Tlou Energy boss highlights “phenomenal year” as coal bed methane project advances
“It was a very busy year and the coming year is set to be another significant one for the company," said Tony Gilby.
Company
LON:TLOU
Tlou Energy Ltd is developing energy solutions in Sub-Saharan Africa through gas-fired power and ancillary projects. The Lesedi Gas-to-Power Project is 100% owned and is the company's most advanced project. Tlou's competitive advantages include the ability to drill cost-effectively for gas, operational experience and Lesedi's strategic location in relation to energy customers.
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“It was a very busy year and the coming year is set to be another significant one for the company," said Tony Gilby.
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Some this week's oil and gas news highlights from the newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Project development can start at any time with no minimum spend obligation, Tlou explained
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A glance at some of the day's highlights from the Proactive Investors newswire
Tlou is one of two companies that received a detailed request for proposal for the development of power plants in Botswana
The FTSE 100 was its gains eroded as the Jackson Hole chinwag got under way
It marks a transition for the Lesedi project, into the development phase from exploration and appraisal.
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A glance at some of the day's highlights from the Proactive Investors newswire
Cadence rose after it unveiled plans to offload one of its investments
“The awarding of the Mining Licence by the ministry is a major milestone for the company," said managing director Tony Gilby.
Investments and investor services
The FTSE 100 traded in a narrow band all day, finishing 5 points lower at 7,319
Companies at the Noosa conference have 15 minutes to tell their story.
Shares in Tlou are trading 22% higher since the start of July.
A new gas generator also came on stream recently and has started to produce the first power from the project
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A glance at some of the stories on the Proactive newswire today
Investments and investor services
The blue chip index closed up 40.69 at 7,430 on the day
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A glance at some of the stories on the Proactive newswire today...