Tlou Energy sees 'excellent data' from seismic survey

Tlou Energy told investors on Tuesday that it had reached several key milestones in the development of its coal bed methane operations in Botswana, highlighting the "excellent data" seen from a seismic survey across the Lesedi and Mamba project areas.

Data results from the 250km wide survey were in the process of being integrated with existing data, with Tlou hoping to use insights gained to help it in the expansion process of the Lesedi and Mamba gas reserves and contingent resources.

Tlou drilled two new core-holes at the Lesedi project during the quarter, both of which intersected gassy coals, and had sent core samples off with the seismic survey data for analysis.

Operations on a third core-hole at the Mamba project continued throughout the quarter and were expected to be finished in late January.

As of 1330 GMT, shares had lost 1.06% to 14.97p.