Tlou Energy Limited has advised that at its annual general meeting (AGM), all resolutions were duly passed.
Download Flender’s exclusive white paper for free to learn about a solution for dealing with the harsh conditions faced by conveyors around the world.
As planned, water rates in both pods have continued to decline, with both Lesedi 3 and 4 production pods having successfully commenced flowing sustained rates of gas.
More CBM news
Lesedi 3 has reached critical desorption pressure; Lesedi 4 continues to be carefully dewatered in a consistent and controlled manner.
In October 2018, the company submitted its comprehensive response to the request for proposal for the development of a maximum of 100 MW of CBM fuelled power plants in Botswana.
The company will liaise with the Ministry of Minerals Resources, Green Technology and Energy Security and the PPADB to obtain further clarity on the decision, and will update the market once official confirmation has been received.
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.