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Tlou Energy continues to advance Botswana CBM projects

The company has grown its coal bed methane reserves base whilst working to retender for Botswana's gas-to-power projects
oil and gas operations
2P reserves rose by 944%

Tlou Energy Ltd (LON:TLOU) updated investors on its activities in the three months ended March 31, in which the company focussed on the Lesedi and Mamba coal bed methane (CBM) projects in Botswana.

At Mamba, the company successfully drilled its first core-hole, and it purchased a drilling rig to facilitate a programme of multiple additional core-holes.

WATCH:  Tlou Energy 'in a great position' after significant increase in gas reserves

The plan is to further expand the group’s gas reserves.

It highlighted that during the quarter, it achieved a significant increase in gas reserves – proved and probably (2P) reserves rose by 944% to 40.8bn cubic feet (BCF), while incorporate possible reserves the 3P number increased by 63% to 426.6 BCF.

The company also noted that Botswana’s CBM gas-to-power projects will be retendered, following the cancellation of the previous process.

Read the full statement

 

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Tlou Energy Ltd Timeline

Newswire
September 18 2018

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