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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.

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Tlou Energy Ltd Timeline

Newswire
September 18 2018

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