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Brad, frankly I am staggered that, after so many years proclaiming yourself the expert on all matters Tlou and CBM in Botswana, you have so little knowledge of Tlou history &/or where to go to read and remember such history. You have written so much over the years preaching to everyone how much you know - yet you don't !! Now fact.

Go to Tlou website and under About - AIM Rule 26 - AIM Admission Appendix - you can read all about history of licenses acquired from Saber and Kalahari / Sekaname. All from TGs own mouth so to speak - so you cannot challenge it.

Rather surprised I have engaged for so long with someone who knows so little. I wonder how many other cheerleaders here are in the same boat - one way or the other.

You r last 2 messages are What you think; not what you know to be true. Sekaname has been around since mid-2000s as they were awarded the first CBM exploration leases in Botswana. Kalahari Energy was the parent BVI registered company (where all the Panama and Fonseca papers nonsense was highlighted by the woke world); Sekaname is the exploration subsidiary; Kalahari Gas Corp is the drilling company. Refer www.keb.co.bw.

Sekaname had an initially huge land mass of exploration leases which they sold down over time (as it costs $$$$ to maintain by regular drilling). They sold leases to somebody who sold them to Saber Energy who sold them to Tlou. Exarro worked in a JV with Kalahari / Sekaname to drill many wells until Exarro went nearly bust and had to exit Botswana.

Your comments about the 100MW history are total nonsense. Sekaname and Tlou were the only 2 active CBM operators in Botswana for many years and both lobbied hard to get a tender issued. Eric Molale said exactly that in his speech which I sent the link for years back.

Sekaname is the local player - the Scales brothers are born in Botswana and therefore a citizen owned company. But it seems they have been unable to progress their aspirations to anything commercially substantive over recent years. What i mean by that is - they were awarded 97MW in the 100MW tender which never got going and recently they signed a 6MW PPA with BPC. And nothing more has been heard about that - so who knows what they are up to now.

But if they have managed to retain their CBM leases, then they still have gas assets - and with all the noise about gas cliff face etc in SA, then gas assets are going to be valuable to someone.

The question, as with all this Botswana is simply this - how long is it all going to take to actually happen. If it ever happens at all.....

I think there is a large number of idiots attracted to and posting on this board !

With respect Brad, your comments and views and opinions about Sekaname and Ministry / BPC and the conduct of the 100MW RFP are mostly rubbish and well wide of the mark. You have used your imagination to make most of this up, and 99% of what you say is fantasy.

There is a world of new technology for small scale modular mobile plants to convert gas to LNG - Polaire is one such example. Assuming they work of course with Botswana gas and approvals environment. Ex-Sasol guys were advising Sekanme at time of the 100MW RFP, but no idea if they are still helping them now. Probably not. I know the same guys have spoken to Botala, but not whether they have partnered up.

Is on their website, about 11mins long. The gist of what he said is:

Proactive lady asked what is next over 6-12 months?

...largely driven by Offtake Agreements which we are negotiating at the moment. If we had gas right now, we could sell everything to supply S Africa and mining operations in DRC and Zambia. So there is a big demand for gas. We see ourselves developing a small sized gas field or production over the next 12-18 months. That will allow us to demonstrate we are a Producer and then we can crank up production very very quickly by just drilling more wells. You know getting gas from a coal field you need numerous wells, not just one big well. But the beauty about these wells in our case they are very low cost wells and they are quick to bring into production. [Botala say on their website they will drill vertical wells - not horizontal like Tlou]

Within about 6 mths of drilling we will produce gas from it which actually means a lot of the capital required for developing a gas filed once we get over the initial stage of demonstrating commercial production - a lot of it is driven by cash flow from the wells as they get into production. Which is a bit unlike a big mining project where you have to build a half billion dollar plant, we might have to build a half billion dollar investment but it will be driven largely by cash generated as we develop gas.

At the moment, SA is desperate for gas and its current source is coming to an end in 2027...... Sasol have been put on notice that from mid 2027 no gas will be available ....

African governments returned from COP26 in November last year with more Western promises of a just transition to a net-zero carbon economy, despite the Western bloc failing to honour its own commitments on climate finance. But the supply of money is only one side of the equation: African governments have a critical role to play in creating markets and bankable projects that can absorb this finance.

This was the theme of the fifth Africa Energy Market Place (AEMP) investment forum, which took place a week before COP26 and which was organised by the African Development Bank and supported by the Tony Blair Institute for Global Change (TBI). Five countries were invited to present their priority energy projects to potential investors: Tunisia, Guinea, Cameroon, Kenya and Mozambique.

As these countries are very different from one another, the issues at stake and the opportunities varied greatly. However, one particular topic emerged from the discussions: market integration, a policy option that could play a pivotal role to ensure that sub-Saharan countries benefit from the transition to net-zero energy.

Some of the energy problems faced by these countries are stark. The government of Mozambique talked about progressing the completion of its Mpanda-Nkwua 1500MW hydropower plant and is looking for partnerships with established and reliable off-takers to reduce both risk and cost as there is limited demand in Mozambique itself.

This continues to beg asking the question - Why has Botswana Govt continued to buy power from SA / Zambia / Namibia for so many years at a cost which is certainly higher than they should be able to generate for themselves if only they would have allowed CBM power generation and solar /renewables projects to commercialise much faster than so far allowed.

Remember - the 100MW RFP gas to power tender was at No Cost to Govt. All they had to do was allow Tlou and Sekaname to generate power from their CBM reserves/resources and for BPC to buy the power at a tariff which I am certain is well below the price Govt/ BPC is paying its neighbours for importing their power.

The answer is surely obvious.

Little wonder it seems Botswana is sinking ever deeper towards becoming a failed state.

Zambian state power producer surpassed the South African power producer as the largest supplier of electricity to Botswana despite its decimated power generation capacity. Zambia Electricity Supply Corporation Limited (ZESCO), known to generate power from the massive hydro-powered Kariba Dam, is grappling with the worst electricity blackouts in living memory. However, ZESCO is Botswana’s major power supplier, according to the latest figures from Statistics Botswana.

The crisis is so severe that Zambian cities and towns across the country are sometimes without electricity for three consecutive days, with people counting themselves lucky if the lights come on for an hour or two.

Meanwhile, in Botswana, ZESCO outperformed South African power producer, Eskom as the main exporter to Botswana. During the first quarter of 2024, ZESCO accounted for 40.5 percent of Botswana Power Corporation’s (BPC) power needs.

Eskom accounted for 38.5 percent, while the remaining supply was sourced from the Electricidade de Mozambique (EDM), Namibia Power Corporation (Nampower), Cross-border electricity markets and the Southern African Power Pool (SAPP).

According to Statistics Botswana, cross-border electricity markets involve supplying towns and villages along the border with electricity from neighboring countries, such as Namibia and Zambia. ZESCO also in the first quarter accounted for a significant amount of imported electricity at 48.8 percent of total electricity imports. Namibia Power Corporation (Nampower) accounted for 17.7 percent, while the remaining 16.5, 12.0 and 5.0 percent were sourced from Electricidade de Mozambique (EDM), Eskom and Cross-border electricity markets respectively.

Exploration and Developments teams of pretty much all the major mining players are scouring Botswana, Namibia, Angola, Zambia for opportunities in critical minerals. Power Africa is promoting solar energy big time in Namibia and Botswana. Rail infrastructure joining Namibia and Angola ports eastwards and upwards to DRC to evacuate their minerals is also all the rage.

Exciting part of the world currently with opportunities aplenty !

Or maybe it is globally. hmm.

Analytical - you mention 'copper production by companies in q2 2024'

Copper production where ? This cannot be globally, hence I am wondering what/ where you mean. Thanks

Stop it Winni - that is really messing with my head.

Botswana’s electricity generation saw a notable increase in the second quarter of 2024, with the Index of Electricity Generation (IEG) rising to 190.2 from 157.1 during the same period in 2023, translating to a 21.1 percent year-on-year increase.

Statistics Botswana reports that the physical volume of electricity generated rose by 21.1 percent (139,174 MWH), from 660,349 MWH in Q2 2023 to 799,523 MWH in Q2 2024. This increase is attributed to the improved performance of the Morupule A and B power stations, which were responsible for a 97.9 percent of the total electricity generated in the country during the quarter under review.

The Orapa emergency power plant also contributed to local electricity generation, albeit at a lower 1.8 percent share, while the newly integrated solar power stations at Bobonong, Phakalane, and Shakawe made their debut contributions, adding 0.3 percent to the national grid. This marks a growing commitment to diversifying Botswana’s energy mix and increasing reliance on renewable energy sources.

However, the report notes a 17.8 percent decrease in the physical volume of imported electricity, which dropped from 464,603 MWH in Q2 2023 to 381,764 MWH in Q2 2024. Quarter-on-quarter, electricity imports declined by 6.9 percent (28,255 MWH) from 410,020 MWH in Q1 2024.

Zambia Electricity Supply Corporation Limited (ZESCO) emerged as the main source of imported electricity, accounting for 40.5 percent of total imports. Eskom followed closely at 38.5 percent, with other suppliers including Electricidade de Mozambique (EDM) at 7.1 percent, Namibia Power Corporation (Nampower) at 6.4 percent, Cross-border electricity markets at 4.9 percent, and the Southern African Power Pool (SAPP) at 2.6 percent.

What validation are you talking about HB ?

Remind me, were you one of the group dishing out criticism in my direction for how many years ............

Huh, I'm somewhat discombobulated. Is that some sort of acknowledgment or admission from Brad that i been along right lines all along.

Winni - check in with Clueless as he is the knowledgeable one on funding from Botswana. Then again, he disappeared after his little faux pas on multiple alias..... Gone the same way of goodness knows how many now cheerleaders.

How do you see a 'high level investment'" in Sunrise playing out then?

I wonder who the buyer was ........

👀. 👀 👀

Note 9 to Annual Report shows 72m aussie capitalised - this is not all spent by Tlou, given that they bought leases from Saber or whoever years back and carried forward their historical spend (be kind, say 25m c.f.)

Rough guess - I would say Tlou has spent close on 60m aussie since they started.

No point me commenting further on the quantum - cheerleaders will only say it is expensive to start a new business in a country. But who here honestly thinks this is money well spent / value for their investment....

What is the chat from the guys in the private Whatsapp / chat group these days? They went offline to chit chat amongst themselves given they were hard core behind the management and their plans.