to higher well productivity.
Indications from both pilot pods remain positive with steady water production necessitating a gradual increase in lift capacity.
The forward plan is to next increase the actual pump size in late April 2014 along with new remote monitoring devices on each pilot pod site as the next step in the production testing process.
Production will also allow the company to certify Proved and Probable coal seam gas reserves.
Majors active in the Botswana Basin that hosts Tlou's Lesedi include Sasol (US$32 billion market cap), Origin Energy (US$13.7 billion), Exxaro Resources (US$4.96 billion).
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.