Tlou Energy Limited (LON:TLOU) shares traded positively on Monday following the release of the group’s quarterly operational report.
The company highlighted that during the period a mining licence was granted over the company’s project area, and it submitted a gas-to-power proposal to the government of Botswana.
In the statement, the company also highlighted that development financing negotiations are ongoing with various interested parties, locally and internationally.
Additionally, it noted that a seismic survey is underway, covering the Lesedi and Mamba project areas.
Tlou shares were up 12.3% changing hands just above 10p.