After graduating with first class honours in economics from Lancaster University in 2006, Jamie spent a number of years as a private client equity dealer gaining front-line experience in the investment industry during the most fast paced and volatile period in financial history. Having acquired an insight from both professional and individual investors, Jamie joined Proactive’s growing editorial team in 2009.
"The approval of the company's tender represents great progress for Tlou,” said Tony Gilby, managing director.
"The progress made by Zoetic since we established this operation less than two months ago has been excellent,” said Robert Price.
The explorer has multiple exploration opportunities, being advanced concurrently and despite recent disappointment other potentially significant assets remain in the Alaska portfolio
Stockbroker Shore Capital sets a fair value estimate for Tlou at 25p per share, versus a market price of 5.5p
A deal for the conventional portion of the Project Icewine asset is expected in the coming weeks, while the formal process for the shale project will come later in the year.
Tlou is seeking further clarity from the Botswana authorities after an announcement was published in a domestic newspaper.
“The granting of the downstream EIS is great news for the company as it gives the final environmental authorisation for the initial proposed development," said boss Tony Gilby
In the near term, the company awaits the outcome of well testing and separately the CBM tender process