Sign up Australia
Proactive Investors - Run By Investors For Investors

Tlou Energy plans production well drilling at Lesedi for third quarter of 2018

Tlou added that long lead items had been ordered and that it was currently working with geological and drilling consultants on optimising the production well design
Drill workers
The firm also said its core drilling rig was expected on site soon

Tlou Energy Limited (LON:TLOU ASX:TOU) said it is currently planning a drilling programme for production wells at its Lesedi coal bed methane (CBM) project to start in the third quarter of this year.

The AIM-listed energy company said in an operations update that the new production wells would be dual lateral wells, intersecting a vertical well and are to be located close to the proposed central processing facility, where quality seismic and core hole data control now exists.

READ: TLOU Energy raises capital to accelerate CBM well plans

Tlou added that long lead items had been ordered and that it was currently working with geological and drilling consultants on optimising the production well design to enhance flow rates.

The firm also said its core drilling rig was expected on site soon and would be used to help obtain additional subsurface and more core-hole information on gas reserves on the project.

The company added that it was still awaiting information from the government of Botswana, where the Lesedi project is located, on its proposed re-tender of the Request for Proposal (RFP) for development of up to 100MW of CBM fuelled power plants in Botswana.

While the timing of the process was outside the company’s control, it expected an update on the process soon.

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

1532936443_uranium.jpg
July 30 2018
The Salamanca project retains considerable support locally
oil and gas operations
Thu
Spirit Energy, majority-owned by British Gas parent Centrica, is to fund a programme of new wells and cover Hurricane's costs for initial field development work for the Greater Warwick Area
Texas flag
September 04 2018
Well workovers in June boosted average gross production before royalties to around 44 barrels of oil per day

© 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