Proactive Investors - Run By Investors For Investors

Tlou Energy confirms tender submission for coal bed methane project

"We are delighted that the re-submission of the tender has been completed and look forward to a response from the ministry,” said Tony Gilby
Tlou Energy
Drilling is due to start in October
Tlou Energy Ltd (LON:TLOU) has told investors that it has submitted its tender to the Botswana authorities for its proposed coal bed methane gas-to-power project.
 
The company, in a statement, highlighted that its proposal involves the development of a CBM Gas-to-Power project in stages with an initial development of up to a 10MW capacity.
 
It added that the submission will be assessed based on eligibility, technical and funding criteria.

READ: Tlou Energy gearing up for October drilling

"We are delighted that the re-submission of the tender has been completed and look forward to a response from the ministry,” said Tony Gilby, Tlou managing director.
 
“We have detailed what we believe is a very compelling and robust proposal.  
 
“If successful this project can help start a new CBM industry in Botswana, create further employment, provide a much-needed local clean power source, and bring a return for Tlou investors.”
 
Tlou noted that the timeline for the remainder of the tender process is not yet known, though it also said that it is due to start a drilling programme very soon.
 
Gilby added: “Tlou is well placed, as the leading CBM company in the region, to be able to deliver the project outlined in the submission and we look forward to working closely with the government to make it a success.  
 
“I would like to thank all our staff and consultants for their time an effort working on this project.”
View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

Ukraine oil well
February 01 2019
In Ukraine, the Group’s assets are located near to Poland and Romania
oil well
February 07 2019
Company has exploration and production interests in shale licences in the US and Australia
oil and gas operations
November 12 2018
The second well at Verbier has the potential to significantly upgrade the size and commercial potential of the presently undeveloped oil field

© Proactive Investors 2019

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