RNS Number: 5897 Z Tlou Energy Ltd 20 May 2019 20 May 2019. Tlou Energy Limited can confirm that the Company has now received written confirmation from the government of Botswana that it has been chosen as a preferred bidder for the Development of a "Maximum of 100 MW of Coal Bed Methane Fuelled Power Plants in Botswana".. ·Tlou Energy Limited has been selected as a...
Latest Video interview with Tlou Energy MD Tony Gilby where following last week’s update from the government in the Botswana press, Gilby stated that he now considers the now RFP process to be completed and expects further clarification on the process soon. In his opinion, the company has now achieved their objective to be awarded their component of the government’s request for proposal to tender to supply CBM gas to power - initially that of a staged 10MW development prior to seeking to rapidly expand this once the first phase has been completed. All key environmental approvals (both upstream and downstream) are in place and the company is already in possession of a production licence allowing them to connect to the grid and facilitate sale of product. Dewatering for the recently completed wells at Lesedi to allow gas flows at the Lesedi production pods has been progressing positively and the company also look forward to updating the market further soon. Please see link below to view the full video interview on Proactive Investors:
Title: The Ministry of Minerals Resources, Green Technology and Energy Security's request to engage in negotiations with the following bidders in respect of a tender for Development of a Maximum of 100 mw Coal Bed Methane Fueled Pilot Power Plants in Botswana:. On 10 October 2018 the Company submitted its comprehensive response to the RFP for the Development...
RNS Number: 6524 X Tlou Energy Ltd 01 May 2019 1 May 2019. Downstream Environmental Impact Statement Approved. Tlou Energy Limited is pleased to announce that Botswana's Department of Environmental Affairs has approved the Environmental Impact Statement for up to 20 MW Coal Bed Methane Power Generation, a 66 kV Transmission Line to Serowe and a Solar Farm up to...
Tlou Energy Limited (TLOU.L) Announced in its operation report for the quarter ending 31 March 2019, that New highly prospective 1,000 Km2 Boomslang CBM Prospecting Licence has been awarded, drilling operations were completed successfully at the Lesedi CBM project, on time and on budget, production testing underway at the Lesedi 3 and Lesedi 4 production wells, receipt of confirmation that the company's tender proposal has passed eligibility and technical sections. Financial section currently being assessed and a definitive result on the process is expected in near term and Capital raising totalling A$4.1 million completed post quarter, end with sophisticated and institutional investors in Australia and Botswana, adding significantly to the existing cash balance of A$2.5 million at the end of the period.
RNS Number: 3130 X Tlou Energy Ltd 29 April 2019 29 April 2019. Tlou Energy Limited is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane.. ·Capital raising totalling A $4.1 million completed post quarter, end with sophisticated and institutional investors in Australia and...
RNS Number: 7015 W Tlou Energy Ltd 18 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Link to recent Proactive Investors video interview with Tlou MD Tony Gilby. This interview was recorded just prior to an additional $2.9m investment by Botswana based fund managers including The Botswana Public Officers Pension Fund who increased their stake in Tlou to 10.49%. In the video, Tony also covers new licences acquired, operations in the field and his hope for news on the long awaited RFP in the near future
Placement with Botswana based investors. ·Funds have been raised from both a long-term existing shareholder as well as a new Botswana based fund manager. The Company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs..
RNS Number: 9836 V Tlou Energy Ltd 12 April 2019 12 April 2019. On 8 April 2019, the Company announced it raised approximately AUD $1.2 million before costs, via a placement to sophisticated investors.. The Placement is utilising the Company's capacity under ASX Listing Rule 7.1 A. The Placement shares are being issued at AUD $0.10. which amount is approximately a 2%...
RNS Number: 3998 V Tlou Energy Ltd 08 April 2019 8 April 2019. Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane is pleased to confirm that it has successfully completed an equity placement to Sophisticated Investors totalling approximately AUD $1.2...
RNS Number: 5774 U Tlou Energy Ltd 01 April 2019 1 April 2019. Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane is pleased to confirm that a new prospecting licence has been issued to the Company by the Government of Botswana.. The Company has been awarded a...
Latest Video Interview with Tlou Energy where Tlou\'s MD Tony Gilby catches up with Proactive London\'s Andrew Scott to update on their drilling programme in Botswana. Looking ahead, Gilby says the second quarter of 2019 will be the one to watch for the company with news expected on its Request for Proposal (RFP) for Development of CBM fuelled power plants, gas production from its Lesedi wells, developments around a potential funding package to get the gas into the grid as well as progress towards securing the final downstream environmental approvals.
Tlou Energy Limited (TLOU.L) Announced an update on the status of field operations at the Lesedi CBM Project ("Lesedi") in Botswana. The company has drilled all six wells which comprise the Lesedi 3 and Lesedi 4 development pods (each pod comprising one vertical production well and two lateral wells) as part of the recent field drilling program. The drilling program was carried out efficiently and safely as a result of the excellent work of the field personnel. The Lesedi 3 and 4 development pods are located adjacent to the Company's proposed central gas gathering and power generation facility
RNS Number: 0808 T Tlou Energy Ltd 18 March 2019 18 March 2019. Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane is pleased to provide an update on the status of field operations at the Lesedi CBM Project in Botswana.. ·The two development pods have been...
Tlou Energy Ltd.
TLOU.L
Tlou Energy Ltd.
Bid
-
-
-
Ask
  • High
    -
  • OPEN
    -
  • VOL
    -
  • MKT CAP
    -m
  • LOW
    -
  • CLOSE
    -
  • AVG VOL
    -
  • SHARES IN ISSUE
    329.47M

Featured Media

Company Profile

Tlou’s principal assets are in Botswana where it has the one of the most advanced CBM projects in southern Africa. Tlou’s 100% owned Lesedi CBM project has an independently certified contingent resource of up to 3.2 trillion cubic feet (3C) with a further prospective resource totalling 8.6 trillion cubic feet (High Estimate). Tlou is the first company in Botswana to have certified CBM gas reserves. Botswana and other southern African countries are currently experiencing electricity supply deficits. Tlou believes the electricity market represents an attractive commercialisation path for the Company’s CBM. The Company holds 10 Prospecting Licences covering an area of ~8,300Km2 and the Lesedi Project already benefits from significant, independently certified Contingent Gas Resources of ~3.2 trillion cubic feet (3C) and independently certified Gas Reserves. Botswana’s Department of Environmental Affairs has approved the Environmental Impact Statement (‘EIS’) submitted by the Company in December 2015 for Lesedi. The EIS was a prerequisite for the Mining Licence which was granted in 2017. Environmentally, there is a need in Botswana for the development of a relatively clean, low carbon energy source to replace the use of coal and diesel in the production of electricity. Tlou received a request for proposal (‘RFP’) from the Botswanan Government to provide up to 100MW of CBM power from its Lesedi project. The Company is led by an experienced Board, management and advisory team, some of whom have a very successful record in the CBM industry in Australia. Tlou is positioned to capitalise on a first mover advantage in the southern African onshore gas industry. Tlou Energy will consider new opportunities across the southern Africa region but remains focussed on Botswana for the foreseeable future.

Classification

Market Indices-

Locations

HQ
210 Alice Street
4000
Brisbane
Watchlist