Tlou Energy advancing towards PPA negotiations for Botswana power project
The Botswana authorities have agreed to start talks for a temporary power purchase agreement to advance a pilot power project
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 Botswana authorities have agreed to start talks for a temporary power purchase agreement to advance a pilot power project
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A glance at some of the day's highlights from the Proactive Investors newswire
Gas and water are being produced at the Lesedi 3 and 4 production pods
The Botswana focussed firm said it is very pleased with the performance of both production pods at the Lesedi coal-bed-methane project.
The house broker has a price target of 20p per share
TLOU is advancing the CBM venture and it sees the potential to become a pioneer in the industry's development in Botswana.
A glance at some of the day's highlights from the Proactive Investors newswire
Looking ahead, managing director Tony Gilby said shareholders could look forward to an anticipated gas reserve upgrade at the firm's Lesedi project
The pods will provide the starting point for a coal-bed-methane based gas-to-power venture in Botswana.
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A glance at some of the day's highlights from the Proactive Investors newswire
“A CBM gas flow typically starts out from an initial rate and then steadily increases to reach a commerciality threshold,” Tlou said.
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A glance at some of the day's highlights from the Proactive Investors newswire
"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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A glance at some of the day's highlights from the Proactive Investors newswire
Operations continue to bring the coal bed methane project towards flow testing.
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