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Tlou Energy advances Lesedi project

By Iain Gilbert

Date: Tuesday 06 Nov 2018

Tlou Energy advances Lesedi project

(Sharecast News) - Tlou Energy said drilling at its Lesedi coal bed methane project in Botswana was advancing as expected.
Tlou drilled its first vertical well to a total depth of 575 metres on 16 October and has since turned its focus towards its second well in the current programme.

The AIM-listed outfit hopes to unlock gas flow data ahead of its proposed initial project development area, where management anticipate production start-up for the wells could come in the first quarter of 2019.

"The wells will be on production for an extended period of time to de-water and lower the pressure in the coal seam to achieve gas flow," Tlou said.

As of 0910 GMT, Tlou shares had picked up 0.18% to 5.51p.

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