1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Dear Guest, we realise advertising is annoying, it is however necessary to help us be a sustainable resource for all, if you want to go advert free then please use the following link to subscribe for £5 a month: Click here
    Dismiss Notice

(TLOU) TLOU Energy Share Chat

Discussion in 'General Share Chat (TLOU)' started by jackjack, Mar 27, 2017.

  1. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
    441CEC83-2656-4110-ABDE-F1E30BCA61B3.jpeg
    The government has revealed plans to develop and pilot a coal bed methane (CBM) fueled power plant. Ministry of Mineral Resources, Green Technology and Energy Security said that the project was undergoing procurement.

    Following approval of two companies, Sekaname and Tlou Energy as preferred bidders for the project by the Public Procurement Disposal Asset Disposal Board (PPADB), negotiations with the two companies were due to start in earnest.

    “As per the PPDB Act, the negotiations outcomes will go through an approval process by PPADB prior to awarding of the tender,” said the ministry in a statement.

    Coal bed methane fueled power plant
    According to Tlou, a proposal submission was for the development of CBM-fired power plants up to a maximum of 100MW. It outlined a staged development starting with up to 10MW of power generation to facilitate the success of the downstream project by requiring relatively minimal upfront capital expenditure, thus reducing risk. The company said based on the electricity price guide provided by the government in Tlou’s tender of about US $0.12 per kWh, a 10MW project could generate gross revenue of about US$10 million per year.

    “The effort put in by our team over recent years has been phenomenal and this result makes it all worthwhile. The company will now progress with additional work on the ground to deliver a gas‐to‐power solution that can bring significant benefits to the country and to our shareholders,” said Tlou managing director, Tony Gilby

    The project is government’s initiative geared towards facilitating development of gas industry in Botswana. Coal bed methane is a clean energy source capable of earning the country carbon credits and positively improve the country’s energy mix,

    Botswana has a significant energy shortage and generally relies on imported power and diesel generation to fulfill its power requirements.

    https://constructionreviewonline.co...-develop-coal-bed-methane-fueled-power-plant/
     
  2. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  3. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  4. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  5. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  6. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  7. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  8. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  9. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  10. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
    16 October 2019

    Tlou Energy Limited

    ("Tlou" or "the Company")


    OPERATIONAL REPORT - QUARTER ENDING 30 SEPTEMBER 2019


    Tlou Energy Limited is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africathrough the exploration and development of coal bed methane (CBM) natural gas.


    Key events during the previous quarter:

    · Lesedi 3 and 4 achieved initial sustained gas flows of approximately 20 thousand standard cubic feet per day (Mcfd) from each pod;

    · Gas flow rates anticipated to increase steadily as the coals become gas saturated;

    · Core-hole drilling utilising Tlou's own drilling rig commenced in the Mamba project area, with the objective of providing valuable data required for the expansion of the Company's gas Reserves and Contingent Resources.


    Dewatering and gas flow testing

    During the quarter the Company's operations made excellent progress with the Lesedi gas production pods having achieved sustained gas production rates.


    Following completion of the first phase of production testing, including initial dewatering, reaching critical gas desorption point and commencing gas production, the pods commenced producing sustained gas flows. The initial rates were approximately 20 thousand standard cubic feet per day (Mcfd) from each pod. This was an excellent start and the Company is very encouraged by production data to date.


    Gas production is continuing and, as with most new CBM developments the rate is anticipated to continue increasing following further reduction of pressure in the coal and additional dewatering, with the aim to reach a peak and commercial gas flow rate as soon as possible.


    The current stage of production involves maintaining pressure on the reservoir to further reduce water production, so that the lateral wells become gas saturated, rather than water saturated. This is followed by reducing pressure in the wells to the desired level which, once achieved, is usually expected to significantly increase the gas flows from the wells. This is a metholodical and detailed process and takes time to achieve. The Company will update the market on further progress in due course.


    With CBM projects not yet established in this region, Tlou could pioneer CBM development in the area. Successful results from this project could potentially facilitate the opening up of a whole new CBM basin in Botswana and be a significant boost not only for Tlou, but for the whole region, with the potential for Tlou to supply power within Botswanaand also into neighbouring countries via the Southern African Power Pool (SAPP).


    Core-hole drilling

    During the quarter, Tlou commenced core-hole drilling in the Mamba project area. Operations are being conducted using Tlou's core drilling rig and Tlou's experienced field-based personnel. As the Company is not using external drilling contractors the costs of core drilling are relatively low.


    Core-hole drilling and core analysis provides valuable information regarding coal quality and gas content. This data is required for the expansion of the Company's gas Reserves and Contingent Resources and providing information to assess new areas for potential development.


    Gas-to-Power Tender

    In 2018 the Company submitted a tender to Botswana's Ministry of Minerals Resources, Green Technology and Energy Security for the Development of a CBM-fuelled power plant in Botswana and was subsequently selected as a preferred bidder for this proposal.


    If successful, the negotiations will result in the Company agreeing a Power Purchase Agreement (PPA) with the Government of Botswana, whereby Botswana Power Corporation (BPC), the national electricity utility in Botswana, would purchase the power produced by Tlou at the Lesedi project.


    The tender negotiations are confidential and are being led by the government of Botswana. The government has confirmed its commitment to the development of CBM-fuelled pilot power plants and is in the process of sourcing an advisor to assist them in tender negotiations. Further information will be provided by the government in due course, with the next update expected after Botswana's general election later this month.

    EF51825E-03FE-4887-BA60-C5D15A3F0E95.jpeg
    The Company's forward plan, subject to financing and operational results, targets finalising a PPA and development financing as soon as possible, with first electricity sales potentially in late 2020. The Company will commit to significant field operations once development, exploration and working capital funding has been secured. The Company is listed on three exchanges so continually monitors all corporate and operational costs with a view to reduce or cut costs in any area not perceived to be adding value.


    The Company is progressing funding options for the development of the first 10MW of power generation as well as funding for further exploration and working capital requirements. Significant progress has been made with Botswana Development Corporation (BDC) for financing of the full 10MW project. The total cost for the 10MW project is estimated at USD$30mincluding 66kV transmission lines, central processing facility (CPF), 10MW of generation assets and additional production wells. The Company expects to complete negotiations for the first phase of funding by the end of the year.


    Project areas

    The Company has three project areas in Botswana:

    · Lesedi Project - Development, Exploration

    · Mamba Project - Exploration

    · Boomslang Project - Exploration


    Tlou Energy Ltd - Operational Report Quarter Ended 30 September 2019 @TlouEnergy https://www.voxmarkets.co.uk/rns/announcement/e61bfc78-9cb8-4fae-b3cf-37a24b22392c
     
  11. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
    17 October 2019

    Tlou Energy Limited

    ("Tlou" or "the Company")


    Results of AGM, Chairman's Address, Field visit


    Tlou Energy Limited, the ASX, AIM and BSE listed company focused on developing gas-to-power projects in southern Africausing coal bed methane ("CBM") natural gas from its gas field in Botswana, wishes to advise that, at the Annual General Meeting held earlier today, all resolutions were duly passed.


    The Chairman's Statement, given by Tlou Chairman Martin McIver, is set out below.


    Chairman's address - AGM

    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.


    Thank you,

    Martin McIver



    AGM Presentation

    A presentation given by Tlou Managing Director, Anthony Gilby, is available on the Company's website http://tlouenergy.com/presentations

    http://tlouenergy.com/wp-content/uploads/2019/10/AGM-Corporate-Presentation-Q4-2019-Final.pdf



    Botswana Information evening and field visit

    The Company is hosting a dinner in Gaborone, Botswana later this month to provide an update to invited guests, including local shareholders, potential investors, financiers, local officials, media outlets and other stakeholders.


    In addition, a number of potential investors will visit Tlou's field operations including the field camp, the location of the central processing facility, along with the gas producing Lesedi 3 and 4 development wells.
     
  12. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339
  13. Groucho

    Groucho Member

    Messages:
    5,157
    Reputation:
    339

Share This Page