Member Info for BOTS_PROJECTS

What are the punters in the offline / Telegram chat group saying these days?

Do you really expect them to say anything other than we are really busy with ..... And in any event, year end is an Accountant's world thingie. And anyways, what is there for the accounting side to be busy with. Typical disingenuous carp.

Quarterly will be end of July latest - because that is the deadline. Hence why they like to look good by being a week early quite often. No problem with that; and besides often there is little real substance to ever report.

But then, we are gearing up for flow rates, gas composition, completion of sub-station, energising the TX line, connecting to the grid, selling power (assuming they can generate it in first place), earning Revenue - which wont get paid on time, finalising project finance (for what exactly ? ), talking up the opportunity, telling us how wonderful being connected to the SAPP finally is, and blah blah and more blah ...... And one morning we will all wake up and read about the 1 for 3 Rights Issue that is essential to really cementing Tlou's place on the IPP ecosystem in southern africa. Because the opportunity is so huge, none of us should miss it. Then everybody (except me and BTS and Whizzer) will be saying Lads we gotta go to the well one more time, and then we will be rich beyond our wildest dreams because TG is on a hattrick and we must no doubt him.

The only bit in the above i reckon may not happen is the part where they release flow rates and gas composition, sticking steadfastly to the view this is commercially sensitive information. Eeerrrrrr, why is that please? I mean, Tlou are the most advanced gas to power IPP in the region; they want more players to help service the market opportunity, grow the pie, more than enough for everyone, yada yada, but still they will not share the info that is the determinant of future success. Gas composition and the costs associated with making a 2MW proof of concept be proved.

I cant wait.

I guess this is the last time share price trends down - given all the bumper great news soon to be reported ahead. Then the market capn will explode.

I guess when you subscribe to the free GPT version, this is what you get. Try subscribing mate and maybe your poetry will seem less of the rambling Bradesque gibberish.

Yes please, why dont you do that and tell us what they say.

Alternatively wait until around end 3rd week July for the quarterly update to be released. If there is anything positive to be said before that, they will publish it separately. Just so it seems bigger than it really is.

Sub-stations completed, updated gas flows and composition, generators hooked up and line busy being energised, its all good news ahead !!

Last night we heard Cloo chirping along

Ooh we, chirpy, chirpy, cheep, cheep

Woke up this morning and baby Cloo was gone

Ooh we, chirpy, chirpy, cheep, cheep

Chirpy, chirpy, cheep, cheep chirp

Where's your mama gone (where's your mama gone)

Little baby, Don? (Little baby, Don?)

Where's your mama gone? (Where's your mama gone?)

Far, far away

Where's your papa gone (where's your papa gone)

Little baby, Don? (Little baby, Don?)

Where's your papa gone? (Where's your papa gone?)

Far, far away

Far, far away-ay-ay-ay-ay

Last night I heard my mama singing a song

Ooh we, chirpy, chirpy, cheep, cheep

Woke up this morning and my mama was gone

Ooh we, chirpy, chirpy, cheep, cheep

Chirpy, chirpy, cheep, cheep chirp

Thanks. But just as you dont care what i think, not surprisingly that works in reverse.

Idiot - about 10 things wrong in your post. First, my post mentioned numbers around flow rates; anything since is just generalities. You can have fantastic flow rates but if carbon dioxide levels are high, then big problems ahead. The real reason they never mention on this; not everybody buys the 'gas content is commercially sensitive information' BS. Someone tell me how that is 'commercially sensitive' !

You think Seka backed out at that stage. Well if they did, how come they signed a 6MW PPA with BPC back in November 2023? It just amazes me how you are so focused on rubbishing Sekaname when they AND Tlou both have same status regarding the 100MW tender.

Tlou have experience of managing Selemo. Great - and what have they learned ? Where is the gas; what is it being used for?

Read Kalahari website - they drilled a 5-spot years ago - does that mean they learned nothing. Read Botala - they recently drilled a 5-spot. Does that mean Botala is stupid because they drill vertical v Tlou drilling horizontal?

Talking about drilling - who do Tlou use for their drilling? Mitchell Drilling is who. Good outfit but hey ho, Nathan Mitchell and TG and Tlou Chairman are all buddy buddies. Did you know that?

And possibly the stupidest thing you have ever posted is saying that drilling a vertical well is more risky that horizontal well. I am so stunned by this stupidity that it is pointless trying to explain anything to you.

And finally, of course you know how many shares i have bought, just as I know how many you have bought. You basically just post any old nonsense that comes into your mind at the time. Put me on filter please - you critiquing my posts is torture !!

You are right HB, I am just posting to myself for my own amusement. There is no point. At least no point that any or many here will twig.

A clue - the BS and hiding stops in and around time of Qtr 3 update. You can fool some of the people some of the time but not all of the people all of the time.

I will just touch on the highlights that really have set our company up to be in a very exciting stage of its life.

We’re the only ones with an approved environmental impact statement for exploration and development …….. now those permit areas cover approximately 8000km2 and of course we own those 100%.

That is a culmination of a number of years work and puts us, in our humble opinion, well ahead of any competition, of which there isn’t much competition.

Fully funded for our current program of work at this time, milestones achieved, moving towards getting additional data to bolster reserves story.

Gasconsult - it looks like it’s some grant money for someone to a study on LNG, presumably mini LNG out of Botswana. There’s no indication in that article who they are dealing with, and if they’re not dealing with us, well I wonder who it is. And whoever they’d be dealing with certainly wouldn’t be anywhere near as advanced as us so I put that story just in the “of interest” story.

We don’t want expensive money, we want cheap money, we want many options and as much flexibility available to us, so again that occurs by going for a staged 10MW approach, leading to and if the government feels inclined, leading to more. I’m very very confident once we’re into that grid, it doesn’t really matter in terms of having an assigned firm 100MW or not. It means that once we’re into that grid, we’re in with a lower capex expenditure, we’ve lowered the risk and we’ve absolutely nailed our position as the most advanced company doing gas to power in Botswana and pretty well all of southern Africa.

I see a scenario where we be we are awarded 10MW firm and then an option on the remainder, assuming the other party doesn’t get “thrown a bone”, and we wouldn’t mind if they did because there’s such huge upside here we don’t mind the competition, we are so far ahead of everyone, we don’t mind the competition.

Https://bte2.live.irmau.com/pdf/3e161ed2-51ee-4754-bf52-3ca67e61057d/42-Increase-in-CBM-Resource.pdf

Decent write up about their views on the impending Gas Cliff shortfall ahead in the region there; doubt it will be as bad as they suggest but am happy if gas supplies tighten up in any way. What really caught my attention was:

"In addition, the Botswana government has identified the requirement to generate 100MW of electricity from CBM

powered gas generating facilities. Botala aims to supply most, if not all, of this CBM.

Botala’s substantial CBM resources provide a viable solution to this impending gas shortfall. The key market entry points

for Botala’s gas include local LNG consumption, power generation, industrial use, and customers within the Southern

African Power Pool (SAPP).

• Market Size and Entry Points: The regional market for natural gas is substantial, with significant demand in power

generation and industrial sectors.

• Strategic Positioning: Botala’s 100% ownership and control over its Serowe CBM project allows for flexibility in

negotiations and partnerships, and positions Botala well to meet the demand and contribute to regional energy

security.

Botala’s substantial increase in contingent resources and its huge prospective resource, positions it as a critical player

in mitigating this impending gas shortfall. Development of its CBM resources positions Botala to become a significant

new regional gas producer. "

Colm Cloonan comments on Proactive November 2019:

The 3 key factors that are ongoing are Gas Flows, PPA and Project Finance. With the gas flows we are going fantastically well. There has been great progress with the wells. Lesedi 3 and 4 are both producing gas. The pressure is being managed extremely well within the wells. As you can imagine it is a very technical process; we’ve got 2 lateral wells and a vertical well in each pod. We got to manage the pressure differential in those, extract the water and of course manage the gas. So water rates are coming down which is great. Gas flows are improving, again another excellent sign. So everything is going in the right direction. And the next phase is to get the well gas saturated so that’s really a case of taking water out of the formation so that the gas really starts to flow. And once you get to a point where the wells are gas saturated, you would expect the wells to start producing a lot more gas. Even more than they currently are. And at that point, all else being equal, you would have a significantly higher flow.

So these rates are currently higher that what you previously reported, are they?

Yes, the reported amount we’ve had to date has been 20,000 cubic feet per day as a sustained rate. We’ve got a lot higher rates than that in our short term flows. The process now is to build that up to longer term sustained flows that our Engineers will certify and then we can announce those rates.

So you are targeting between 80 and 100 thousand cubic feet?

Yes, 80 and 100 thousand is what we have based on our modelling, we have a minimum commercial rate. So we are targeting those. Based on the information I have received to date I expect we will reach those. I have no reason to believe we wont reach those and I am actually quite confident we will surpass those.

To the best of my knowledge there has been no further update on gas flows specifying quantities - please correct me if I am mistaken. Quarter update to June is due in 2 weeks - I hope this is addressed then.

Royalties are payable by Tlou to Sekaname on gas extracted at well head. There has been no announcement to the contrary. And my RFP summary below is from 2017 onwards, there is no history pre that worth arguing over since it is just Tlou positioning itself to deliver on its intended strategy of Gas to Power in Botswana. That TG thought it would improve his chances by continually rubbishing Sekaname (who are local and the pioneers of CBM there starting back in 2003 when the US Geological Survey work was first performed ) has not been lost on the other locals in Botswana. He should think about mending bridges and trying to progress CBM in Botswana on a united front, since the industry needs momentum behind it. I remember someone posting that the boss of Sekaname sat on the Board of certain Tlou companies years back - i think it was a poster called PIJoe, but could very well be wrong on this. It resonated with me at that time. But I do know the MD of Sekaname passed away during covid, so who knows the state of play.

Your other fascination is dewatering. Here is a TG clip from 2019:

https://www.facebook.com/share/v/MfrebpoXbUpbfzgp/?

That post was to your last point about 1 example of where you are wrong. Not that you will listen, but the history to the RFP was this.

Only 2 parties were invited to tender to the 100MW gas to power proof of concept pilot - Tlou and Sekaname. They were the only 2 operators in CBM in Botswana at that time (Strata-X were there but not yet active, having only bought some leases from Sekaname a year or 2 earlier). The tender was issued around year end 2016, was due for submission July 2017 but extended by PPADB at the request of both parties. Tlou cheekily made a song and dance that it was Sekaname who needed the extension - part of the TG games he likes to play. The RFP was submitted by both October 2017 and in January 2018, about 3 weeks before the expected announcement was due, Tlou share price jumped very briefly to an intra-day high of 17 pence (maybe that was cents). But fell back pretty quick. No announcement came in Feb 2018, and then in Apr/May 2018 Ministry astounded both parties that they were cancelling the RFP. This caused panic - reference the garbled RNS issued by Tlou saying we have other gas to whatever options to explore and dont fear, all is not lost. Then they were both told to resubmit their Bids to a revised worded RFP tender document. Only a small part of the Compliance requirements was amended; the rest was word for word the same. Both submitted later in 2018; both were awarded Preferred Bidder status in Oct/Nov 2018 by PPADB (who is the Govt body running Govt tenders at that time).

Have a nice day !

Http://www.ppadb.co.bw/Lists/Board%20Decisions/Standard%20View.aspx?Paged=TRUE&PagedPrev=TRUE&p_Ministry=Ministry%20of%20Nationality%2C%20Immigration%20%26%20Gender&p_Board_x0020_Date=20220120%2000%3A00%3A00&p_ID=1237&SortField=Ministry&SortDir=Asc&PageFirstRow=481&SortField=Ministry&SortDir=Asc&&View=%7B26D26D55-FDB9-4E7C-A42B-891A600B0DA2%7D.

https://polaris.brighterir.com/public/tlou_energy/news/rns/story/rmpke9r

https://www.keb.co.bw/kalahari-energy-botswana-awarded-preferred-bidder-status/

Prof Google has literally 100's of articles referencing both Tlou and Sekaname were awarded Preferred Bidder status for the second RFP 100MW pilot gas to power 2018 submissions. That is ancient history.

Amazing how you keep finding someone to blame for Tlou ills - KE wasting everyone's time; RFP fiasco; covid.... They were just plain unlucky then i guess. Seems all you have learned in life is to disrespect anybody that is at odds with your view of matters. A case of the older i get, the better i am. Shame really as you continue to miss all the problems that living, working and business face in southern africa.

Good to see i am back off filter. I think we all knew it would not last for long.

Will share with you comments from previous TG interviews and London luncheons next week - archives. Baby you have no idea.

Why dont you share you vision of success then ..... Heckling is for those that really have a problem articulating their own thoughts into sentences.

Success for you is 5 months to raise 60% of intended money. Bigger picture success for you (not your strong point) is when market capn of the company you invested in has dropped after 11 years of pretend hard work.

Keep trying to deflect and hoodwink others; it's working right ?!