Member Info for Appiamma

Mr Moagi, good question. However, who is in the position to make a better offer?

Didn't they say early Q2 for the tender awards? Oh look!

'Tender Award
Tenders  have  been  awarded  to  Zismo  Engineering  (Pty)  Ltd  (“Zismo”)  for  the  construction  of  the 
overhead lines and to OptiPower for construction of substations at Lesedi and Serowe.  The Company 
looks  forward  to  finalising  the  contracts  with  both  groups  and  subsequent  commencement  of 
construction. 
? Zismo  is  a  Botswana  based  Electrical  Engineering,  Contracting,  Automation  and  Refurbishment 
Company. Further information is available at http://zismoengineering.com. 
? OptiPower is a division of Murray & Roberts Ltd. Based in South Africa, OptiPower’s core business 
includes  the  construction  of  substations,  power  lines  and  fibre  optic  networks.  See 
https://optipower.co.za for further details.'

I'm no royalist - however decency costs nothing. Someone has lost a life companion, a father, a grandfather; at least wait until the man's cold until you vent your bitter spleens.

cold

Only in a thread titled as this is could I get the acronym wrong =)

I certainly hope so too LTK - on both counts

BR - Broken Record

Small article in the Market Herald in Oz

https://themarketherald.com.au/tlou-energys-asxtou-boomslang-project-gets-environmental-approval-2021-03-31/

For those who don't use Twitter

https://twitter.com/TlouEnergy/status/1377150375107563527?s=19

Clearly EIAs unwelcome in Australia though - sharply down over there for some reason. Interesting comments on Orapa. Will it be Mott MacDonald advising the government on the PPA? They've been working with the BG now for many years to develop a power strategy and would tie in well with their involvement with the design of the transmission line project. I would see that as a big positive for us.

Certainly has that Billingsgate aroma Brad

OB
'Thing is... without gas flow information and very importantly - the composition of the gas - one cannot even begin to tell if there is a real opportunity here.'

As to the exact composition of the gas, I'm certain the company has this information and I'd suggest you email them if this information is critical to your investment decision - I do know it burns if that helps.

Regarding the flow of gas - refer to the RNS statements I posted earlier. Again if this information it critical to you, then it appears you'll have to wait until after they drill some more wells to get a more definitive answer - or take a punt now. This is not conventional O&G - sometimes I think the CBM process is poorly understood on here.

That said, I think if the company believed the answer to your questions were - the gas quality is so poor it won't burn well, and that we'll never get it to flow commercially I think they would have probably packed up and gone home by now and would not be trying very hard to move the project forward - even if at a glacial pace. As I said earlier, the only other explanations imo are that it's a either a huge scam or they haven't a clue what they're doing in which case your decision is already made for you - which do you think it is?

Thanks Brad - I thought about looking for the graphic but apathy got the better of me.

On another note concerning a question BigJeff asked a week or so ago on what happens to the water, I noticed in the new presention a mention of possibly using reverse osmosis filtration to produce either potable or agricultural water. Maybe they took note - either way they seem to be pushing the green aspect very hard these days

They've been very clear on their position concerning gas flows. From April last year:

'The Lesedi 3 and 4 production pods have been flowing gas for many months with sustained gas flow rates having been achieved from both pods.

Increased sustained gas flow rates are anticipated to take some considerable time, based on the currently available data, unless additional wells are drilled to facilitate the dewatering process. A decision to drill additional wells is being considered but no decision has yet been made.

During the quarter, the Company proposed to shut-in one or possibly both of the production pods as sufficient data has now been gathered indicating the presence of potentially commercial gas in the coal seams. Shutting-in the wells reduces unnecessary expenditure and stops flaring of gas that could otherwise be converted to electricity and sold once the project is connected to the grid. Bringing the pods back on-line should not take too long given the current understanding of the production process gleaned from the comprehensive data base acquired. '

From January this year:

'Gas continues to flow at the Company's production well Lesedi 4P. The Lesedi 4P gas rate has shown a steady increase over time while water rates are progressively decreasing. The continuous nature of the gas flow throughout the year with the steady incline being observed is very encouraging.

Gas flow rates are not anticipated to increase materially until further drilling is carried out. Lesedi 4P is a single well and is not part of a mature gas field where multiple adjacent wells would all be assisting with the dewatering of the reservoir. Once further water can be removed from the system by additional wells, the Company expects that gas should start to substantially increase.

A schematic illustrating the historical production curves for gas and water to December 2020 (solid lines) and what could be anticipated with additional dewatering of the field (shown by dashed lines) can be found in the ASX quarterly operations report at: Microsoft Word - Quarterly Operations Report 4Q20 - Final.docx (markitdigital.com). The Company does not intend to provide additional specific gas and water flow numbers until material levels are reached being in the vicinity of 100,000 cubic feet per day.

The continuous gas flow reinforces the significant upside potential for shareholders and along with Tlou's plans for solar power, could create a new cleaner power opportunity for the region. Only the deeper gas target horizon (Morupule coal seam) has been explored to date with at least one other shallower potentially productive zone (Serowe coal seam) yet to be evaluated.'

They've stated several times that they believe they have proved concept - I'm guessing this is why they are pressing on with the PPA, powerlines etc. The alternatives are that they are wrong or lying - if that's the case then we're all in big trouble.

Winni - Your two comments of loaded questions and pre-planned questions would seem to contradict themselves. What TG can say on funding is very limited beyond what we already know - I guess he could be pressed more on timeline slippages etc. However, do you think if these interviews were really Frost-like adversarial affairs, companies would hold them? They are under no obligation to, and as you rightly state, are generally used as publicity opportunities.

https://www.boardroom.media/broadcast-single/605189c8e52fc0001b6f5b75

Thornback - I think that is the only way to look at it if you want to draw positives. Though the mention of using a portion these funds for G&A is hugely disappointing considering the comments they made last year about being funded until the end of this year on that front. I'm not so concerned about the percieved discount to trading, because clearly the announcment on the 1st was designed to lift the SP for this raise and the 3.5p price is comparable to then .
However, we have to hope that the funding mentioned in that RNS and this equity raise are some how tied together for the greater good - otherwise I will consider it a very shabby bit of business indeed and think to reassess my position here.

I know you're missing your golf TLK! As you say, it is good to see some positive movement. Atb

I think until a definitive and satisfactory funding deal is signed, there will be a good ammount of reticence shown by innvestors. Cautiously optimist would be my own position at present. Interestingly I think it was March last year we set the previous 52 week high level broken today; lets hope the impending deal makes it stick this time. GLA

There are a few methods for dealing with CBM water as it generally has higher levels of things like sodium, bicarbonates etc, but I'm pretty sure I read somewhere that we use the simplest/cheapest method and just pump it to a pond where it evaporates naturally

50 tiny trades at 15:06:39 certainly means something - what I have no idea - but something