Proactive Investors - Run By Investors For Investors

TLOU Energy advances second new Lesedi CBM well

The drill programme aims to add operational data to its 'compelling' coal bed methane project proposal in Botswana.
oil and gas operations
In October the Lesedi CBM proposal was sent to the Botswana authorities

TLOU Energy Ltd (LON:TLOU) updated investors on its field operations in Botswana where it is advancing the Lesedi coal bed methane project.

It told investors that the vertical Lesedi-3P well had now been drilled down to its total depth of 575 metres.

READ: Tlou Energy believes proposal for Lesedi is compelling

Drilling is also now underway for Lesedi-4P which is the second well in the current programme.

The aim is to unlock gas flow data ahead of the company’s proposed initial project development area. It is anticipated that production start-up for the wells could come in early 2019.

“The wells will be on production for an extended period of time to de-water and lower the pressure in the coal seam to achieve gas flow,” Tlou said in a statement.

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

pylons
October 22 2018
The first well, 'Lesedi 3P', is scheduled to drill down to a depth of 580m
Texas flag
September 04 2018
Well workovers in June boosted average gross production before royalties to around 44 barrels of oil per day
oil well in Alberta
November 15 2018
The company has cash-generating oil and gas operations with exploration upside.

© 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