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Tlou Energy Limited AGM Chairman’s address

Published by , Editorial Assistant
World Coal,

Tlou Energy Limited, a company focused on developing gas-to-power projects in Southern Africa using coal bed methane (CBM) natural gas from its gas field in Botswana, has advised that at its annual general meeting (AGM), all resolutions were duly passed.

The Chairman's statement, given by Tlou Chairman Martin McIver, is as follows:

“It gives me great pleasure to deliver the Chairman's address at Tlou's sixth AGM as a listed entity.

“The past year has been an exciting one for Tlou, with the company hitting a number of significant milestones which will help us reach our future goal of being the first CBM project in Botswana to move into production.

“Tlou's primary focus over the years has been on developing the Botswana Lesedi CBM initial pilot project including completing two new pilot production pods Lesedi 3 and 4. These new gas production pods were drilled and completed earlier this year and are situated close to Tlou's proposed central processing facility to optimize future development activities.

“The Lesedi gas production pods have now started producing sustained gas, with both pods and we are encouraged with the result to date. In addition to the production testing, we have been working on the next steps in the Lesedi CBM project's development plan, including further exploration work in the Mamba project area, completing detailed design of the central processing facility and surveying of the transmission line route. We remain committed to building shareholder wealth through progressing the Lesedi CBM project towards production while continuing to develop at low cost the Mamba and Boomslang Project areas.

“Tlou is excited by the development of a CBM gas industry in Botswana. The establishment of this industry will not only help the country manage the current energy shortage it faces but will also provide a new industry, and associated employment. CBM will create an alternative and cleaner energy source for the country and its citizens.

“Finally, and most importantly, I would like to take this opportunity to recognise the continuing support of our shareholders, without whom our project would not be possible.”

A presentation given by Tlou Managing Director, Anthony Gilby, is available on the company's website.

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