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Tlou Energy Limited reveals both Lesedi pods have now achieved sustained gas flows

The pods will provide the starting point for a coal-bed-methane based gas-to-power venture in Botswana.

Tlou Energy Ltd - Tlou Energy Limited reveals both Lesedi pods have now achieved sustained gas flows

Tlou Energy Limited (LON:TLOU) told investors that the Lesedi 3 and Lesedi 4 production pods have now both achieved sustained gas flow rates.

In a statement the company said that each pod has showed an initial sustained gas flow of about 20 thousand cubic feet per day (Mcfd). These rates are expected to increase steadily towards peak and commercial flow rates.

“The company is very encouraged by production data and well performance to date and look forward to providing further updates in due course,” the company said.

The Lesedi production pods are the initial basis of a planned coal-bed-methane sourced gas-to-power venture in Botswana.

Tlou is targeting first electricity sales are targeted in 2020.

Quick facts: Tlou Energy Limited

Price: 2.74 GBX

AIM:TLOU
Market: AIM
Market Cap: £12.33 m
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