viewTlou Energy Limited

Tlou Energy builds on position in Botswana ahead of key results at Lesedi


Lesedi is one of three separate CBM projects Tlou has in Botswana. The Lesedi project comprises of one mining licence and four prospecting licences.

coal mine

Quick facts: Tlou Energy Limited

Price: 4.5699 GBX

Market: AIM
Market Cap: £20.57 m
  • Tlou Energy Limited (LON:TLOU) is an aspiring gas production and electricity generation company
  • Enormous gas asset in Botswana with 9,300 sq km of acreage and proven gas (CBM) reserves
  • The first phase of multiple production wells completed at Lesedi in March are currently being production tested.
  • The production wells Lesedi 3P and 4P are currently flowing gas with flow rates expected to increase over time with first electricity sales targeted for Q4 2020.
  • Tlou’s projects are 100% owed and operated in an area which has a huge regional power demand. 


What it owns

The Lesedi project is one of three projects Tlou has in Botswana. The Lesedi project has Environmental Approvals and a Mining Licence in place as well as four further CBM prospecting licences covering an area of approximately 3,800 Km2.

The company’s most  recently acquired acreage is the 1,000 Km2 Boomslang licence close to Lesedi, while it also owns the 4,500 Km2 Mamba field to take its total acreage to 9,300 Km2.

What the boss says

"I am very encouraged by the recently completed drilling program and in particular the strong gas indications observed to date,” said Tony Gilby, Tlou managing director.

“Furthermore, the good initial water flow, which is higher than that previously observed at Selemo, is potentially indicative of good permeability and therefore potentially good gas flows in this geologically high-graded area.



Inflection points

  • Increasing Gas flow results from Lesedi 3P and 4P
  • Finalisation of Power Purchase Agreement with the Botswana Government
  • Additional CBM reserves being booked in Tlou’s projects


Blue sky: 25p fair value target

House broker Shore Capital said: “Lesedi 3P” is a vertical well and the first in Tlou’s planned production drilling programme, which aims to provide gas flow data in the proposed initial development area. 

Shore Capital’s fair value estimate for Tlou stands at approximately 25p/share and with a very active work planned, the broker sees ‘excellent scope for Tlou to become a leading Southern African-focused independent power producer’.

At 5.85p, Tlou is valued at £23.5mln.

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Full interview: Further gas flow rate upgrades expected from Tlou Energy

Tlou Energy Limited (LON:TLOU) CEO Tony Gilby is excited about the year ahead and answers investor queries via Proactive London . Speaking from Brisbane Australia, Gilby tells Polly Middlehurst when commercial gas flow rates can be expected on their CBM projects in Botswana and what a potential...

on 3/9/19

2 min read