Tlou Energy Share News (TLOU)

Tlou Energy completes Botswana production drilling, plans dewatering

(Alliance News) - Tlou Energy Ltd on Monday said the lateral wells of the Lesedi 4 production pod in central Botswana have been successfully drilled.

IN BRIEF: Tlou Energy hails output pod drilling completion at Lesedi

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Reports production pod drilling completion at Lesedi 6 in Botswana, as part of its gas-to-power-focused Lesedi project. Meanwhile, cash as at June 30 is AUD6.85 million, up sharply from AUD3.5 million at March 31. Further, a 66 volts overhead transmission line is around 79% complete, up from 11% in September 2022. The transmission line aims to connect a power generation plant at Lesedi to the Botswana Power Corp grid at Serowe.

TRADING UPDATES: Plant Health Care announces GBP2.8 million fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Tlou Energy updates on drilling, transmission work at Lesedi

Tlou Energy Ltd - Company developing power solutions for Botswana through gas-fired power and ancillary projects - Drills the Lesedi 6P vertical production well to a depth of 589 million and intersects 6 metres of the target lower Morupule coal. Notes that the top sections of Lesedi 6A and Lesedi 6B lateral wells have also been drilled, both to a depth of 150 metres, plus an additional two metres following cementing. Explains the objective of the core-hole drilling is to provide additional geological control in the vicinity of the Lesedi 6 gas production pod. Adds that the core-hole determined the top and bottom of the target coal seam, close to where the lateral section of Lesedi 6A and Lesedi 6B will enter the coal. The core-hole was completed and logged after reaching a total depth of 535 metres and intersecting 6 metres of coal.

IN BRIEF: Tlou Energy launches fundraise for Botswana developments

Tlou Energy Ltd - Brisbane, Australia-based power project developer with operations in Botswana - Announces partially underwritten entitlement offer from ILC Investments Pty Ltd of around 304.2 million ordinary shares at 0.02 pence per share to raise GBP5.7 million. Says funds raised will go towards development of its projects in Botswana. This includes the construction of a transmission line to connect its Lesedi project to an electricity grid and the drilling of gas production wells.

TRADING UPDATES: Tlou receives loan to help fund Botswana operations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Tlou Energy begins work at Lesedi Gas-to-Power project

Tlou Energy Ltd - Brisbane, Australia-based power project developer with large gas field in Botswana - Says work has begun on the next phase of drilling at Tlou's Lesedi Gas-to-Power project. The Lesedi 6 gas production pod spudded on Monday and is at a depth of about 59 metres. The objective of the pod is to increase the volume of gas available to the company for power generation, Tlou says. Adds that once Lesedi 6 is drilled and completed, dewatering will commence and thereafter the well will start to establish an indicative gas flow rate.

IN BRIEF: Tlou Energy raises AUD200,000 via placing of new shares

Tlou Energy Ltd - Brisbane, Australia-based power project developer with large gas field in Botswana - Raises AUD200,000, around GBP110,000, via a placing of 5.7 million new shares at an issue price of AUD0.035 each. The funds have been raised from Australian-based "sophisticated investors" and will go towards development of Tlou's Lesedi project in Botswana. Says issue price represents approximately a 5.4% discount to the closing Australian Securites Exchange share price on March 24 of AUD0.037.

TRADING UPDATES: SigmaRoc Sweden boost; Mosman's Cinnabar-1 success

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

EARNINGS SUMMARY: Franchise Brands blooms; Tlou Energy loss widens

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Tlou Energy cash falls as expects to drill at Lesedi 6 soon

Tlou Energy Ltd - Brisbane, Australia-based power project developer - Expects completion of a 100 kilometre transmission line at Lesedi project in Botswana expected for mid-2023. Expects drilling at Lesedi 6 production pod to start in the first quarter of 2023. Meanwhile, no ground operations have been carried out so far at Boomslang project in Botswana, where the license is set to expire in June 2024. Tlou Energy adds that its cash position at December 31 was AUD6.1 million, down 22% from AUD7.9 million at June 30.

UK shareholder meetings calendar - next 7 days

AIM WINNERS & LOSERS: Pure Gold gets court approval; Prospex falls

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Tlou Energy secures funding for development of Lesedi power project

(Alliance News) - Tlou Energy Ltd on Friday said it raised AUD2 million, around GBP1.1 million, through a share placement.

Tlou Energy shuts in well at Lesedi project to save additional costs

(Alliance News) - Tlou Energy Ltd on Wednesday said it has shut in one of its wells at Lesedi to reduce production costs while work continues elsewhere on the project.