The company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs.
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.
More CBM news
Tlou Energy has released its operational report in respect to the Lesedi and Mamba CBM projects in Botswana, for the quarter ended 31 December 2018.
The Tlou Energy Lesedi CBM Project in Botswana currently has sufficient gas reserves for an initial development of 10 MW based on 2P gas reserves of ~41 billion ft3.
Australia’s Labor Party is set to add another layer of green bureaucracy, which will cost jobs, discourage investment and make it easier for activists to disrupt and delay projects in the minerals sector.
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.