Tlou Energy successfully drills first development pod in Botswana CBM project
has successfully completed drilling its first development pod at its Lesedi coal bed methane (CBM) project in Botswana. The southern African natural gas company is the first to power Botswana through certified CBM gas reserves.
The drilling programme of the Lesedi wells began late last year. Today, lateral wells Lesedi 3A and 3B have been drilled to successfully intersect the vertical Lesedi 3P well-- completing the Lesedi 3 development pod.
The project, covering approximately 3,800 km2, has established Tlou Energy as an Independent Power Producer as it continues it efforts to generate a new Bostwanian CBM gas industry.
According to the company, the addition of the Lesedi project also has the potential to “create a new market for Tlou's independently-certified gas reserves of ~41 billion cubic feet (2P), ~427 billion cubic feet (3P) and significant contingent gas resources of ~3 trillion cubic feet (3C). “
The success of this drill campaign secures Tlou Energy’s first mover advantage in the southern African onshore gas industry, an edge the company is likely to keep capitalising on.
For more news and updates on Tlou Energy Limited:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.