Lesedi CBM Project
The Lesedi CBM Project is the most advanced project in Tlou’s portfolio. The Company holds 10 Prospecting Licences covering an area of ~8,300Km2 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. Operations have been ongoing since 2007.
The Company received a detailed Request for Proposal (‘RFP’) from the Ministry of Mineral Resources, Green Technology and Energy Security (‘the Ministry’) in 2017. Tlou is one of two companies selected to bid for the development of up to 100MW of power using CBM in Botswana as an Independent Power Producer. The closing date for this tender is Q3 2017. The RFP requires details of the proposed field development, the installation of power generation facilities and supply of power into the grid in Botswana.