Proactive Investors - Run By Investors For Investors

Tlou Energy believes it will likely secure investment in near term

Talks are taking place over a potential investment into the company
oil well drilling
Well operations are presently underway in Botswana

Tlou Energy Limited (LON:TLOU) has said it believes there’s a significant likelihood that it will secure investment in the near term.

The coal bed methane firm, in a stock market statement, confirmed that it is in discussion with parties considering investment into the company either via equity or debt provision.

WATCH: Tlou Energy expects completion of drilling at Lesedi CBM project 'within weeks'

Wednesday afternoon’s statement was in response to a query from the Australian Securities Exchange, specifically in relation to the financial period ended 31 December 2018.

“The company confirmed that it expects to have negative operating cash flows for the coming periods as the Company is engaged in gas exploration and early-stage development,” Tlou said.

It added: “Tlou expects to be able to continue its operations and meet its objectives.

“Operating cash flows have been higher during Q4 2018 and Q1 2019 due to the ongoing drilling programme being undertaken by the Company. This work programme will be completed in Q1 2019, and thereafter operating cash flows will be significantly reduced.”

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

Touchstone
January 17 2019
An independent evaluation confirming the potential of the Ortoire block is a “significant milestone”, according to analysts at SP Angel
Q&A, question and answer graphic
January 17 2019
The company is focused on the prolific oil & gas producing Anadarko Basin in the US state of Oklahoma.
1532368774_Vanadium-electrolyte-batteries.jpg
July 25 2018
Anfield revealed that its prospective energy partners have shown an increasing interest in its vanadium assets

© 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