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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."

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Tlou Energy Ltd Timeline

September 18 2018

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