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Brad from what has been said so far I think Hydrogen via pyrolysis is the favoured initial option as we already have gas flaring so a synergen unit can take immediate advantage.
The poles and wires will probably be commenced very soon after the 10MW PPA agreement is signed which also looks to be imminent, however construction will take perhaps 6 -9 months with a fair wind so let's say 12 - 15 months to get the PPA and have everything up and running with the gas to power solution.
Now my point is that during that period they could use a second unit using electrolysis, solar panels and water. One unit can produce 1350 kg of Hydrogen per day and it takes 2.38 gallons of water to produce 1 kg of Hydrogen assuming no wastage. So we could be using in excess of 3213 gallons of water per day assuming one unit utilising electrolysis run alongside another unit running straight off the cbm utilising pyrolysis. This looks good from an ESG standpoint AND takes care of the Lesedi excess water problem. Just my idea but it seems like a pretty neat solution while they wait for the transmission line to be built and if there is even more water to be gotten rid of they just bring in more units.
Syn site indicated they are geared up for modular expansion so it really does not matter to them whether their modules lie in a specific company's territory. I feel confident they are committed to Botswana and why not? In for a penny in for a pound!
TG informed us how much red tape there is in Australia nowadays, hence his his move to Botswana for his hat-trick!
We are all guilty of blaming the Bots Govt for our lack of progress , and they did coq up the RFP but did the politically correct decision to get the paperwork right despite putting both preferred bidders back 18 months!
Since then , I don't believe they had much room to manoeuvre. Kalahari bit off more than they can chew imho, and have ruled themselves out of the hydrogen market in their big scale PPA! Getting to 90+ Mw will take them forever imho. I don't expect them to complete their commitment, and BG don't either! I always thought BG did not want a one horse race where TLOU were free to name their terms!
TLOU are alive and kicking and two obstacles have to be removed before they can prove it big time!
1. Excess water at Lesedi 2. Lockdown
We need the solutions in the reverse order - retrograde steps - but we have 34 months of reserves to see lockdown out! Moron's placing is as fanciful as any of his ideas!
We had a placing to erect poles and wires , and the two obstacles and the emergence of hydrogen no doubt, have changed that priority?
Tlou have not told us why the funds are not being used on poles and wires , but the hydrogen news RNS effectively tells us why? Obstacle 1 has to be overcome whatever we do unless we prioritise Solar which I think was likely?
Hydrogen has interfered with plans to supply Serowe - all completely logical! Logically Solar locally plus Syn plans is the quickest way forwards ...... but that changes all our original plans, and that ignores the possibility of Orapa!
TLOU have many superb options all awaiting a Covid solution, 4 Tutankhamun's tombs waiting to be opened? Before we open any of them, I am expecting one of the huge Oil and Gas giants to try and buy TG out! 600M shares at 50p is only £300m - peanuts for all those mummies!
Yes I did note that MM. I wondered whether it was due to them relinquishing their 21% of the Serowe project in exchange for a stake in the newly floated BotGas company. In such a case it would be Botala that would need to renew any agreement. PH2 do seem to be more focused on their home projects. However, I'm sure you have more information than I do. Either way there seems to be a desire from all the players involved here to follow a very similar path of development and I don't think that's a coincidence. To make my second musical reference of the morning, let's hope the road is not too long and winding. Atb
I find it interesting that we now appear on a course of direct competition in the Botswanan hydrogen race . PH and Syn signed an almost identical term sheet to ours back in April. They are polygamous it seems.
Also it's interesting that not only are Syn looking to have an IPO this year, so are BotGas, their Serowe project JV partner, currently on the second well of their 6 well programme.They all want to raise funds.
An interesting comment from the second announcement:
'Pure Hydrogen and BotsGas are also pleased to confirm that they have executed a Term Sheet to establish the Serowe Hydrogen Hub renewable energy business targeting 50MW power generation. Hydrogen and solar projects and other green energy projects are being considered with the JV drawing on Pure Hydrogen’s established partnerships and operations in the Australian hydrogen sector. The Hydrogen hub contemplated for Botswana is expected to be one of the largest in Africa. Pure Hydrogen will provide Hydrogen support for the Project which will be eligible for several financing programs that apply in country.'
So it seems there will be a proliferation of prototypes winging their way to Botswana. Is this a race? Or, in the words of Ron Mael , is it a case of 'this town ain't big enough for the both of us'? Maybe we'll end up as one big happy family - who knows. However, the comment about qualifying for financing programmes may be a clue to our recent redirection. If nothing else it gives us something to talk about. Gla