Tlou Energy Announce Interim Results
Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (‘CBM’) projects, announced its interim results for the six months ended 31 December 2015.
Achieved a range of milestones towards delivering a 10MW gas‐to‐power pilot plant in Botswana to serve the constrained regional energy market
Completion of expanded drilling program at the Lesedi project and de‐watering completed
Gas flow testing commenced post period end focused on enabling the Company to book independently certified reserves
EIS application for field development lodged with approval expected in H1 2016
Successful dual listing on AIM to fund 2016 gas testing operations
Tlou Managing Director Gabaake Gabaake said,
“It has been a very busy few months for the Company with significant progress made at the Lesedi CBM Project specifically, developing the gas field, progressing our environmental approvals, and continuing negotiations with potential off‐take partners.
“The Company is well positioned to achieve its planned near term goals; achieving sustained economic gas flows at the Lesedi project; obtaining independently certified gas reserves and moving the project from exploration and appraisal to development phase. Listing on AIM was a significant achievement, opening up the Company to the UK market which has a strong appetite
for African focused projects like Tlou’s. This has set the foundation for further growth and I look forward to reporting our positive progress to both our Australian and UK investors alike.”
Source: Tlou Energy Limited
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