Tlou Energy's History
In 2009, Tlou Energy farmed into licences held by Saber Energy. Saber had been active in Botswana since 2007. In late 2009, Tlou funded and undertook an exploration program in Botswana, drilling numerous CBM wells.
In 2010, Tlou Energy acquired the Saber Energy entities that held the licences via a transaction with Saber’s parent entity, Talon Metals Corp. As a result, Tlou now 100% owns and operates the licences in Botswana.
In 2011, Tlou conducted a pre-feasibility appraisal drilling and testing program at its Lesedi CBM project. This in-part underpinned an independently certified Contingent Gas resource.
Tlou successfully listed on the ASX in 2013 and continued with the appraisal of the Lesedi CBM project. In 2014 the company flared its first gas at the Selemo pilot pod.
In 2015, Tlou received an independent upgrade of its Contingent Gas resource to 3.2 TCF (3C) and undertook an expanded drilling program at its Selemo pilot project. On 30 November 2015, the Company became dual listed following admission to the AIM market of the London Stock Exchange and on 13 December 2017, the company also listed on the Botswana BSE Stock Exchange.
In 2016, Tlou achieved the first CBM gas Reserves in Botswana, a very significant milestone for the Company. In early 2017 Tlou significantly upgraded these Reserves over the Lesedi Project and also booked further Reserves over its Mamba Project in Botswana.