Tlou Energy Ltd Tender Submission Closing Date confirmed (0312L)
14 July 2017 - 12:07AM
UK Regulatory
TIDMTLOU
RNS Number : 0312L
Tlou Energy Ltd
13 July 2017
13 July 2017
Tlou Energy Limited
("Tlou" or "the Company")
Tender Submission Closing Date confirmed
Tlou Energy Limited, the AIM and ASX listed company focused on
delivering power in Botswana and southern Africa through the
development of coal bed methane ("CBM"), has received confirmation
from Botswana's Department of Mines in the Ministry of Mineral
Resources, Green Technology and Energy Security ("the Ministry"),
that the closing date for the receipt of tender offers for the
Ministry's Request for Proposal ("RFP") for the development of up
to 100MW of CBM fuelled pilot power plants has been extended to 23
August 2017.
Request for Proposal for CBM Power Project
Tlou received the RFP from the Government of Botswana for the
development of up to 100MW of power using CBM in January 2017. The
proposal, which will include a power purchase agreement, will
assist in the development of a CBM gas industry in the country and
create a new market for Tlou's independently-certified gas reserves
and significant contingent gas resources of 3.2 trillion cubic feet
(3C). The RFP requires details of the proposed field development,
the installation of power generation facilities and supply of power
into the grid in Botswana.
The RFP originally outlined a closing date on 12 July 2017 which
has now been extended by the Ministry to 23 August 2017 as some of
the supporting documentation to be published by the Ministry has
not yet been released.
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
------------------------------------ ---------------------
Lottie Brocklehurst, Megan
Dennison
------------------------------------ ---------------------
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') gas. 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 expensive diesel and import power 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
END
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