Tlou Gives Positive Botswana Update

Coalbed methane specialist Tlou Energy has identified further gas reserves and contingent resources and determine optimum location for first phase development wells in Botswana next year, it said November 28.

The UK and Australian listed company is eyeing gas-to-power projects in the country and last month it submitted a plan for the government's approval, with the first plants being relatively modest.

CEO Tony Gilby said new seismic data "appears to be excellent quality and has the potential to guide us towards the delineation of further gas reserves and contingent resources and enable us to determine the optimum location for the first phase development wells planned for 2018.  Velseis, our seismic consultant, is processing the remaining lines and the final data set will be supplied to SRK, Tlou's geological consultants, for interpretation and we will provide further updates regarding this in Q1 2018."

The seismic survey was conducted by Australian Velseis and covered about 250 km of the Lesedi and Mamba projects including part of the mining licence area.  

The field acquisition phase was completed last week with data processing now in progress.  "The new seismic data is of excellent quality and will serve to provide a more accurate picture of the subsurface target coal horizon," Tlou said.  A report on the data is expected in early Q1 2018.