{"id":13631,"date":"2023-04-30T09:40:11","date_gmt":"2023-04-30T09:40:11","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13631"},"modified":"2023-04-30T09:44:17","modified_gmt":"2023-04-30T09:44:17","slug":"botswana-tlou-energy-provides-quarterly-activities-report-for-q1-2023","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-quarterly-activities-report-for-q1-2023\/","title":{"rendered":"BOTSWANA: Tlou Energy Provides Quarterly Activities Report for Q1 2023"},"content":{"rendered":"\n

Highlights<\/strong><\/p>\n\n\n\n

\u00d8 The 66KV overhead transmission line is steadily progressing<\/strong><\/p>\n\n\n\n

\u00d8 Development of a purpose-built operations facility is continuing<\/strong><\/p>\n\n\n\n

\u00d8 Substation construction scheduled to commence<\/strong><\/p>\n\n\n\n

\u00d8\u00a0Production well drilling underway with Lesedi 6<\/strong><\/p>\n\n\n\n

Activities<\/strong><\/p>\n\n\n\n

Tlou Energy continues to have three key project areas referred to as:<\/p>\n\n\n\n

\u00a7 Lesedi Project<\/strong> – focused on the development of gas to power development as well as exploration and evaluation.<\/p>\n\n\n\n

\u00a7 Mamba Project<\/strong> – focused on exploration and evaluation.<\/p>\n\n\n\n

\u00a7 Boomslang Project<\/strong> – focused on exploration and evaluation.<\/p>\n\n\n\n

Lesedi Project<\/strong><\/p>\n\n\n\n

The Lesedi project is Tlou’s most advanced. It is currently developing a 10MW gas to power project. The Lesedi project area has four Prospecting Licenses (PL) and a Production Licence which is the key focus area for the development of Tlou’s independently certified gas reserves and contingent resources. All licences held under this project area are valid. The table below summarises the status of the licences:<\/p>\n\n\n\n

Licence<\/strong><\/td>Expiry<\/strong><\/td>Status<\/strong><\/td><\/tr>
Production Licence 2017\/18L<\/td>Aug-42<\/td>Current<\/td><\/tr>
PL001\/2004<\/td>Sep-23<\/td>Current<\/td><\/tr>
PL003\/2004<\/td>Sep-23<\/td>Current<\/td><\/tr>
PL035\/2000<\/td>Mar- 25<\/td>Current<\/td><\/tr>
PL037\/2000<\/td>Mar-25<\/td>Current<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

PL renewal applications are submitted three months prior to expiration.<\/em><\/p>\n\n\n\n

Tlou Energy’s initial 10MW Power Purchase Agreement (PPA) is part of a 100MW Request for Proposal for the development of CBM power projects in Botswana. Tlou previously responded to a separate request for proposal for the supply and delivery of natural gas to the Orapa power plant in Botswana. The Company’s proposal was not successful.<\/p>\n\n\n\n

Gas to Power Project<\/strong><\/p>\n\n\n\n

The first electricity to be generated at Lesedi, will go towards satisfying the 10MW PPA with Botswana Power Corporation (BPC) the national power utility. Tlou is among the first independent power producers to secure a power purchase agreement with the utility.<\/p>\n\n\n\n

To this end, the Lesedi project currently has several parts of the development process underway including the construction of transmission lines, substations, a field operations facility and generation site as well as production well drilling.<\/p>\n\n\n\n

Transmission Line Construction<\/strong><\/p>\n\n\n\n

The Lesedi project is approximately 100km from the nearest BPC substation connection in Serowe. In efforts to connect onto the national grid, the Company is undergoing the construction and installation of a 100km 66kV transmission line. This, together with the ongoing drilling program can enable the Company to connect and provide electricity into Botswana’s power network.<\/p>\n\n\n\n

The construction of the 66kV transmission line is being carried out by Zismo Engineering Pty Ltd (Zismo) and is expected to be completed around mid-2023. Zismo is a local engineering procurement construction company that specialises in industrial engineering. Progress to end of March 2023 was estimated at approximately 64%, with planting of wooden poles almost complete, steel pole structures now being erected and over 20km of line stringing complete.<\/p>\n\n\n\n

Substation Construction<\/strong><\/p>\n\n\n\n

Substations are required at either end of the transmission line, one to tie Tlou’s generators to the transmission line at Lesedi and another to integrate the line with the existing BPC substation at Serowe. This work will be led by South African based OptiPower, a division of Murray & Roberts Ltd. The pre-construction and design works have been completed and physical construction of the substations is scheduled to begin very soon with the project anticipated to be completed in early 2024.<\/p>\n\n\n\n

Lesedi Operations Facility<\/strong><\/p>\n\n\n\n

Work has advanced on a purpose-built operations facility for the initial 10MW development and to allow for project expansion thereafter. This project is being undertaken by Tlou through its consultant contractor African Gas Services (AGS).<\/p>\n\n\n\n

Drilling and Gas production<\/strong><\/p>\n\n\n\n

The Lesedi 4 production pod continues to produce gas. A key focus in the coming year is to drill more production wells for the 10MW project.<\/p>\n\n\n\n

Post quarter end, the Company began drilling the Lesedi 6 production pod. Lesedi 6 is planned to be the first of a series of new pods, funds permitting, that the Company will drill as part of the 10MW gas to power project. Lesedi 6 will comprise one vertical production well intersected by two lateral wells drilled horizontally through the target reservoir section for several hundred metres.<\/p>\n\n\n\n

****<\/p>\n\n\n\n

Mamba Project<\/strong><\/p>\n\n\n\n

The Mamba project is in the exploration and evaluation phase with further operations required on the operating licences. It consists of five PL’s covering an area of approximately 4,500 Km2<\/sup>. The Mamba area is situated adjacent to Lesedi. In the event of successful drilling results at Mamba, it is envisioned that this area would be developed as a separate project from Lesedi. The Mamba area provides the Company with flexibility and optionality. <\/p>\n\n\n\n

The status of the Mamba licences is as follows:<\/p>\n\n\n\n

Licence<\/strong><\/td>Expiry<\/strong><\/td>Status<\/strong><\/td><\/tr>
PL 237\/2014<\/td>September 2023<\/td>Current<\/td><\/tr>
PL 238\/2014<\/td>September 2023<\/td>Current<\/td><\/tr>
PL 239\/2014<\/td>September 2023<\/td>Current<\/td><\/tr>
PL 240\/2014<\/td>September 2023<\/td>Current<\/td><\/tr>
PL 241\/2014<\/td>September 2023<\/td>Current<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

PL renewal applications are submitted three months prior to expiration.<\/em><\/p>\n\n\n\n

****<\/p>\n\n\n\n

Boomslang Project<\/strong><\/p>\n\n\n\n

Prospecting Licence, PL011\/2019 designated “Boomslang”, is approximately 1,000 Km2<\/sup> and is situated adjacent to the Company’s existing licences. To date, the Company has not carried out ground operations in the Boomslang area. The status of the Boomslang licence is as follows:<\/p>\n\n\n\n

Licence<\/strong><\/td>Expiry<\/strong><\/td>Status<\/strong><\/td><\/tr>
PL 011\/2019<\/td>June 2024<\/td>Current<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

PL renewal applications are submitted three months prior to expiration.<\/em><\/p>\n\n\n\n

****<\/p>\n\n\n\n

Cash Position<\/strong><\/p>\n\n\n\n

At the end of the quarter the Company had ~A$3.54m cash on hand (unaudited). The aggregate value of payments to related parties and their associates of A$339k for the quarter (shown in item 6.1 of the attached Quarterly Cashflow Report) relates to directors’ salaries and fees (including tax and superannuation payments made on their behalf) and office rent.<\/p>\n\n\n\n

The Company is significantly advanced in relation to raising further capital. In addition, Dr Ian Campbell (Tlou’s largest shareholder) has offered a $2m loan to the Company if required. The exact terms of the loan are being finalised. Subject to any regulatory approval the agreement is expected to be signed in the coming days. Once the agreement is executed the funds will be available to draw down immediately if necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights \u00d8 The 66KV overhead transmission line is steadily progressing \u00d8 Development of a purpose-built operations facility is continuing \u00d8 Substation construction scheduled to commence \u00d8\u00a0Production well drilling underway with Lesedi 6 Activities … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[9188,342,9123,3181,6091],"class_list":["post-13631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-boomslang-project","tag-botswana","tag-lesedi","tag-mamba","tag-tlou-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Botswana-Tlou-Projects.jpg?fit=750%2C465&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3xR","jetpack-related-posts":[{"id":11694,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-operational-report\/","url_meta":{"origin":13631,"position":0},"title":"BOTSWANA: Tlou Energy Provides Operational Report","author":"","date":"January 24, 2022","format":false,"excerpt":"Project Areas The Company has three project areas in\u00a0Botswana: \u00b7\u00a0\u00a0\u00a0\u00a0Lesedi Project\u00a0-\u00a0Gas & Solar Power, Hydrogen production \u00b7\u00a0\u00a0\u00a0\u00a0Mamba Project\u00a0-\u00a0Exploration & Evaluation \u00b7\u00a0\u00a0\u00a0 Boomslang Project\u00a0-\u00a0Exploration & Evaluation Lesedi Project Area,\u00a0Botswana Licences:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Production Licence 2017\/18L,\u00a0Prospecting Licences\u00a0001 & 003\/2004 and 35 & 37\/2000 Ownership:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Tlou Energy Limited\u00a0100%\u00a0 The Lesedi licenses covers an area of approximately\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10132,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tlou-energy-gets-boomslang-project-environmental-approval\/","url_meta":{"origin":13631,"position":1},"title":"BOTSWANA: Tlou Energy Gets Boomslang Project Environmental approval","author":"","date":"March 30, 2021","format":false,"excerpt":"Boomslang Project\u00a0- Environmental Impact Statement (EIS) Approved Botswana's\u00a0Department of Environmental Affairs\u00a0(DEA) has approved the EIS for Tlou's Boomslang project.\u00a0The Boomslang Prospecting Licence PL011\/2019 is located adjacent to the Company's Lesedi power project.\u00a0 All proposed project activities outlined under the EIS have been authorised. These include: \u00b7\u00a0\u00a0\u00a0\u00a0Drilling of core holes and\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13832,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energys-operational-report-for-quarter-ended-30-june-2023\/","url_meta":{"origin":13631,"position":2},"title":"Botswana: Tlou Energy’s Operational Report for Quarter ended 30 June 2023","author":"","date":"July 26, 2023","format":false,"excerpt":"Activities Tlou Energy continues to have three key project areas referred to as the: Lesedi Project\u00a0- focused on gas-to-power development as well as exploration and evaluation. Mamba Project\u00a0- focused on exploration and evaluation. Boomslang Project\u00a0- focused on exploration and evaluation. Lesedi Project The Lesedi project is Tlou's most advanced. At\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/Lesedi-drilling.png?fit=661%2C445&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/Lesedi-drilling.png?fit=661%2C445&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/Lesedi-drilling.png?fit=661%2C445&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12785,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-raises-1-1-million-towards-lesedi-project\/","url_meta":{"origin":13631,"position":3},"title":"BOTSWANA: Tlou Energy Raises \u00a31.1 million Towards Lesedi Project","author":"","date":"November 4, 2022","format":false,"excerpt":"Tlou Energy Limited has announced that it has raised A$2 million (~\u00a31.1 million, ~BWP 16.9 million) pursuant to a placing of 57,142,857 new ordinary shares of no par value.\u00a0 The funds have been raised from a new strategic investor, via an entity controlled by Dr\u00a0Ian Campbell, a high net worth\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12810,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-raises-1-7-million-towards-the-lesedi-project\/","url_meta":{"origin":13631,"position":4},"title":"BOTSWANA: Tlou Energy Raises \u00a31.7 million towards the Lesedi Project","author":"","date":"November 14, 2022","format":false,"excerpt":"Tlou Energy Limited is pleased to announce that it has raised A$3 million (~\u00a31.7 million, ~BWP 25 million) pursuant to a placing of 85,714,286 new ordinary shares of no par value at an issue price of A$0.035 (~\u00a30.02, ~BWP0.30) per share. \u00a0 The funds have again been raised via an\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11021,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-signs-power-purchase-agreement\/","url_meta":{"origin":13631,"position":5},"title":"BOTSWANA: Tlou Energy Signs Power Purchase Agreement","author":"","date":"October 19, 2021","format":false,"excerpt":"Tlou Energy has signed a 10MW Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). Under the terms of the PPA, BPC will purchase up to 10MW of power generated at Tlou's Lesedi power project. The PPA is for an initial five-year term with the 10MW project being the\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13631"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13631\/revisions"}],"predecessor-version":[{"id":13634,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13631\/revisions\/13634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13633"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}