Tlou Energy Limited – the ASX, AIM and BSE-listed company focused on delivering power in Botswana and Southern Africa through the development of coalbed methane (CBM) – 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 new CBM prospecting licence by the Department of Mines at the Ministry of Mineral Resources, Green Technology and Energy Security in Botswana. The new licence, PL011/2019 designated ‘Boomslang’ is valid for an initial term of three years. The licence area is approximately 1000 km2 and is situated adjacent to the company's existing licences. The Boomslang area is located on-trend with the encouraging results observed to date at the Lesedi project and is considered to be highly prospective.
With initial development operations ongoing at the Lesedi gas field, the award of the adjacent Boomslang area along with the Mamba area provides the company with further flexibility and optionality.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Read the article online at: https://www.worldcoal.com/cbm/01042019/tlou-energy-confirms-new-prospecting-licence-area/