The company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs.
Tlou Energy has completed an equity placement to Sophisticated Investors totalling approximately AUS$1.2 million.
The company has been awarded a new CBM prospecting licence by the Department of Mines at the Ministry of Mineral Resources, Green Technology and Energy Security in Botswana.
More CBM news
Top-hole drilling for both lateral and vertical sections for production pods Lesedi 3, Lesedi 4 and top-hole drilling for the optional production pod Lesedi 5 have been completed successfully.
Tlou Energy Limited has provided an update on its drilling operations at the Lesedi CBM project in Botswana.
Inlandsis Fund and Environmental Commodities Corporation have signed an agreement to expand a leading mine methane abatement project.
The Botswana Environmental Department has approved the environmental management plan for the Serowe coal seam gas project.
The Minerals Council of Australia says the Federal Government should back Australian mining companies and the regional communities which they support.