Tlou Energy (TLOU) Starts Drilling Operations In Botswana
, the gas-to-power project company, focused on Southern Africa, has commenced drilling at its Lesedi coal bed methane project in Botswana.
The first well dubbed ‘Lesedi 3P’ is to be drilled to a proposed total depth of 580m, is the first of the planned production drilling program.
“This will be followed by production testing with the potential to ultimately convert a significant portion of the currently established gas Resources to Reserves and to deliver gas to a proposed central processing facility and power station located in close proximity.”
Production start-up is expected to commence in early 2019
The company is to continue work on the Environmental Impact Assessment for the power station and proposed transmission lines, which is required to connect the Lesedi gas field to the power grid in Botswana.
It is also working with the Botswana Energy Regulation Authority (BERA) to acquire a power generation license as well as furthering discussions in relation to offtake agreements.
Tlou Energy is focused on delivering Gas-to-Power solutions in Botswana and southern Africa to alleviate some of the chronic power shortage in the region, where it currently relies on expensive imported power and diesel generation.
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