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TLOU Energy Ltd’s Lesedi-4 pod is now set for production

"We are very pleased to have now reached CDP at both the Lesedi 3 and Lesedi 4 production pods,” said Tony Gilby.

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Two production pods have reached CPD

TLOU Energy Ltd (LON:TLOU) told investors that the Lesedi 4 production pod has now reached ‘Critical Desorption Pressure’, or CDP, which is the point at which coal bed methane wells can start being producible.

Stated another way, CDP is the point at which gas begins to be released from coal following the dewatering process.

WATCH: Tlou Energy 'finalising project agreements' after tender approval

The company revealed that a short term gas flow test took place, with positive results, and dewatering continues in the Lesedi 3 and Lesedi 4 pods in line with the company’s plans.

"We are very pleased to have now reached CDP at both the Lesedi 3 and Lesedi 4 production pods,” said Tony Gilby, TLOU managing director.

“The short-term gas flow test at Lesedi 3 has also been positive, and with the primary objective of demonstrating a commercial gas flow rate, we look forward to further testing at both Lesedi 3 and 4.  Further updates will be provided in due course," he added.

Quick facts: Tlou Energy Limited

Price: 4.1 GBX

AIM:TLOU
Market: AIM
Market Cap: £18.46 m
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Full interview: Tlou Energy 'pushing hard' to get PPA and Botswana financing...

Tlou Energy Ltd's (LON:TLOU) Colm Cloonan tells Proactive London's Andrew Scott gas flows continue at the Lesedi coal bed methane project, with recent short-term rates significantly ahead of its previously reported performance. He adds that they're pushing hard on both securing a response to...

on 27/11/19

2 min read