Proactive Investors - Run By Investors For Investors

Tlou Energy lodges key application for Botswana coal bed methane project

“The Mining Licence for the Lesedi CBM Project is the first application of its kind to be lodged in Botswana,” said Tony Gilby, Tlou managing director.
oil and gas drilling pipe
CBM development is seen as a source of indigenous power generation

Tlou Energy Ltd (LON:TLOU) has today confirmed it has lodged an application to the Botswana authorities for the company’s Lesedi coal bed methane development project.

The company, in a statement, said it had now lodged the mining licence application with Botswana's Department of Mines in the Ministry of Mineral Resources, Green Technology and Energy Security.

WATCH: Tlou Energy's Lesedi application 'a significant de-risker' for their CBM project - Tony Gilby

“The Mining Licence for the Lesedi CBM Project is the first application of its kind to be lodged in Botswana,” said Tony Gilby, Tlou managing director.

“The award of the mining licence will be another milestone for the company which further enhances the first mover advantage we have to develop a Gas-to-Power project in the country. 

“The issue of a mining licence will pioneer the development of a new and exciting natural CBM gas industry in Botswana, an industry that will lead to a new indigenous source of energy and employment for the country.”

“Over time it will potentially allow new manufacturing industries to develop using Botswana CBM gas and facilitate the creation of a new renewable energy industry.”

At the same time, Tlou noted that the Ministry has indicated that it will extend the deadline for its Request for Proposal for the development of 100 megawatts of power generation.

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

The Rex drill site at Wizard Lake project
March 18 2019
Proved and probable reserves at the Albertan province project are 225,000 barrels of oil.
Italy
August 07 2018
Currently it owns 100% positions in two southern Italian licences, but Aitken says reducing its interest in either or both would allow the group to broaden its reach
oil and gas operations
November 12 2018
The second well at Verbier has the potential to significantly upgrade the size and commercial potential of the presently undeveloped oil field

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use