The company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs.
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.
More CBM news
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.
Inlandsis Fund and Environmental Commodities Corporation have signed an agreement to expand a leading mine methane abatement project.