TLOU Tlou Energy Limited

TIDMTLOU

RNS Number : 4589B

Tlou Energy Ltd

04 April 2017

4 April 2017

Tlou Energy Limited

("Tlou" or "the Company")

Tlou operations remain unaffected by recent earthquake in Botswana

Tlou Energy Limited is an AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM").

Update on earthquake in Botswana

On Monday 3 April 2017 local time, Botswana experienced an earthquake, with a preliminary measure of 6.5 on the Richter Scale. The epicentre of the earthquake was in a region close to Tlou's Lesedi project area.

Tlou's operations team have reported no damage to the field camp, production testing and monitoring operations at this stage. Tlou will continue to monitor the situation as it unfolds and provide further updates if required.

For further information regarding this announcement please contact:

 
 Tlou Energy Limited                       +61 7 3012 9793 
---------------------------------------  --------------------- 
 Tony Gilby, Managing Director 
---------------------------------------  --------------------- 
 Solomon Rowland, Company Secretary 
---------------------------------------  --------------------- 
 
 Grant Thornton (Nominated 
  Adviser)                                 +44 (0)20 7383 5100 
---------------------------------------  --------------------- 
 Samantha Harrison, Colin Aaronson, 
  Harrison Clarke 
---------------------------------------  --------------------- 
 
                                           +44 (0) 207 408 
 Shore Capital (Joint Broker)               4090 
---------------------------------------  --------------------- 
 Jerry Keen, Mark Percy, Toby 
  Gibbs 
---------------------------------------  --------------------- 
 
 Optiva Securities Limited 
  (Joint Broker)                           +44 (0)20 3137 1904 
---------------------------------------  --------------------- 
 Jeremy King, Christian Dennis 
---------------------------------------  --------------------- 
 
 St Brides Partners Limited                +44 (0) 20 7236 
  (Public Relations)                        1177 
---------------------------------------  --------------------- 
 Elisabeth Cowell, Lottie Brocklehurst 
---------------------------------------  --------------------- 
 
 FlowComms Limited (Investor               +44 (0) 7891 677 
  Relations)                                441 
---------------------------------------  --------------------- 
 Sasha Sethi 
---------------------------------------  --------------------- 
 

Company Information

Tlou Energy is an AIM and ASX listed company focused on delivering power in Botswana through the development of coal bed methane ('CBM') projects. Botswana has a severe energy shortage and is currently relying on expensive imported power and diesel generation to deliver its requirements. However, as the 100% owners of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling immediate and longer term opportunity using domestic gas to produce power and displace the expensive diesel and import market.

The Company is led by an experienced Board, management and advisory team including individuals with successful track records in the Australian CBM industry.

Since establishment in 2009 the Company has significantly de-risked the project in consideration of its goal to become a significant gas to power producer. The Company has the most advanced CBM project in Botswana and flared its first gas in 2014. It holds 10 Prospecting Licences covering an area of 8,300Km(2) and the Lesedi Project already benefits from significant, independently certified Contingent Gas Resources of 3.2 trillion cubic feet (3C) and independently certified Gas Reserves.

The Company is planning an initial scalable gas-to-power project in Botswana. Following successful implementation of this first scalable project, the Company plans to expand to provide further power to Botswana and the southern African region.

This information is provided by RNS

The company news service from the London Stock Exchange

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