TLOU ENERGY Share Chat (TLOU)

Brad I think Kala data is a start-up company as it has no record of successfully setting up a data centre or any ongoing established centres as far as i can see.

Also i find it interesting that the Chairman writes the open letter about Tlou ..then announces the resignation of Colm a few days later

Pure guess but I imagine GG is liaising with the contractors, as needed ,on site under the authority of Doc?

We presumably have a few employees too with a foreman or manager in charge?

We should know a few names but Tlou is so secretive. Thinking about it, I guess all plc companies are the same, only in TV series do families exist?

Protection from shareholders perhaps who might target innocent faily members if things go wrong.

I cannot help thinking Botala are where Tlou were a decade ago - spouting their ambitions. They provided some gas flow numbers but so did Tlou back in the day.

Colm has shielded us from why he quit .... what has Kala told him? It seems likely it involves a third party , most likely Pilot or Botala in no particular order. BTW are talking liquid gas which was TG's original plan over a decade ago . Does that make the TX line to the grid insignificant?

Looked that up , and they are on the same path as TLOU? Will water at Serowe wells be scarcer than Lesedi?

AI BTE +++

Botala Energy is planning to supply natural gas for local LNG consumption and industrial use, with modular LNG plans currently in progress for its Serowe CBM Project. The company aims to convert prospective resources into sales by securing additional financing and regulatory approvals.

Regarding electricity generation, Botala Energy intends to supply the Botswana Power Corporation and the broader Southern African Power Pool (SAPP) grid. The company targets providing 100 megawatts (MW) of electricity from CBM sources, potentially integrated with solar power at the proposed Leupane Energy Hub to minimize carbon emissions.

AI ---

AI Tlou +++++++

African Gas Services (AGS) is the consultant contractor managing and constructing the field operations and power generation site for Tlou Energy's Lesedi project in Botswana.

Key operational details include:

Contractor Role: AGS is working on behalf of Tlou Energy to manage the construction of the purpose-built operations facility, which supports the initial 10MW development and future expansion.

Substation Construction: The electrical substations required to connect the transmission line to the Botswana Power Corporation grid are being handled by OptiPower, a division of South African-based Murray & Roberts Ltd.

Transmission Line Construction: The 100km transmission line itself is being built by Zismo Engineering Pty Ltd.

AI -------

Botala just announced appointment of new CFO who has energy industry experience. The guy's CV reads very well, if anything assuming his extensive career highlights can be believed he would be a heavyweight finance appointment. And with Colm stepping down, and the comments in Chairman's recent update signaling collaboration - surely a Botala and Tlou relationship could be starting soon.

I would be keen to know who is leading field operations now for Tlou out at Lesedi and Serowe. Anyone know ?

I find it interesting that thre has been no hand over period but with immediate effect ..WHY? They are very thin on the ground both at board and executive level

It seems that colm was dublin based ...so don't think the change in registered offices...is anything to do with him may be the new potential CEO requires this ?

This was only a few months ago ...

https://thevoicebw.com/wp-content/uploads/2025/12/Tlou-860x502.jpg

... when delivery of the generators was announced just before Xmas.

A positive vibe - maybe the only one?

Since then Pilot seems to be more interesting to Kala than TLOU.

AI ignores TLOU in queries about TLOU Pilot and Kala and they suggest reading announcements on the Tlou website.

And he is off ........

Yes Brad - for years you have been saying ........... And the share price is so low it is almost non-existent. Everybody else, including the Chairman, appreciates the total direness of the current situation. And the only clown that thinks there is a plan being played out ....... is ........ ??

PS. The Update and Chairman's letter were their pre-emptive strike to let shareholders know that the square root of feck all squared has been achieved in Q2-2026. Another 3 months of next to nothingness improvement or achievement. Just problems and excuses ad nauseum !

And they dont yet know what the best coal seams are for gas flow rates ..... Played Tony; you da man. Not !!

Why would TLOU want to multiply the gas flows whilst there was nowhere for it to go?

#6 is being flared now , as Donkey has pointed out. But until Jan & Feb of 2025 . we were presumably flaring ALL the gas from #4 and #6?

Why weren't both wells used in the 2025 trial?

Because Tlou expected #4 to be enough for Kala's challenge. And so it was with Kala's offer to fund us.

My assumption is/was that Kala's order for 2 generators meant that wells #4 and #6 were going to be kept separate.

Kala and Tlou would have one well and one generator each, and it goes without saying that Kala would fund the National Grid work.

Tbh , that is still feasible from the available news but Kala are taking their time , too long for most of you!

Phase 1 - https://yourbotswana.com/data-centre-commissioned-lesedi-project-achieves-initial-revenue/

12 March 2026

Tlou Energy Limited (ASX:TOU | BSE:TLOU) (“Tlou” or “the Company”) today announced the successful commissioning of the Kala Data Centre in Botswana, marking a major milestone in the commercialisation of the Company’s Coal Bed Methane (“CBM”) gas resources.

For me , there are 106 days between March 12 and June 26 , a few minutes in TLOU's long history from 2009!

We know Solar needs to be decided , and that could be expensive if both TLOU and Kala get it their way.

And the way forward for CBM expansion/improvement is also up in the air?

Tlou have to plan for all outcomes , including Kala demonstrating their word is their bond , but they have not.

Put yourself in their position - can they trust that TLOU will overcome gas flow holdups during 2026 or even 2027.

The Solar plan is a contingency plan that makes 2026 less significant , buying TLOU time!

But should they fund Solar and CBM now???? It is hardly rocket science that they are unsure.

And Kala insecurity makes it extremely difficult for TLOU to know what to do about funding?

I was 99% sure that Kala were serious partners. That has dropped a bit but I can see that they need to have their confidence in TLOU boosted.

Catch 22 - they can make TLOU look a good bet by funding everything , and without it TLOU's survival is at risk.

A govt loan to complete #6 to Serowe is the answer! And maybe #4 can be "considered" as an addition to the PPA commissioning.

106 days is still a short space of time to make major decisions.

IG started paying interest on unused balances either last year or 2024.

Nice feature imho.

Just seen our beloved Labour Chancellor is eyeing plans to make sych interest taxable - in an ISA!!!!

What difference does it make if you put in a long-term bid for a price and it takes a while to be matched?

I assume the stake is frozen from a cashing out point of view - but attracts interest until settlement is made.

The good news is those sharks who want 5 million TLOU shares @0.2c will lose some of their interest that they are getting currently.

IG is 3% I think so for millions of shares it could be good for higher rate tax-payers. I was pleased that if my deals in AUD were messed up by IG and I was I was left with £2 or so in my balance - I'd get a few coppers for it until I topped it up to 90 AUD in order to spend it!

My County Council pension has been very marginally above my Council Tax monthly payments. But they raised my state pension to £999 per month which reduced my Tax allowance code enough to make Council tax higher than my monthly Council pension. And another pension is taxed at base rate on the lot!!

Taxing pensions that are well below the average wage? And we have never had it so good? I hope the pension funds are not finding ways to avoid passing it back to the treasury because that would rub salt into the wound. I had to choose between my wife getting a reduced pension for 10 years after she outlived me or 5 years only at the full monthly rate. I took the reduced pension option for 10 years and within 2 months she was diagnosed with stage 4 Ovarian cancer.

They get you all ways!

Tlou are flaring gas from L6 - seems they have been doing that for a long time based on what i read. That is just terrible !! Burning methane is just about the worst of all gaseous materials for CO2 emissions - so much for any Sustainability & Environmental concerns. Pish poor form Tlou !!

1km is NOT a major distance to invest in gas gathering systems in a CBM well-field. It absolutely is not !! if Tlou was drilling 5-spot vertical wells, those 5 wells are spaced approx 400m apart. And any meaningful, sizeable and productive CBM well-field elsewhere in the world extends over many kms .... Perhaps as much as 100 Km2 .... For me, that was a particularly weak excuse to offer the market !! Good chance it also is saying or implying that their choice of vertical wells was WRONG !!

He talks about collaboration with others. That can only be Botala or Sekaname; so probably it is Botala given that they are pushing out endless news about drilling a 5-spot and every step-by-step along the way. Sekaname are total gonners apparently; their CEO has apparently lost the plot with life in general. Maybe he never was dialed in to life in the real world in same way as normal reasonable rational people. Who knows. But they have proven to be a major disappointment in the CBM world in Botswana - started in premier position and now ended as also rans, lost cause, anonymous actors, players and influencers ,,,,,,

My short term prediction. Brad will sound negative about things for about the next week. After that, he will rediscover his mojo and start trying to convince all of us that Tlou is on track with its plan. And that TG plan is playing out perfectly. And that Botswana coals are still the best that TG had ever seen - when these announcements very clearly tell us ...... the exact opposite. But of course Brad is not listening !

Winni, I know that because Selemo power reduced the number of barrels by 50k per period, probably per year. Tlou never claimed that diesel was redundant.

Moreover it is unclear when or if Selemo power has ceased to be generated.

Kala need to decide upon the partnership's dependency on Lesedi gas and solar energy for either/both/neither partner before they commit to funding anything. TLOU have clearly said the PPA is their primary target! Kala could be supporting them by leaving them with #6 to do just that.

They'd have funded #6 to the Data Centre I suspect , but are not so willing to to fund our core activity, currently!

My hope is that they drop Solar and battery plans in favour of using CBM for the Data Centre.

If Kala are not going to find $600k to join Lesedi to Serowe over 3 months - they may as well bugger off to Pilot in Australia and take their caravan with them!

2026 is almost half way over, and all we have is what we were flaring before March 2025!!!

Are Kala keeping the SP down so that we cannot raise funds elsewhere?

News of Kala funding TLOU will raise the share price and our appeal to other lenders as long as it keeps rising,

There is still time but not a lot!

I think it was an honest appraisal of where we are currently ... he got a lot of skin in the game too

Brad your assessment of a lot of things has been well off the mark including not needing diesel which they obviously do judging by the recent updsate

I think it was an honest appraisal of where we are currently ... he got a lot of skin in the game too

Brad your assessment of a lot of things has been well off the mark including not needing diesel which they obviously do judging by the recent updsate

Chairman’s letter is very welcome imo. More clarity than we have had for a very long time.

That did not long!

"Coalbed methane (CBM) is easier to extract when a coal seam is adjacent to a sandstone water table because the water pressure in the sandstone helps release methane from the coal. However, this proximity can also increase the risk of water contamination in the gas if the water table is disturbed during extraction."

Kala's commitment to their manifesto from 2025 looks decidedly shaky.

I would have expected them to fund a 1KM pipeline from #6 to the Data Centre feed instantly.

Preferring the gas to be flared shows a total lack of interest in their part.

There is chance that TLOU want #6 to be dedicated to the initial PPA commissioning - but given the funding that the substations require, and the 3 months work that entails , that chance is zero imho.

The possibility of water from the sandstone at the lower seam was interesting.

It takes me back to the problems of #3 with #4 and how the pressures fluctuated in and out of those channels?

They were offset by a short distance (a couple of metres perhaps) which seemed unlikely to be so significant?

I wonder if one of them is linked to the sandstone and its water supply? #4 was preferred to #3 but was #4 the right one.

Each well they have produced improved upon the output from the previous wells which favoured #4?

But did #4 flow faster because it had the link to the sandstone and gas,air and water were not as confined.

I'll have to see if that makes sense.

Dr mentioned years which seems to rule out my hopes that Kala will live up to my expectations.

I should be investing in BUPA if I am going to see my dreams come true for TLOU

Did they just publicly confirm they had slapped a great big For Sale sign on themselves ?

Https://hotcopper.com.au/threads/9213233

https://hotcopper.com.au/threads/9213254

A lot of assessing but not a lot of action

Some have lost faith 8m traded last night it seems

$0.0020

Please ignore the subject heading just catching up with last time I posted .

Looks like this is another AIM ( ex Aim ) loser .

Like NWF , CAI ,WLF among others go back to Australia and go bust ?

Any hope this one is different.

Ripley is more likely to be MM than a Brad alias. Just saying

MFM , please think about you are saying here?

Given the length of most posts I make do you really think I have written 15,000 odd posts?

Check ripley's history and you'll see how many company's he's posted on.

Given the time I spend on TLOU , there must be 72 hours in every day for me to cope.

So you have an alias too Brad. That's a bit hypocritical isn't it? After admonishing donkey for having multiple aliases. Nearly 7,900 posts as Brad Smith and over 7,500 as Ripley94 so you've clearly been posting as both for years. Add that to the fact that you and donkey have often exhibited exactly the same character traits and it really does make me wonder whether you're actually posting as all 3! Not with a dodgy memory but with multiple personalities! Time to come clean 'Brad' how many aliases do you post under on the lse forums? And don't you think it's a tad hypocritical to lambast donkey / bots for having multiple non de plumes when you're doing exactly the same!

My sense is that Colm's hands are totally tied presently. They have got to demonstrate that they can supply consistent gas to generate consistent power to the data centre. This would need to run consistently for a few months probably - so hopefully this is what is going on presently. If this pilot or POC works, then Tlou has a future. If it is plagued with problems, then the noose will continue to tighten.

Let's be optimistic for now. But if it all works - the road to profitability is long and slow.

And today ended on an all time low. Where’s news of earnings from Kala?

As I thought Colm is all bar useless .. He’s been in the top seat for over a year and absolutely nothing has moved forward other than a load of hype surrounding KLA data which now seems to have gone underground .. WHY ?

++++

I'll assume a commercial-scale ground-mounted 5 MW (AC) solar PV system on a site already prepared (permitting/hoopla minimal). Estimated costs vary by region, supply chain, and tariff, but here are reasonable baseline ranges (2024–2026 market conditions assumed):

Capital costs (installed, turnkey)

Low-cost scenario: $800,000 – $1,000,000 per MW → $4.0M – $5.0M total

Typical/median scenario: $1,000,000 – $1,300,000 per MW → $5.0M – $6.5M total

Higher-cost scenario (rural/high-labor/imports/standard trackers): $1,300,000 – $1,700,000 per MW → $6.5M – $8.5M total

Breakdown (typical per-MW percentages)

Modules: ~30–40%

Inverters / electrical balance: ~10–15%

Racking & trackers: ~10–25% (single-axis trackers raise cost)

Civil/site work & mounting: ~10–15%

EPC labor, overhead & profit: ~10–15%

Interconnection, permitting, grid work: ~5–10%

Operation & maintenance (annual)

Fixed O&M: $12,000 – $25,000 per MW-year → $60k – $125k/yr for 5 MW

Performance warranty/insurance and reserve: additional variable

Levelized cost / production (illustrative)

Capacity factor typical 18–30% (fixed tilt lower; trackers higher).

Annual energy (5 MW × 8760 h × capacity factor):

20% → ~8,760 MWh/year

25% → ~10,950 MWh/year

If installed cost $6M and annual production 9,000 MWh, simple capital cost per annual MWh = $667/MWh capital amortized over 1 year (useful for quick comparisons; not LCOE).

Notes and assumptions

Site ready-to-use means minimal grading, access, grid interconnection point available, no major environmental remediation, and typical permitting timelines. If interconnection upgrades are required, add $100k–$1M+ depending on network upgrades.

Using single-axis trackers increases energy yield (8–20% more) but raises upfront cost ($0.1–$0.3M per MW).

Regional labor, import tariffs, shipping, local taxes, and incentives can move numbers substantially.

If you want a tighter estimate, tell me:

Country or state (costs and interconnection vary a lot),

Preferred technology (fixed tilt vs single-axis trackers),

Whether you need storage or greenfield interconnection upgrades.

----

....will there be any progress to report ........ 9 out of 10 will be saying No. Except of course from our eternal optimist.

Seems others on other chat groups are not so impressed by the waffly nonsense posted. ho hum.

From Duck.ai

++++

Tlou has reported the transmission line itself is complete (66 kV, ~100 km) and that it was raising about US$13.3 million to finish the overall Lesedi gas‑to‑power project (substations, switchgear, generation/ancillary works) — those funds were stated as the amount needed to finalise the project and activate the line.

----

Follow up ... meaning of generation above?

++++

Generation refers to the equipment and systems that produce electricity from the fuel (in this case natural gas). Key components and activities include:

Power plant equipment

Gas engines/turbines (prime movers that convert gas energy to mechanical energy)

Generators (couple to engines/turbines to produce electrical power)

Heat recovery / auxiliary boilers (if combined‑cycle or for auxiliary needs)

Balance of plant (BOP)

Fuel handling and metering (gas supply connection, pressure regulation, flow metering)

Cooling systems (cooling towers, heat exchangers)

Lubrication, oil systems, and fuel treatment

Exhaust, emissions control (filters, catalytic systems if required)

Electrical systems on site

Switchgear and transformers (step‑up transformers to grid voltage, protection panels)

Auxiliary power systems (station service transformers, UPS, battery backup)

Power control systems (SCADA, plant control, synchronizing equipment)

Civil, structural, and site works

Foundations, buildings, access roads

Cooling water intake/outfall (if applicable)

Lightning protection and fencing

Protection, control and grid interconnection

Protection relays, breaker installation, earthing

Grid synchronization equipment and controls

Metering and telemetry for the utility

Testing, commissioning and performance guarantees

Factory and site testing, load trials, safety commissioning

Training, handover documentation, spare parts

Operations & maintenance setup

O&M contracts, spare parts inventory, CMMS

Staff recruitment and training

If you want a cost or timeline estimate specific to the Lesedi project, I can assume standard engine‑based plants and produce a ballpark breakdown—confirm that you want a cost estimate and whether to use USD.

----

So extra wells and work on current wells are not included. If dewatering concludes soon , less than $20m USD

needed? New well(s) might push it towards USD30M? And how much of the available power will Kala want nd what is left for the PPA? Solar for TLOU maybe too much to ask for, but Kala must have known approx how much Tlou needed for the poles/wires/CBM energy.

It is a shame you have not upgraded your understanding as to why Tlou is an abject failure of an investment ...... Still, maybe is best you live in total denial on this given how long you have sought to persuade the world otherwise.

Ugraded on Monday to full fibre with Trooli , speed is now 150-162mbs from 16mbs to 26mbs.

I spoke about latency , long waits for sites to load, and that has been happening on several sites.

Yesterday I was notified by a delivery company that Id receive my new TV TODAY, It contained a link which never loaded at all!

I checked AI and used ipconfig /flushdns from 2 - no reboot , no resetting of Trooli hardware!

The link came up instantly! Same with Chess.com and I think AI are smack on the money.

I am becoming very reliant on AI , as will all of us I am sure , I am proud to be associated with it through TLOU.

I was with Plusnet for over 20 years and called them to cancel my contract until November. Of course , I told the guy about the TV screen and the new TV set. He advised me than with Open reach (Plusnet are part of BT) I'd be compensated if they broke my TV!! Trooli insure themselves up to £50k so I might get some help from them! They refund losses on severed contracts costs too. But Plusnet have not charged me anything to cancel mine. So that saves me having to prove that loss.

++++++ AI

Those "waiting for" messages usually mean your browser is struggling to look up the website's address (DNS), your router cache is clogged, or the ISP's connection needs a full power cycle to register the new, higher speeds.Try these highly effective, step-by-step fixes to get your browsing speeds matching your upgrade:

1.

Power Cycle the Network

When you upgrade your bandwidth, the modem and router often need a fresh connection to recognize the new speed profile.Unplug your router and modem from the power socket.Wait 5 to 10 minutes to allow internal caches to completely drain.Plug them back in, let the lights settle, and restart your computer or phone.

2. Flush your Computer's DNS

Outdated DNS caches from your old, slower connection can conflict with new settings, causing pages to stall while the computer looks for the "old" paths.Windows: Press the Windows key, type cmd, right-click Command Prompt, and select Run as Administrator. Type ipconfig /flushdns and press Enter. Then type netsh winsock reset and press Enter. Restart your PC.

Sorry, the reply is so perfect, I have to pass it on!

+++++++++++++++++++++++++++

AI Overview

Yes, cataract treatment can improve your sense of balance. Restoring clear vision and proper depth perception allows your brain to receive accurate spatial information, which helps many patients feel more confident and steady when walking.

Key Factors to Consider

The Vision-Balance Connection:

Your eyes, inner ears, and muscles work together to keep you upright. When cataracts cause blurred vision or impact your depth perception, your brain can struggle to process your environment, leading to a loss of steadiness.

Research and Evidence:

Studies show that patients often experience measurable improvements in postural control and a reduced risk of falls following cataract surgery.

The "Transition" Period:

While many patients see improvements swiftly, your balance may feel a bit "off" immediately after surgery. This is normal; it takes a little time for the brain to adapt to the new visual input, especially if you only have one eye operated on at a time.

Lens Options for Glasses Independence:

SpaMedica’s private packages (Freedom Vision) offer advanced lens options—such as multifocal or extended depth of focus lenses—designed to reduce or eliminate the need for spectacles.Because cataract surgery can temporarily disrupt the way your brain processes visual cues, it is highly recommended to discuss any pre-existing balance or inner-ear conditions with your surgeon beforehand.To explore your options and learn exactly what SpaMedica's packages cover, you can review the ⁠SpaMedica Freedom Vision or read more about the ⁠SpaMedica Cataracts treatment journey.

---------------

At my pre-op yesterday I was able to choose the way forward.

Here is how AI answered my query ..... it is definitely light years on from the old searches.

++++++++++++++++++

These are results for "Spamedica offered me free cataract on NHS requiring spectacles, or Private treatment which could dispense with spectacles. What is the likely price".

AI Overview

Private cataract treatments to dispense with spectacles typically cost between £2,500 and £4,500 per eye in the UK. This premium service requires upgrading to multifocal, trifocal, or Extended Depth of Focus (EDOF) intraocular lenses (IOLs), rather than the standard monofocal lenses included for free on the NHS.

Because standard NHS lenses only correct vision at a single focal point, you would still require spectacles for reading or intermediate distances. To remove your reliance on glasses, private clinics must use advanced technology lenses.

Here is what you can generally expect for private pricing:

Premium Monofocal Lenses (for astigmatism/distance): £2,500 to £3,000 per eye.

Multifocal / Trifocal / EDOF Lenses (for reading and distance): £3,500 to £4,500+ per eye.

Factors Affecting Your Quote

Exact Lens Type: The price difference largely comes down to the specific IOL you and your consultant select.

Clinic Variations: Different private providers or hospital groups (such as SpaMedica's private division, Optegra, or Moorfields Private) set their own bundled prices.

What is Included: Ensure your quote covers your initial consultation, pre-operative measurements, the surgical procedure, follow-up appointments, and post-operative medications.

-----------------------------

Is that not a perfect response? AI understood exactly what I was asking and got it right.

I was thrown by SpaMedica because I thought the NHS option meant Bournemouth General Hospital treatment that Liz endured for a detached retina and which was long-winded because it was inoperable.

I saw 3 technicians in about an hour and had a wait to see the Surgeon , a gorgeous Arab girl.

Of course NHS treatment was what I was already receiving from SpaMedica so once the penny dropped I quickly decided to continue. They plan to do my left eye so I'd still need spectacles for my right eye?

£4k to £8k at my age is hardly worth it - unless there is a chance my balance is improved and I can continue motorcycling. My next question is there , I'll spare you all that.

Tlou are in the perfect position .... I was certain before but AI is far more advanced that we are lead to believe?

Just learned a lesson!

Logged out of LSE and page 1 of chat was accessible!

Click on next page and they immediately ask you to login! I reckon that is my stumbling block on main chat room.

However it is not the same on username search pages - that works , as I found since starting this!

I wanted to build an index of posters , the time of their latest post and page numbers where that post is!

Now I know the way it works I am ready to go!

The index was to save loading pages that are empty after filtering them.

LSE precautions prevent that. It is only exercising my brain to stave off dementia but I never give up!

It is both a strength and a weakness - I suspect Elon Musk is similar but he has Aspergers to blame it on.

Fundamental Bots ....

++++++++++

AI Overview

Yes. For future exploration, reserve certification, and project expansion, Tlou Energy relies on independent consultants [Competent Persons] to assess and verify their coalbed methane (CBM) gas reserves and resources.

Consultants are fundamentally required for these tasks for several reasons:

• Reserve Certification: The company's gas reserve and resource estimates are determined by independent third parties—such as SRK Consulting —in accordance with international guidelines (e.g., Petroleum Resource Management System). [1]

• De-risking Exploration: When Tlou expands its exploration efforts (such as the 250-square-kilometre seismic surveys on its Lesedi and Mamba projects), geological consultants are brought in to interpret data, de-risk the project, and define drillable prospects.

• Corporate Governance: As a publicly listed junior explorer on ASX and the Botswana Stock Exchange (BSE), the company uses independent experts to provide objective reports that prevent conflicts of interest and satisfy investor requirements.

-------------

And Colm or Doc mentioned it in relation to dewatering in one or other of their missives.

'There is a review and further investigations to come from the consultants' - really? How do you know this?

Not given up ..but a little disappointed they have come clean about what's going on

Good to see you are not giving up on Tlou completely Winni.

You still know these pages exist.

End of Q2 2026 is often quoted in our few tit bits from Tlou , and that is getting closer.

It won't surprise you that I'm undaunted by what I consider to be vital planning.

We know that Tlou ran out of working capital and stalled on the Consultation, and other hands on operations.

There is a review and further investigations to come from the consultants.

IMHO , the critical plan is how to drill new wells so they mutually benefit each other's dewatering.

Too close (#3 and #4), or too far apart (Selemo and Lesedi) both produce problems.

I am hopeful that experiences from #4 , #6 , back to #4 with lessons learned at #6 , means they understand how to complement dewatering for Lesedi plots.

Kala must decide how much money and effort they should put into Solar. 1MW for starters seems sensible, to expand the CBM, proof of concept, Data Centre for proof that Solar also has a future. Whether TLOU should go the Solar route too , with 5MW is not clear. Yes if dewatering issues drag on for years; No if Lesedi dries out quicker than Solar takes to install. Abandoning Solar in favour of CBM would waste the investment in time and money , both of which should have been ploughed into CBM with the benefit of hindsight.

I hope that Kala are funding the consultants , so they can decide on Solar soon. CBM is not half as disruptive as Solar going forward. But gas flows need to be worthwhile at that stage onwards.

Best to get it right for the sake of a month or two.

Seems like nothing is happening still Brad........

Well done as always for entertaining us.

Could you please help me understand what you mean by - "....for certain, imho"......

It's not that it confused me particularly; rather do you realise the humour in what you posted ......

======= Bots Doom and Gloom =============================

Looking at Bots latest gloom and doom report , prompted me to find how long CBM providers take to get into production.

It is a new industry, just about old enough to drink! And AI confirmed that horizontal wells are good. And Queensland is significant?

+++++++++ AI Fastest

The fastest path to commercial production from a virgin Coal Bed Methane (CBM) site is heavily dependent on the reservoir's natural permeability, the availability of pre-existing pipeline infrastructure, and government licensing processes.Globally, the regions with the fastest drilling-to-production turnaround times include:

Queensland, Australia: The Bowen and Surat basins feature highly permeable coals. Because they have established gathering systems, production wells can be dewatered and brought into commercial flow in a matter of months.

Ordos and Qinshui Basins, China: These basins hold highly gassy, high-rank coals. With extensive government fast-tracking and technological drilling advances (such as large-scale cluster and horizontal drilling), deep CBM developments have scaled to high-capacity production very rapidly.

Serowe CBM Project, Botswana: Botala Energy’s Serowe CBM project is advancing swiftly as a primary target for fast-track development due to strong regional gas shortages, favorable reservoir depths (starting around 350-450m), and off-take agreements already in place.

For more mature CBM markets (like the US or Australia), existing infrastructure makes new well tie-ins the fastest route to output, whereas emerging markets rely more on pilot flow testing and government licensing.

++++++++++++ Tony Gilby

Tony Gilby’s Australian coal bed methane (commonly known as coal seam gas, or CSG, in Australia) sites were primarily located in the state of Queensland.

As the managing director and co-founder of Sunshine Gas, his projects focused on exploring and developing significant CSG holdings in this region:

The Bowen Basin & Surat Basin: His company targeted major tenements within these renowned energy basins in Queensland.

The Lacerta Project: One of his key flagship projects was the Lacerta CSG field located in Queensland.

Gladstone Infrastructure: He spearheaded initial plans to build a multi-million dollar liquefied natural gas (LNG) processing plant at Gladstone, Queensland, to commercialise the extracted gas.

Note: While Gilby built his early career success in Australia, his subsequent coal bed methane ventures as the Managing Director of Tlou Energy shifted focus internationally to the Central District of Botswana.

+++++++++++++++ Appraisal of the above

TG knows what he is doing. Look at the throw away remark "production wells can be dewatered and brought into commercial flow in a matter of months." Tlou proved it at Selemo , the lock gates at Lesedi could open at any time soon , and Lesedi will get there first in Botswana for certain, imho.

Fast broadband coming on Monday , 2 months later than expected. They needed to licence the use of live electricity poles to route the cables overground. Underground would be a major bit of engineering.

Trooli provides independent full-fibre broadband across Dorset, offering symmetrical download and upload speeds ranging from 150Mbps up to 2Gbps. Because they use Fiber-to-the-Premises (FTTP), your upload speeds are guaranteed to be as fast as your download speeds. And it is cheaper than my copper and fibre service which is 26 mbs at best. Dead chuffed - in time for the World Cup too!

Trooli provides independent full-fibre broadband across Dorset, offering symmetrical download and upload speeds ranging from 150Mbps up to 2Gbps. Because they use Fiber-to-the-Premises (FTTP), your upload speeds are guaranteed to be as fast as your download speeds.

For the word Brad

109 hits. This one looked unlikely to be right? but is.

"PageItem When What Who Where Page

1 1 Jun 2026 10:42 Well, last week President Boko and President Ramaposa of SA signed 4 cooperation agreements. One of which was an energy cooperation agreement saying broadly .... Another nail in the coffin. Looks like the best coals ever seen could not grab their market opportunity. Looks like a lot of things really - and I dont see any of them particularly good. When you gonna admit it Brad ....Botswana and South Africa sign energy cooperation agreement Botswana and South Africa have signed a new energy cooperation agreement aimed at enhancing regional energy security and economic resilience. This agreement marks a shift from costly emergency power purchases to a more stable and economically sustainable arrangement. It is expected to ease Botswana's power supply challenges by enabling predictable, long-term electricity imports from South Africa. The agreement aligns with both nations' goals of enhancing regional energy security and economic resilience, and it is expected to support long-term energy security, infrastructure planning, and potential joint initiatives to stabilize power supply in the Southern African region. BOTS_PROJECTS TLOU.L 1"

Suddenly, because it suits him today , South Africa are wonderful, Eskom owing money left, right and centre are now going to reverse their history?

Tlou are approaching the Mall in their marathon , and Bots is betting on them not finishing the race.

And he thinks I am stupid. It only needs Kala to finance the completion of TX lines and dewatering of Lesedi over the rest of 2026 , and if the Selemo success is repeated after years of failed attempts at both Selemo and Lesedi , the summer could see us completing our jigsaw.

The gas is there , we just have to release it! We want it, Kala want it, BPC want it. There is a well ,we have the will, Kala has the money (I hope) ..... the way awaits us!

A 40 year project for Kala from CBM , and indefinite Solar power to come after that?

Kala know a bargain when they see it.

Trooli broadband called me today to say permission for the lamp posts to carry my fibre lines has been granted, so I'm feeling good for once. Cataract pre-op tomorrow may take up to 3 hours. Dreading that but a new lens might cut out some of my typo errors. And shopping will be easier if I can read the labels.

Your toilet at home is big enough. After all, it managed to deal with all the trash talk you uttered for past 7 years on Tlou..... So capacity isnt a problem.

It needs to be able to take the following ....

1. Trillions of cu ft of CBM stored in coal in much larger volumes

2. Drilling equipment

3. A couple of huge substations 95% complete and needing a few weeks work.

4. 100 Km of poles and wires and broadband fibre.

5. A Data Centre

6. Various buildings and equipment

i.e. A jigsaw puzzle of thousands of pieces , needing a dozen or two placings to be complete.

Demolition of a 95% complete jigsaw sounds crazy!

Tlou just need the funds to finish the TX lines! Since Xmas the Data Centre is open and ready for expansion.

There are several options ....

1. Stick with the original idea of flowing CBM however long it takes for both our customers.

2. Intervene at the Data Centre by bringing in Solar energy with more predictable costs and times , compared to CBM which could save or lose both time and costs. The amount of CBM or Solar is boundless.

3. The decision for the PPA supply is the same but there is a limit of 25 Mw before more poles/wires are required.

It doesn't seem to matter how the power is split. But unless Solar running costs are less than CBM , CBM has the edge. Less kit, to buy, replace and dispose of whilst providing 24/7 power irrespective of daylight hours and weather.

I hope this the conclusion by Kala in the long term plans. Short to medium term is a guess? Depends on dewatering which needs fully funding to get it out of the ground.

This project is too advanced to capitulate now. Figures on what the flows did when we threw the toilet at dewatering in 2025 were enough for Kala to go live. I find it hard to believe the excess is going to be massive or they'd have published the numbers. But did the funds run out and stop the progress that full funding will produce when we add the kitchen sink too? Q2 of 2026 looms .... fingers crossed news is imminent.

Phew! My screen recorder was set to take a snapshot every second or two with screen preview ON!

Total nightmare on whole window because preview is identical read only version of the LSE page!

Could not stop it!! So I put Wifi into flight mode to stop refreshes and got it back!

Evidently Google Drive does not need Wifi because I created the video and uploaded it. Power Query must have been using cached data I guess.

I posted my previous post and after several minutes remembered Wifi was interrupted!!!

I guess Google drive will catch up with my 35Mb video in time. Who says computing is boring?

I have my new search engine working - it has two Power Query modules -

1. Load one page of 25 Posts for a username subject to two filters which can be "" for no filter!

prefix - one letter or more- for TLOU enter "T","TL" up to "TLOU.L" depending how many epics it finds

within - one string which will need that string to be in the text message to be selected.

2. userform controls #1

username

number of pages to search

page number to start searching from

prefix to be carried forward into #1

within ditto

It looks a bit silly in this application because Power Query creates a quick snapshot of 1000 records - loads of posts! Plenty for my purposes.

It is used as a Tlou sub-project - a proof of concept - in case there are anomalies in the data that need sorting.

If ok - an empty table from unmatched username, page nos requested, or filters most likely errors - then it repeats the query and stores the full data in the worksheet.

You can see Bots refers to MM in a ZIOC chatroom , and MinorMiner appears to be exclusively active on that stock.

If anyone wants to find a post from a definite poster I'll try to find it for you.

Has to be on LSE of course but not necessarily on TLOU.

With dates the primary key I may add Date searching if I feel like it one of these months.

It is easier to control than page numbers which wildly vary from user to user.

There is a brief extract of each posted message but selecting a post shows the whole content in a scrolled cell above the summary. Perfect for my eyes which find small print difficult to read.

https://drive.google.com/file/d/1C6sflzJgwPOcEDkszWiFBjgXHe5g9wKR/view?usp=sharing

Spot on Winni. I am never going to get tired of rubbing the nose's of the scam artists that preached back in 2017-19 how Tlou was going to take over the energy world in southern africa. How the coals in botswana were the best TG had ever seen. How connection to the grid was the Holy Grail. How GG was the man to make things happen within Govt circles. How Tlou were the first to do this and that and the other - when they were not. And most of all how idiots like you believed all the hype and BS.

Just in case you forgot - I was warning you back then against this. And blow me over - who do you think was right back then? And is right all through covid? And continues to be right still? I know it will make you choke probably admitting this - but go on, give it a go ,,,,,,, You will feel better once you spit it out through your gritted teeth.

kisses.

Neither of them produce enough power to satisfy thier own markets SA still operates load shedding same as it has for decades.. as does Botswana . They both talk about producing more power .. through various schemes but nothing ever seems to come to fruition. .. But I know it makes BOT’s happy that Tlou are failing to get the project over the line so happy days for him .. as strange as that may seem

Good ... I am a power query fan again (for a few minutes).

When What Who Where Page

31 May 2026 23:05 Cheers BradSmith TLOU.L 1

Cheers

Well, last week President Boko and President Ramaposa of SA signed 4 cooperation agreements. One of which was an energy cooperation agreement saying broadly .... Another nail in the coffin. Looks like the best coals ever seen could not grab their market opportunity. Looks like a lot of things really - and I dont see any of them particularly good. When you gonna admit it Brad ....

Botswana and South Africa sign energy cooperation agreement

Botswana and South Africa have signed a new energy cooperation agreement aimed at enhancing regional energy security and economic resilience. This agreement marks a shift from costly emergency power purchases to a more stable and economically sustainable arrangement. It is expected to ease Botswana's power supply challenges by enabling predictable, long-term electricity imports from South Africa. The agreement aligns with both nations' goals of enhancing regional energy security and economic resilience, and it is expected to support long-term energy security, infrastructure planning, and potential joint initiatives to stabilize power supply in the Southern African region.

The solution to the intermittent errors is simple ,and should have dawned on me immediately!

The fact is you have to be logged in to reply to posts!! So the formats of what is received, logged in or not is going to be different (reply option and recommend for starters) . So my downloads are compatible with my code in one format but not the other! I don't log in using Excel so it is synch until I restart my browser and it automatically loads LSE site as my homepage. Excel is read only and filters loads of scripts and html so I probably have little chance to spot what is making the difference. I don't need to know! But from now on I need to View Page Source from the browser when I am not logged in and it should be consistent.

What a clown it just dawned on me that I am logged on as bradsmith on a different email to my current email address. I remember choosing anonymous login once - that might have bypassed the anomaly for the several days it was all working??? Maybe!

Is that the cat-who-chewed-your-new-shoes comes to mind?

Your so right! Winni was nee Winnie Hardy and Nelson wanted a final kiss from her - I remember it well now 😁

Think you’ll find that was Imelda Marcos she was the Filipino president back in the day?. I was married to the late the great Nelson …

I am getting intermittent access failures on LSE when I download a username's history. I think it may depend when I logged out and logged back in because it hapens seemlessly and I don't understand how I have logged in half the time. Google, Microsoft, Mozilla, AVG and Facebook are involved in all sorts. I get password requests and cannot tell who is asking me for which one? And then there is the Iphone passcodes and facial recognition which I like for banking! It is comforting to know that my phone and photo are needed on top of passwords on the laptop.

But I am logging in to allsorts using facebook facials if I forget passwords which is helpful at times but undermines the password requirement and need to remember them.

The result of this is I see Winni's posts often , and he seems happier with Tlou's directors than he does with his other pastures! TG always wanted a Green company so hardly a surprise there 😜

Had my first appt at the Cataract hospital yesterday. Drove there to be told it was a 3 hour pre-op exercise and I was not allowed to drive. So we have rescheduled it for next Friday. They'll be squirting stuff into my eye I think.

Power query takes my mind off such things. It is brilliant when it works but so easy to upset. And finding the reason for the failure is so tricky. I am going to use the fact that LSE shows posts in reverse time sequence for filtered epic names until I reach the required number of posts for that user or no more pages are available.

My account is useless, everything for years has been TLOU so the first x posts will all be collated.

The prototype was impressive , just show all epics from a chosen number of pages . The dates on Thornback's history are of little interest and ripley has so many epics on the go that I end up with no TLOU posts from his pages and that produces an error when there is no record to add the page number to!!!

Winni was famous for her collection of shoes but I could not find anything on the count. So the title is off topic.

Still beavering away at Power Query which needs a new mentality it seems.

I have finally got what I want in terms of the pages I need to load.

I locate Posters as WHO , Post Date as WHEN , the Chatroom as WHERE , and then the thorny bit , which Page numbers do I want for each combination of each. My mistake was splitting them into individual functions for each search. I had a brainwave last night when I could not sleep! I fell in the lounge on my way to get some food (probably lack of food was behind the fall) and landed on my right ribs. I need to lean to the right to drain my leg catheter bag into the night bag but my ribs were too sore to get comfortable.

Was lucky because my specs took a bashing and one side of them was bent far too wide to grip behind my ears. I used a pair of small pliers to bend the arm back towards the normal position. And expected it to break - but it was oK!!! I have no appetite so I had a bowl of fruit and Fibre and a pint of ale prior to the fall.

My balance is hopeless and I think my motor bike days are over for me. I need some food supplies so I'll be using the car later. On Friday I visit the medical centre for the first time so I am hoping the first cataract operation is pending. I cannot read the Iphone pages and my laptop discharged to zero yesterday!

I dropped the laptop and it landed on the charging port , breaking the jack plug in half! I used the type C port and it was fine until it went flat. Trial and error shows that I need a blue led to be lit on the charger for it to charge. So the port must be be bent, making it possible to lose connection. Sent off for a type B charger which will hopefully connect 100%. But at least I know how to charge the battery.

The blue led is on an adaptor from C-type USB to Type B (the jack plug that snapped).

Thought it was a waste of money but it is working fine now.

Time to get up and to the supermarket before the weather warms up.

Done it in Powe Query after all.

Set the column to data type text.

Replaced Today wuth 18 May 2026

Set column to data type datetime and voila!

Hard coded the date today but making it a variable set to the system date seems trivial until I try it.

Ready to mess with charts now dates are sorted out. Expected to be at this point within a hour several day ago. But I refuse to be beaten.

LSE flag current posts with the wird TODAY rather than the date.

Not very meaningful in date chart! I spent all morning trying tochangee Today into 18th May 2026 whilst keeping the time of that day!

Just searched for a video of how to do it, and power query cannot do it!!!!!

you have to create the floating point date and revert to the EXCEL Format Cell to get the Custom format.

The most helpful tips are these little off-topic gems. Chandeep had one or two, too.

Https://bengribaudo.com/blog/2017/11/17/4107/power-query-m-primer-part1-introduction-simple-expressions-let

Still struggling to get round mysterious quirks with no explanation of what is going on.

I assumed "let" and "in" were mandatory commands in home-made functions - not a bit of it!

Ben seems to understand what the isolated newbie experience is like.

I am Liz's mathematician , how many days have I wasted on this?

I read that Power Query does not allow you to create a clickable link , and to do it using Power Query BI app!

I have wasted days and could not get it working on BI either.

Today I found a video that is unrelated to Power Query , but creates the clickable link!

A 4 year old who is not from Donnie would have thought of this first , and AI should have said do it with an Excel formula , not Power Query!

The guy in the video almost says Select the column of URLS and run this macro (having cut and pasted it into a Module/Macro file .

It works , even for year 2010 which is Apache not HTML , viewing with Firefox!

So now I need to do another 5 minutes work to be able to use the viewable content!

See you in a month .... it seems funny but I imagine the cycle I'd be in to produce this post on contractor rates!

Sub MakeSelectedHyperlinksHot()

dim cell

For Each Cell In Selection

ActiveSheet.Hyperlinks.Add Anchor:=Cell, Address:=Cell.Value, TextToDisplay:=Cell.Value

Next Cell

End Sub

I'll jazz it up to change e.g. "https://tlouenergy.com/wp-content/uploads/2022/04/2010-TE-Annual-Report.pdf" into "Year 2010" using TextToDisplay.

Winni will no doubt see that those wasted days were because my brain was in Donkey mode instead of challenging the switch to BI which I never needed at all! BI is the Calor gas equivalent of Tlou today.

Unlike Donkey , I will now uninstall BI and its followers. Power Query and Excel is the partnership I need.

When Post Who Where 26 May 2026 09:54

Describes what has been , and will be the case forever!

Botswana was partly elected because they had dual fuel capability but had no gas available to swap over to.

Diesel prices went through the roof to emphasis the importance of getting to the gas!

Every man and his dog knew that , and it was pretty obvious when diesel costs reached $40 from $30 per unit of electricity , whatever that is , that it made sense for BPC to finance TLOU's funding in their own best interest because Tony looking to beat the Australian price of $10 to $12 , as a return , whilst also beating the diesel price of $40 per unit.

But TG did not offer them any brown paper sacks or whatever the powers that be needed to fund us! And we all know that everything conspired against TLOU getting into production.

BUT since March 2025, all systems are go!! Funding is sorted , Kala are getting gas at the world's lowest price , by funding TLOU. I think $1.8 per unit was what they estimated their cost per unit to be?

TLOU maybe hoped for 10 times from BPC , $18 is certainly way below both $30 and $40 or more, and is higher that $10 or $12!!! That Aussie estimate has probably risen over the years , but there is room to manoeuvre whatever the present day rates are!!

$1.8 is probably less volatile , so any price rise will probably boost Kala profits because they can charge more!

Increase profits raises TLOU's repayment rate plus Cash in hand, whether that is 25% or 100% of their share.

Kala's agreement is flawless - they merely need to reach their goal in the AI industry, and likewise for TLOU , and both will prosper!

As for BPC , subsidising the cost of energy for the populace of Botswana looks inevitable. But once TLOU are funded with no repayment concerns , BPC can look forward to the new partner in CBM production and use!

Why nobody agrees with me is totally beyond my comprehension - we have a mutual bond with Kala - they are getting fuel cheaper than the Botswanan people are paying - how can they turn their back on Tlou? And TLOU have all th worries of the world taken off their backs!!

Two companies trying to achieve what they set out to do is the price they are paying!!

Deep joy!!!!! It seems too good to be true but the logic behind it makes it totally believable!

And if Kala and TLou both do a good job , BPC has a wonderful partner in crime ..... fully funded , competitively priced , and has not cost them anything but the time all 3 have lost over the years!

It truly is a fairy story and all we need now is the plan between the partners regarding Solar and CBM priorities.

The poisoned apple is what you lot believe - that Kala are insincere and will not find the money for Tlou to complete their calling. OR trillons of cu ft of gas are destined to stay locked away forever in the wicked witch's cellar.

When Post Who Where

25 May 2026 20:21 Brilliant. The guru that is Saint Tony is still trying to prove a CBM pilot in Botswana after 14 years of focusing Tlou on Botswana. Magic. Fantastic. What a leader. We are lucky to have had him. And now we have Brad to continue his legacy ..... What an utter poop show !!!!! Would the company just flush down the toilette and put us all out of our misery. BOTS_PROJECTS TLOU.L

20 May 2026 16:21 And how long will the debt take to clear?Longer than any of our lifetimes !! BOTS_PROJECTS TLOU.L

Will someone put him out of his misery please?

All these years wasted upon him , he does not even know TG has stood down?

And why not? He has secured funding for TLOU , Doc is in the chair and will be a very able deputy for TG.

After 14 years TG leaves TLOU fully funded and debts from that funding sorted out for as many years as it takes Kala to clear them on our behalf. Interest free, the period is of little consequence to TLOU, and Kala seem confident that Data Centre profits are going to be high enough to secure the debt and the supply of more gas as Lesedi, Boomslang and Mambo deliver greater gas flows.

It seems unlikely that TLOU will not share new gas flows with both partners irrespective of the hedging agreement. It is in their interest for all 3 parties to be as profitable as possible. The TX line is automatically going to filtered at the 25MW capacity. So should BPC be more profitable at that stage , income from the Data Centre will be welcome while the next TX lines are commissioned? And if BPC is less profitable , as seems likely if AI lives up to its potential , then the partnership will be paying off very well indeed.

Bots , TLOU cannot use extra gas flows until Serowe is connected or Kala introduce more generators when it that going to penetrate your thick skull?

As you can see Power Query ignores the filter , and today's post has been dated as the 25th for me!

I decided to show the posts and we are the only two posting lately!

Brilliant. The guru that is Saint Tony is still trying to prove a CBM pilot in Botswana after 14 years of focusing Tlou on Botswana. Magic. Fantastic. What a leader. We are lucky to have had him. And now we have Brad to continue his legacy .....

What an utter poop show !!!!! Would the company just flush down the toilette and put us all out of our misery.

Https://www.listcorp.com/asx/pgy/pilot-energy-limited/news/pilot-and-amp-kala-data-form-data-centre-jv-at-arrowsmith-3260261.html

====================

About Kala Data

Kala Data is a funded, private UAE-based technology company specialising in the monetisation of energy assets through high-performance computing. The Kala leadership team brings expertise in technology, finance, and geology, allowing us to identify strategic partnership opportunities with energy companies. With strong financial backing and advanced technology, Kala assists in early-stage revenue generation and helps diversify income streams beyond traditional downstream pathways. Alongside the development and operation of data centres, Kala is focused on integrating renewable energy solutions with traditional baseload power to further reduce energy costs and enhance sustainability. By leveraging synergistic energy strategies, Kala aims to maximize efficiency and create long-term value for our partners. Kala is continuously seeking partnerships with energy producers to develop and operate cutting-edge computational infrastructure, driving innovation at the intersection of energy and technology.

===========================

Does that version of Kala Data sound familiar? It does to me.

The Botswana Power Corporation (BPC) has warned Parliament that it cannot remain financially sustainable under the current electricity pricing regime, arguing that tariffs approved by regulators continue to fall far below the actual cost of supplying power. Appearing before the Parliamentary Standing Committee on Statutory Bodies and State Enterprises, BPC CEO, David Kgoboko said the national power utility was facing mounting financial pressure as it continued to sell electricity at prices that do not fully recover the costs of generation, transmission and distribution.

He told legislators that the situation was particularly challenging because Botswana increasingly relied on imported electricity purchased at commercial rates from neighbouring countries while domestic tariffs remained amongst the lowest in the region. “The price at which BPC sells electricity to customers is heavily subsidised and does not cover the cost of generating, transmitting and distributing power,” Kgoboko said.

BPC currently imports electricity from South Africa, Namibia, Mozambique and Zambia to supplement domestic generation. According to the CEO, the utility purchases power at prevailing market rates but is unable to recover those costs from consumers under the existing tariff structure. “If we continue importing electricity under the current tariff structure, we face either deeper losses or more load rationing,” he warned. The remarks come months after BPC applied to the Botswana Energy Regulatory Authority (BERA) for an average tariff increase of 46%, one of the most significant adjustments sought by the Corporation in recent years.

The increase in import costs has emerged as one of the biggest pressures on the utility’s finances. For years, Botswana has sought to reduce dependence on imported electricity through investments in domestic generation capacity, particularly at Morupule B. While plant performance has improved considerably compared to earlier years when technical failures led to widespread power shortages, the country still relies on imported electricity to meet demand. Those imports have become increasingly expensive as electricity prices across the region have risen.

Kgoboko revealed that BPC secured P1.7 billion in external funding during 2024 to settle a backlog of obligations owed to creditors. While the financing provided temporary relief, he said structural challenges had resulted in liabilities building up once again. Creditor balances currently stand at approximately P3.5 billion.

And how long will the debt take to clear?

Longer than any of our lifetimes !!

Colm's upbeat RNS 23/4/26

Highlights

First monetisation of Lesedi gas achieved, marking a major milestone

Data Centre commissioned and operational, generating initial revenue from CBM gas

Integrated gas-to-power strategy validated through successful operations

Advancement of solar and hybrid energy strategy

------------------------------------------------------------------------------------------

Funding initiatives progressing, with expanded loan facility in place

------------------------------------------------------------------------------------------

Upbeat compared to year end funding, warnings galore?

It suggests that Kala are at least in discussion with Tlou.

And I am yet to see anything to the contrary.

Kala are the driving force here - Tlou are at their beck and call but the rewards for both are mutually inclusive - each relies upon the other to be proactive!

So one account covering everything appears to be the plan.

It remains to be seen which items will be shouldered by Kala , and which by Tlou.

A rule of thumb , could be , anything that Tlou spends to increases Kala's profits is billable and to be repaid.

Everything Tlou spends to improve PPA income definitely will.

That leaves e.g. maintenance of site costs which benefits both companies but neither's direct profits?

Proportionally these may be 50-50 for starters but move in either direction?

So Tlou will owe Kala for all Solar costs , the 1MW and 5MW if adopted, but will prosper from Kala and BPC individually. It will be interesting to see how Tlou's income compares with the outstanding debt?

And how long the debt will take to clear?

================== AI ===================

An expanded loan facility refers to an increase in the maximum borrowing limit (the "total facility amount") within an existing corporate credit agreement. It allows borrowers to access additional liquidity without having to renegotiate an entirely new loan agreement, saving time and administrative fees.

PQ

He argued that the challenges facing the corporation are no longer purely operational in nature, but structural, requiring broader policy reform and regulatory intervention. In particular, BPC is advocating for a more market-responsive tariff framework that reflects the true cost of supply.

A further complication, according to the utility, lies in the National Electrification Fund (NEF) arrangements, under which BPC collects and remits levies on behalf of government to support rural electrification under the National Electrification Scheme Connection (NESC).

TIMING MISMATCH

“The levy is recognized on sales irrespective of actual cash collections, creating a timing mismatch between revenue recognition and cash inflows. The requirement for the BPC to fund customer connections upfront and recover costs at a later stage further complicates internal cash flow constraints,” Kgoboko added.

He further revealed that electricity imports currently account for 50 percent of BPC’s liabilities. Kgoboko stressed the depth of the financial imbalance, saying: “Electricity tariffs covered only 55-60 percent of the cost of supply of electricity, resulting in a structural deficit where each unit of electricity sold generated a loss. Every unit that we sell generates a loss.”

While the corporation has previously benefited from external financial support amounting to P1.72 billion to reduce accumulated liabilities, Kgoboko cautioned that the relief was temporary. He said recurring expenditure pressures and unresolved structural inefficiencies have led to a renewed accumulation of debt, pushing total creditor obligations back up to P3.5 billion.

The Botswana Power Corporation (BPC) has appealed to the government for urgent tariff adjustments, warning that persistent net losses, tightening liquidity and mounting cash flow constraints have left the utility with a creditor’s balance of P3.5 billion. Appearing before the Parliamentary Standing Committee on Statutory Bodies and State Enterprises, BPC Chief Executive Officer David Kgoboko said the corporation’s financial position remains under severe pressure despite notable progress in local electricity generation capacity over the past five years.

INCREASED DOMESTIC OUTPUT

Kgoboko noted that domestic generation has increased significantly from 30 percent to 60 percent, a development that was expected to ease import dependence and improve financial performance. However, he said the benefits have been offset by tariff structures that have failed to keep pace with rising operational and procurement costs, particularly electricity imports. Kgoboko highlighted that the cost of imported power has escalated sharply, rising from 85 thebe per kilowatt five years ago to P2.68 per kilowatt at present, placing additional strain on the utility’s cost recovery model.

According to the CEO, BPC has consistently engaged the Botswana Energy Regulatory Authority (BERA) through annual tariff adjustment submissions aimed at introducing gradual increases to avoid sharp price shocks to consumers and inflationary pressure on the economy. However, progress has been limited, Kgoboko stated: “Despite those efforts, only a three (3) percent tariff increase was approved in 2021 after which the selling tariff remained unchanged for three consecutive years. The lack of timely tariff adjustment has resulted in a build up of unrecovered cost.”

And now trying to justify that 1.3 billion shares (with another 300m on conversion) is no big deal. Well, guess what - it is !

I am just curious - how has your endless and lengthy posts actually helped Tlou ? Well, guess what - they haven't.

Power Query - WGAF. Is that important to Tlou? Well, guess what - no, not at all !

Just endless drivel and personal reflections and total waffle. Endless irrelevant waffle !!

Just took a peak at MFM's recommended stock, Bezant.

Tlou has 1.29 bn shares issued, SXX was nearer 10 bn when they sold up, and Bezant has over twice SXX.

The dividends from that number os shares would put me off. BP has less than 16bn and they are massive. I worked on their Treasury Reports which were rounded in £m's and were still big numbers.

They set up Financial International but toyed with buying the Midland bank. I mentioned it to my barber, whose son worked for Shell, and apparently Shell had considered buying LLoyds. At Dorset County council the base value in finance was 1/12th of an old penny , and we rounded to the nearest penny in may reports. You can imagine how mind blowing BP was after that.

F.I. closed down years ago , but they had 24 hr dealing with dealing rooms in Sydney , New York and London.

Lord Cobbold , owner of Knebworth House , Live Aid 1985 , was chief dealer. We played cricket there when it was being being set up! We had a look around until security kicked us out! I think Sting's helicopter arrived at that time. Great company to work for.

1.29 bn shares , subject to AI being very profitable , could survive and that might create a share price of £2 or £3 given the profits made by TG in Australia from CBM alone? I get £ and $ US or AUD muddled up. $2 or $3 is 100 times the current value. It clearly isn't me buying at AUD 0.003 and AUD 0.004 in millions but it is comforting someone has that much faith in Tlou, and Kala?

Could it be Emirates money I wonder? Or is it a sophisticated British shareholder?

A poster on HC just referred to GpT as "uce".

"Uce" (pronounced oo-say): A popular Samoan slang term that means "brother" or "bro," derived from the word uso. It is commonly used among male friends and has been popularized globally via Samoan-American wrestling culture.

Https://www.youtube.com/watch?v=UgZeYBiGqtA

This one could be a commode?

To date in 2025/2026, there have been no public reports or official court records of former Botswana ministers being formally charged with corruption. While a sweeping national forensic audit was released outlining widespread government procurement and financial management failures, formal corruption charges against former cabinet members have not been filed.What is currently happening:Forensic Audit: The government commissioned and presented a national forensic audit report covering 30 ministries and state-owned entities.Implications: The audit findings implicate over 80 current and former senior government officials as well as contractors in systemic irregularities.Investigations: Investigations by institutions like the Directorate on Corruption and Economic Crime (DCEC) remain ongoing, and the government has committed to using due legal process in evaluating the findings

This has been a sad share for all of us.

I have watched many respectable shareholders fade away , and throughout that there is the same troll talking about never having been wrong in an undending torrent of half truths and fully blown lies about anything he thinks is harmful to Tlou or Botswana.

MM, BytheSea,Lager KHan and now MFM have all seemingly bitten the dust in the Kalahari desert, some leaving at fortunate times when, little did we know , the shareprice was quite good compared to what was coming. MFM exit is a shocker , he must have thought £1m was possible for this share. I was concerned who was giving their stock away in case it was Doc. The evidence was that it could not be him but I never considered that it was one of us! I remember doubting that any of us had 3m shares when that was a pertinent holding for a while (dunno why now) and MM told me that I'd be surprised how many people owned 3m!!!

Please tell me, I was not responsible for MFM's exit. I still feel guilty that I encoraged BytheSea to stick to his holding. I have always stuck with mine, because through thick and thin, I always thought the price was about to start climbing. And the partnership this past year is the same!!! We have never been closer to a boom!

One announcement confirming Kala are funding Tlou is it all it needs.

When MFM asked me for the date this was going to come, I never thought for a nano-second that I might influence him in his decision to hold or sell. May Day without 1 month trial , and end of May if they needed to check the reliability of flows for a month ( confirming last year's trial) is what I really think.

MFM was not messing , he allowed me 4 days over the weekend , but the gravity of that went over my head!

June is busting out all over? A boom rather than a bust I hope. Still think this is a diamond but I am too old and decrepit to buy a hydrogen powered motor cycle. A hydrogen powered commode maybe!