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Renewal of prospecting licenses for Tlou Energy

Published by , Editorial Assistant
World Coal,

The Lesedi project consists of five CBM prospecting licences in Botswana covering an area of approximately 3800 km2.

These licences are currently the focal point for the Company’s operations and include the Selemo project area where the company has been producing gas for an extended period. Renewal applications for three key prospecting licences (PL 001, 002, 003/2004) were submitted to Botswana’s Ministry of Minerals, Energy and Water Resources (MMEWR) in December 2016.

MMEWR has confirmed that these licences have been renewed for a further two-year term to 31 March 2019. The area covered by these licences is of significant importance to Tlou and subject to results of the ongoing field operations the company may convert part of these prospecting licence areas to a Mining Licence during the term of the current renewal period. A Mining Licence is required prior to the commencement of full field development.

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