Tlou makes progress at Lesedi and Mamba

Botswana-focussed coalbed methane energy developer Tlou Energy updated the market on the progress of its 2D seismic program and core-hole drilling operations at its Lesedi and Mamba coalbed methane projects on Tuesday.

The AIM-traded firm confirmed the seismic survey field acquisition was now complete, with data processing ongoing.

It also said its core-hole drilling operations were underway at the Lesedi and Mamba projects, with one core-hole complete and core samples sent for analysis.

Tlou said its objective in these operations was to identify further gas reserves and contingent resources, and determine the optimum location for first phase development wells in 2018.

“This 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,” said Tlou’s managing director Tony Gilby.

“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 the first quarter of 2018.”