Tlou Energy Limited has listed the key events during the quarter ending 30 June for the Lesedi CBM project.
The Lesedi 4 pod has reached critical desorption pressure, and a short-term gas flow test conducted at the Lesedi 3 pod yielded positive results.
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.
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.
The company has successfully completed a targeted, private placement to sophisticated investors in Botswana raising BWP21.8 million before costs.
Tlou Energy has completed an equity placement to Sophisticated Investors totalling approximately AUS$1.2 million.
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.
Tlou Energy has successfully completed the drilling of the Lesedi 3 development pod at its CBM project in Botswana.
Tlou Energy has responded to a query from the ASX regarding the company's Appendix 5B for the period ended 31 December 2018.
DIVERGENT Energy Services Corp. provides updates on its electric submersible pump and linear electromagnetic submersible pump operations.
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.