Tlou Energy makes good progress in Botswana

Tlou Energy updated the market on its operations over the last six months on Friday, making good progress with a number of its ongoing developments in Botswana.

The AIM-traded company said it achieved a range of milestones towards delivering is 10MW gas-to-power pilot plant in to serve the constrained regional energy market during the period.

It also completed an expanded drilling programme at the Lesedi project, and finished de-watering.

Tlou Energy said gas flow testing had commenced there post-period end, and was focused on enabling the company to book independently certified reserves.

"It has been a very busy few months for the company with significant progress made at the Lesedi CBM Project specifically, developing the gas field, progressing our environmental approvals, and continuing negotiations with potential off-take partners," said Tlou managing director Gabaake Gabaake.

Gabaake said the company was well-positioned to achieve its planned near-term goals, achieve sustained economic gas glows at the Lesedi project, obtain independently certified gas reserves and move the project from exploration and appraisal to the development phase.

"Listing on AIM was a significant achievement, opening up the company to the UK market which has a strong appetite for African focused projects like Tlou's. This has set the foundation for further growth and I look forward to reporting our positive progress to both our Australian and UK investors alike," he concluded.