The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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MY1 you have just brightened my day.
I thought you were invested in US Oil and Gas until I clicked it and realised it was United not US (Usop).
You called share_talk mate :O) , no wonder my posts are challenging. Bet you don't get a reply.
Both those shares are looking iffy - 16p for USOP on a weird platform, so lord knows how you trade them.
And UOG at zero - not much better or worse. At least TLOU are alive and kicking for us both.
True My1 , but SXX chat is something else lately. More posts on there in a day that some sites get in a year.
If I'm not going to read them all (I'm not) I need a means of keeping them in proportion.
Took my eye off SXX while concentrating on TLOU - I doubt I'd have sold if I was up to date but there is always a first time.
As usual Brad I have no idea what you're talking about but one thing I will say is to label someone that finds your posts meandering let's say, as well as off topic, as also an untrusted poster would in my opinion be a mistake. I may not like your posts but I've never failed to see the promise of TLOU and have never posted under any pseudonym nor posted maliciously against TLOU like that **** on @dvfn. Don't let emotions cloud your judgements, just as with investing.
I am building the reverse of the filter list!
I want to read posts from trusted posters only - will stop me from boring you all to death!
It was a choice of that, or automate my LSE filter list to add new posters.
That list would be huge on SXX and might cause LSE grief, so am going the other route.
I am working on a project to loop through multiple pages in search of a phrase.
Anybody who has seen SXX/LSE chatroom since Spt 17th will understand the reason.
I am testing on TLOU and this little beauty came up!
I think we are all guilty of thinking TLOU have been attempting to get commercial rates from Lesedi #3 and #4 for much longer than than the reality. Babies that were conceived before this have yet to be born!
We are still in infancy I fancy. Patience! #4 was really quick to produce as much gas as #3.
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12 February 2019
Tlou Energy Limited
("Tlou" or "the Company")
First development pod successfully completed
Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ('CBM'), has successfully completed the drilling of the Lesedi 3 development pod at its CBM project in Botswana.
Highlights
· Lateral wells Lesedi 3A and Lesedi 3B have been successfully completed with both wells intersecting with the vertical well Lesedi 3P to complete the Lesedi 3 development pod.
· Dewatering and gas flow testing at Lesedi 3 will commence following the installation of production equipment.
· The drill rig is being moved to the second planned production pod, Lesedi 4.
Pilot well drilling program
The Company commenced drilling of development wells at its gas field in late 2018. The wells are being drilled as 'dual lateral pods', comprising a single vertical production well intersected by two lateral wells. The lateral wells are being drilled through the gassy coal seam with gas extracted from this coal produced through the vertical production well where it can be gathered and used for power generation. Pod One is designated 'Lesedi 3' and comprises a vertical production well ('Lesedi 3P') and two lateral wells ('Lesedi 3A' & 'Lesedi 3B'). Pod Two is designated 'Lesedi 4',
The Company can confirm that drilling operations at Lesedi 3 have been completed. Lateral well Lesedi 3A was drilled ~1,437m Measured Depth (MD) and Lesedi 3B was drilled ~1,440m MD with both lateral wells successfully intersecting with vertical well Lesedi 3P to complete the dual lateral pod.
Lesedi 3 is now being prepared for installation of production facilities prior to the commencement of de-watering and lowering of the pressure in the coal seam to achieve gas flow.
The drilling rig is being moved to commence drilling of the second planned development pod, Lesedi 4. The Company will provide further updates as the drilling operations progress.
The development drilling program is being conducted in accordance with health and safety requirements and are consistent with the Company's approved environmental impact statement. If results are positive, these wells will form part of the Company's initial gas-to-power project which will include installation of transmission lines and grid connection.