Member Info for BOTS_PROJECTS

Tlou previously bid for 'up to 10MW' of CBM fuelled power generation - a proof of concept project at that time (2017/18). This concept has still to be proved.

As part of Tlou's Bid - they were required to evacuate the power from their site and deliver to Botswana's power grid (owned and managed by BPC). To do that, required Tlou to construct at their own cost the transmission line and grid connection (sub-stations) 2 points. My understanding is once power is successfully injected to the grid, the transmission line is ceded back to BPC (they do not allow independent 3rd parties to own any part of the power distribution network). If this is correct - will BPC reimburse Tlou for this cost? It is only a 25MW line - not exactly something to get the power generation problem solvers terribly excited about.

Funding - with the Doc saying he will lend a further A$5m, I assume this means the 'indicative term sheet for a proposed mezzanine debt facility with a Botswana based investment management firm' is kaput. My sense on funding is the Doc's preference was for Tlou to approach the wider lending market and see if anyone would provide the necessary funding first, knowing he would likely have to step in if no backers were found. So I doubt TG and management team are terribly surprised that local funding has dried up.

Goven the Doc is now basically the owner of Tlou (Free - remember I said a year plus ago TG had lost control), and assuming the team can actually get the horizontal wells to work properly, the Doc has already embarked upon necessary house-keeping ahead of him and his mates delivering a general offer to take Tlou private in due course. That is the only way the Doc is likely to make good on his investment - and I doubt he cares less about minority shareholders.

Sadly Tlou has become all about getting one's money back - and minority shareholders seldom do well in such scenarios.

Simplifying the shareholder base and listing structure as much as possible (Ie save on unnecessary costs - hence ditch AIM as Brits stopped supporting capital raise years ago). That makes sense to me at this point in time.

BSE - has to be maintained given that they want to demonstrate local Botswana shareholders (there is talk in botswana that foreign projects could need up to 40% equity therein). BPOPF (pension fund) are current shareholders, hence BSE listing will need to be maintained. (And can be used by others there to buy directly - but hard to see who that might be given where things stand today.)

ASX - BIG assumption being the project succeeds by getting into gas production and electrons sale. The project would then demonstrate success so a share consolidation would be necessary (Dr and BPOPF would convert their loans to equity and 1.5 billion shares in issue). Maybe then the ugly pig would start looking somewhat more attractive, facilitating future fund raising to enable scaling things up.

More likely imo at the moment is TG and Dr and a group of 'mates' will look to take Tlou private - and sorry guys, but thee is no good outcome for existing shareholders in this scenario.

I have been trying to warn you for ...... how many years is it ??!!

I will leave it to you all to convince yourselves this is nothing more than TG being frugal and therefore a really good move.

More than likely, any news on CS will be some upfront cash and a net royalty against tonnage sold. That will take 2-3 years before bulk tonnage is moving - but maybe PC can sell the Royalty to a specialist royalty house. Long way to go here - and I dont see a pot of money waiting for us at the end of the rainbow

Civil war not just in Botswana, eh Brad

More than a quarter of Americans believe that civil war could break out after this year’s presidential election, according to polling for The Times. Fears that an eruption of violence is very or somewhat likely are shared across the political divide by 27 per cent of American adults, including 30 per cent of women and 24 per cent of men, YouGov found in a survey of 1,266 registered voters on October 18-21.

Twelve per cent of respondents said they knew someone who might take up arms if they thought Donald Trump was cheated out of victory in under two weeks’ time. Five per cent said they knew someone who might do the same if they thought Kamala Harris was cheated.

Just for you Brad - coz i love humouring you. Ready - here goes.

So I am singled out because I have been consistent and consistently right. That dont sound fair.

I said there would be 1+ billion shares issued; then I said likely be 2 billion. Am going to be right on that as well.

I said raising money would not be easy - looks like I am right again.

These boards have no influence on share price - Penny Share tips were all the rage 20-30 years ago. Markets a lot more sophisticated nowadays. This Board clearly has no influence on Tlou share price - either that or I have done a heck of a job keeping the price down (I prefer the former).

Power struggle in Botswana - how would you know? You cannot read basic listing documents about your specialist subject (Tlou) ie ownership of Sekaname, so why would you know anything about what goes on in Botswana and its politics. If you did, you would realise the ongoing power struggle between Khama and Masisi /BDP. Elections next week 30th October - await the results and fallout. Hopefully peaceful, but Boko and UDC already saying elections are rigged.

You objected to my tripe - now that is rich coming from you mate. My tripe is about Botswana and Tlou and CBM; what can we say yours is about ....... You think newcomers want to read about your driving our poppy poop or blood pressure or .....

Tlou loyal followers - they have feeck all choice now. So seriously under water all they/ we have is hope that we get something more meaningful back.

You and your endless waffle about value of shares and options, and idiots selling etc. Love how you now name drop Stephen Hemsley - a founder shareholder from 12+ years ago. You have no clue if he is still invested or interested or anything - but of course you just spout out any old tripe that suits your narrative !!

We would have been doing brilliantly had it not be for covid - you do love giving excuses for your hero, eh. How many more years and faults caused by others elsewhere will you keep excusing him for. Your tripe, sorry narrative is - you cannot bear to admit to yourself you are wrong on most fronts about Tlou and TG because that admits your own failure - easier to convince yourself otherwise and pick a different target.

TG was not frugal in the early years; then he had money which he spent (no problem with that). Then he didnt achieve the progress he hoped for and money tightened up - thats why he is frugal. Not because he wants to be. Stop kidding yourself man.

Yeah you are right Winni - as pathetic as when when Cloo replied with his same same message about funding. Did you post to him saying how pathetic that was?

Of course not. I am the only one worthy of being abused here. For being right. Now aint that just a larff......

In an unprecedented move, government has withdrawn more than P2,5 billion from the budget approved by Parliament for the financial year 2024/2025.

This has had a ripple effect throughout the government enclave and beyond after P2 6665 851 880 was taken back from the money that had been allocated to parastatals and government departments.

What your view on raising money in Botswana these days Cloo ?

Doh it made sense to generate and sell CBM power 15 years ago when the geological survey said there was an ocean of gas in situ. That was the dream TG embarked upon. And now - here we are, still talking about how great it will all be.

Why why why take this long.

Come on Bobbie boy. Where have you been ? We miss you ... Well actually we don't! But anyway, where have you been these days? Have you created any more new alias ? Cloo and Long Legs and Bobbie - but then none of these 3 have posted in recent times, so I guess you have created another couple dozen profiles so you can amaze everyone with the depth and breadth of your misinformation knowledge.

Tlou are hard at work trying to convince muppets in Botswana to invest their cash in Tlou. It's an easy sell - right ??

Remember I told you many months ago the Govt payment portal system was under pressure. Headlines in The Patriot on Sunday tomoro - "Economic Disaster: Debswana struggles, suppliers cut staff as production halts to zero. Govt coffers dry out, GABS break down cripples businesses"

This is all true. Private sector business in Botswana is haemorraging because the Govt is running potentially it largest ever annual Budget deficit this year due to the collapse in global diamond demand. And growth in lab diamonds. With Govt elections being held on 30th October, that means nothing gets fixed, every crack will at best be papered over or simply ignored. Anybody that has money is pure and simple not going to spend it.

Which brings me neatly to the current Tlou fund raising and the 'term sheet' mentioned by CC yonks ago. Not sure if we are in the midst of a Dad's Army, we're doomed moment. But we might be !

Winni - there is an ever-increasing number of gas /solar projects expected to be of benefit to the power shortage equation there. Here is a link to power shortage/load-shedding next door in Zambia.https://www.africanews.com/2024/10/13/zambians-struggle-with-electricity-shortages-driven-by-drought//

What does not make sense is how come Zambia Govt is happy to sell significant power to its neighbour (Botswana) whilst putting its own people and business and economy at great disadvantage ? At face value / applying western logic makes no sense.

They do it in order to earn foreign currency income - I wonder does Botswana pay for this in USD or Pula.

So Zambia is short on power, and Zimbabwe, and DRC, and S Africa, and Botswana.... And they have been for at least the last 10 years.

So you saying in last post - hoping that funding will come soon to propel a project with huge benefit. Well sorry mate, access to money in southern africa region (and largely all of Africa continent) is the handbrake that Tlou has suffered and the Govt there is not doing anywhere near enough to help the Private sector in Botswana deliver very necessary energy (and all other) projects.

Hoping those muppets will do something to speed up access to money - well don't hold your breath !!

Maybe Free will grace us with an update ?!

Clueless - I know you are still reading here. What do you say now, you moron.

Typical of you Brad - you are quick to post the first thing you read during your Google search so you can try come across as Mr Expert. Except that you forget you actually know 'jack' about Botswana and CBM history. But you cannot bear admit to yourself you get things wrong or dont know. And we end up wasting space and time correcting your misinformation rubbish.

Read paras 10.11 to 10.14 of the AIM Admission document. Then you will realise the comment made on p16 saying Sekaname is a subsidiary of Saber was a mistake. Just so typical of you to rush to post .....

10.11 Farm-In Agreement On 2 August 2007, Kalahari, Sekaname (a subsidiary of Kalahari) and Sable Energy, which subsequently became a subsidiary of Tlou, entered into an Amended and Restated Licence Farm-in Agreement in relation to the Lesedi Licences. Under the terms of the Farm-In Agreement, Sekaname transferred the Lesedi Licences to a newly incorporated company (now called Tlou Energy Resources (Pty) Ltd (“Tlou Resources”) and Sable Energy contributed US$4.25 million to Tlou Resources as equity, such equity to be held in escrow.

And I am telling you that Sekaname never was a subsidiary of Saber. Despite what Tlou print in their Admission document.

As per page 19 of the AIM Admission document:

The Farm-In Agreement entered into between Saber, Kalahari and Sekaname (a subsidiary of Kalahari) entitles Sekaname, once Tlou Resources develops a wellhead for the purposes of commercial exploration of the gas reserves contained in the land subject to the Lesedi Licences, to receive from Tlou Resources a royalty of ZAR 2.0/Mcf produced at the wellhead or 12.5 per cent. of the wellhead selling price of gas produced (less certain transport and logistical costs), whichever is greater.

Well Brad, all I can do is give you the relevant information. If you are too thick, stupid or stubborn to understand it correcly then there is very little I can do to set you straight.

Let me repeat - Kalahari / Sekaname sold leases to someone who, in turn, sold same leases to Tlou. The terms of the Farm-In Agreement would likely have been grand-fathered with each change of lease holder. There was no common ownership between Kalahari/ Sekaname and Saber Group.

Something else for you to apologise for - long list now !

How good is your memory then? How many people said all was not well here, and then when that 1 person urged caution, what happened next?

Hit will constant abuse and criticism and called a liar and worse. Now, back to your memory - how many of those dishing out the dirt are still on this board posting ?

Are you giving Clueeless / Daddylonglegs / Bots_Project any criticism for his multiple alias? No, of course not. The only person you can criticise here is the only person who has been consistent with his views throughout - views which are becoming increasingly clear and correct.

So Winni - take a long and honest look mate at yourself. And get off your high horse - yes, show some class and humility and honesty!

Go and hurl your insults elsewhere Winni. I told you all was not what it seemed here when they had maybe 250m shares in issue - you didnt listen then; you wont listen now. But you could show just a sliver of class or humility. But as below, I wont hold my breath.....

I hope you choke on - I was right all along - and you were not !

Brad - you made out you knew everything about Tlou and Sekaname and CBM and RFP for a few years now. So any time you (and others here) want to apologise for not being the knowledgeable gurus as claimed will be welcomed. But I have low expectations.

Sekaname is NOT related in any way to Saber - FACT. Saber acquired leases from a third party (I forget their name, maybe Talon) who in turn had acquired the leases from Kalahari / Sekaname. Sekaname sold a variety of leases to 3rd parties over the years, most of which were westwards of their current main leases. That is why Tlou needed a 100km transmission line to Serowe to link to grid. Sekaname are much closer to both Serowe and Seruli, so would not have the TX line dimension/cost.

But the real question about Sekaname is - why have they seemingly done nothing since post-covid? Is that because of their own problems or is it because the Botswana authorities a problem with CBM / gas. I wish i knew the answer to this question.

Last point - nobody that acquired Tlou shares upon AIM listing is happy. Including and probably especially Stephen Hemsley. Everybody is massively down on their capital, diluted near out of existence - and well aware that there is no pot of gold awaiting from any future Tlou Energy exit.

Now back to those apologies ,,,,,,,,,,,,, Dont be shy chaps

Get over yourself Winni and start contributing something useful here. You guys rabbited nd preached gibberish for how many years ,,,,,, And look where all your great and good collective knowledge ended up