LONDON (Alliance News) - Tlou Energy Ltd said Monday it has been issued a new coal-bed methane prospecting licence by the government of Botswana.
The licence, Boomslang, is located on-trend with the company's Lesedi coal bed methane project.
Tlou said the Boomslang area is "considered highly prospective" and provides "significant development flexibility". The licence covers 1,000 square kilometres, bringing the total licence area held by the company to 9,300 square kilometres.
The licence is valid for an initial term of three years.
Shares in Tlou Energy were up 0.2% Monday at 5.76 pence each.
Tlou Energy (TLOU)