Tlou Energy lodges key application for Botswana coal bed methane project
“The Mining Licence for the Lesedi CBM Project is the first application of its kind to be lodged in Botswana,” said Tony Gilby, Tlou managing director.
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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“The Mining Licence for the Lesedi CBM Project is the first application of its kind to be lodged in Botswana,” said Tony Gilby, Tlou managing director.
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The Botswana focussed coal bed methane group has added the City investors and long-term shareholder to its board.
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“This is the first power generated from CBM in the country and this achievement reinforces our view that CBM Gas-to-Power is achievable in Botswana using gas from the Lesedi Project," says Tony Gilby.
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Tony Gilby talked pathway to market with investors.
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The 250 km 2D seismic programme should start in the next quarter with the aim to boost gas reserves at both projects.
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