Sign up Australia
Proactive Investors - Run By Investors For Investors

Tlou Energy updates on Botswana CBM drill progress

“The drilling programme has been very well managed by our operations team and we are delighted to have two core-holes completed"
Onshore CBM gas drilling
The third drill hole is expected to be complete in early 2018

Tlou Energy Limited (LON:TLOU) told investors it has now completed the first two core holes in its ongoing programme at its coal bed methane projects in Botswana.

The first two holes were drilled at the Lesedi project, and the third hole is being drilled in the Mamba area and it is expected to be completed in early 2018.

READ: Tlou Energy completes 2D seismic programme for Botswana coal bed methane project

Coal samples have been taken from the first holes and they are being analysed alongside seismic survey data. Initial results are expected in early 2018.

The core-hole drilling will guide planning for the first phase of field development drilling, due in 2018, and will also inform a potential update to the project’s reserves and contingent gas resources.

"The lower Morupule coal seam intersected in the two recently completed core-holes appears to be of similar thickness and quality to other core-holes previously drilled by Tlou,” said Tony Gilby, Tlou managing director.

WATCH: Tlou Energy keen to expand ownership of the company in Botswana

“The drilling programme has been very well managed by our operations team and we are delighted to have two core-holes completed. 

“The information from the drilling program, along with the recently completed seismic survey, is being sent to our independent reserve certifiers with the objective of expanding the existing Gas Reserves and Contingent Resources in early 2018."

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

picture of woodchip
September 21 2017
Advanced Biomass Solutions (ABS), AEG’s biomass affiliate, will construct and run the plants
onshore drilling operation
July 20 2017
“One thing is sure they will be turning heads in Calgary and that is all good for attracting partners and furthering their success”
Exploration oil well
November 24 2017
The company has exploration and development upside with its suite of North African oil assets

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use