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Tlou Energy Completes First Pod Drilling At Botswana Project

LONDON (Alliance News) - Tlou Energy Ltd said Tuesday it has completed the drilling of the Lesedi ...

Alliance News 12 February, 2019 | 1:49PM
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LONDON (Alliance News) - Tlou Energy Ltd said Tuesday it has completed the drilling of the Lesedi 3 development pod at its coal bed methane project in Botswana.

Tlou started drilling at the gas field in late 2018. The two wells are being drilled as dual lateral pods, with a single vertical production well intersected by two lateral wells.

The two lateral wells are being drilled through a gas coal seam with gas extracted from this coal produced through the vertical production well, where it will be gathered and used in power generation.

Drilling at pod one, Lesedi 3, has now been completed. It is now being prepared for installation of production facilities.

The drilling rig is being moved to being drilling on Lesedi 4.

Shares in Tlou Energy were down 0.8% Tuesday at 6.10 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Tlou Energy Ltd 4.60 GBX 3.37 -
Tlou Energy Ltd 0.09 AUD 0.00 -

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