Member Info for BOTS_PROJECTS

Where does the money come from to prove the Resource and how long will that take. Someone said mineable at surface and at 1000m. Quite the spread.....

With respect, does Sunrise need to embark on yet another mining project when it has a library of similar efforts still on its books. How and when do they exit some of these; raise some cash internally - rather than issuing yet more shares. There is only so many times one can go to the well and sell the same old, same old spectacular sounding project.

We were told 2023 would be a stellar year for Sunrise - none of us took that to mean yet another super sounding project being added to the long list.

Point of correction - I was not criticising Tlou's strategy of gas to power. I was merely pointing out that is generally accepted as the lowest revenue stream for gas to whatever (CNG, LPG, fertiliser /ammonia, LNG being the oft quoted revenue streams).

Which of course highlights the cabal trend here of only being interested in criticising my posts - imagine how much more clever you would be if you actually tried to listen and learn.

And on the point of TG only ever taking abuse from shareholders - that goes with the territory when you are MD and the strategy is /has not paid off. Regardless of the reasons. If he wasnt a major shareholder, he would have been booted out many moons ago.

Lastly - it seems to have escaped your notice but I am interested in Tlou again simply because their pilot Gas to Power project (originally tendered in 2017) is within an african smidgeon of being commissioned. Then the fun will really begin - because then they are fully out of excuses on further problems. CBM is getting going in Botswana again - thank goodness for that.

if the reason purebond is buying a significant to controlling interest in kavango is because of zimb drilling, then yes this share is heading to the drain. their money is being used to buy the licences next door in botswana, presumably due to dave catterall interpretations.

i have absolutely no doubt there is lots and lots of gold lying around in zinb at shallow depth etc. and easily enough (although somewhat inefficiently) recovered. but if anyone like a kavango resources found a bucket load of precious metal of any description in zimb, rest assured then your troubles are only just beginning. they would come after your licences, your unpaid tax, your not employing enough local labour content, basically any old *******s excuse they could dream up just to sabotage / take away your business.

i have stopped counting the number of times africa countries and projects do this to exploration companies who simply do not have the balance sheet to fight back, stay the course and win their case. t i a - for a reason.

Winni - Tlou prospectus coming to market in 2009 or 2010 said they were going for gas to power PPA. It sadly took them many years more to achieve that outcome than they ever imagined. Same for Sekaname - who had actually started this process well before Tlou. It is to Tlou management great credit they stuck with it; but sticking with it has of course come at huge dilution cost.

Now to 'rock your world' perhaps. Check out Elixir Energy and Jade Gas; 2 companies developing CBM in Mongolia. What they are currently doing reminds me hugely of Sekaname and Tlou (and Saber Energy and Exarro Resources and others) in Botswana 10 plus years ago. Time will tell if the Govt and Ministry there support CBM development in-country or not.

But - to your point in last post - Gas to Power is generally the lowest revenue stream available to a CBM operator. It accounts typically for 40% of gas feedstock usage in locations where there is no gas industry established in-country. CNG and LUG and ammonia and fertiliser end uses adds to the lovely jubbly story board - unless you have a big balance sheet behind you, none of those options are the basis for developing a gas industry.

Why? Simple - gas to power imposes the requirement in any project feasibility study that sufficient quantity of gas will be available as feedstock for minimum 12- 15 years, otherwise the financial metrics on a large, meaningful power plant will not add up. Some of you might remember Minister Eric Molale speech in 2019 saying prove there is sufficient CBM reserves and we will make use of it for power generation. I know that Brad will remember this speech - he talked about it endlessly at the time.

I feel somewhat for Brad. He is having to comes to terms with various realisations ......

Why do you say 2024 'looks very interesting' ? Just curious.

Really? They flag that they have a drill program ahead. And when they start, they need to confirm they are doing what they said they were going to do all along.

In case you forgot, drilling is a binary outcome - either you find what you hoped was there. Or you dont !

Agree. Those posting regularly on this board and always blaming specific people really are the worst of social media sorts. There is nothing anywhere that says just because you popped your money in to a punt that somehow, after an extended period of time, you become an expert in management, governance and risk management.

You decided all by your good self - maybe influenced by drivel posted on boards like this - so suck it up, and ask the right questions. Complaining is the easiest thing - and usually the trait of losers !

Https://www.ownerteamconsult.com/comparison-of-inland-nglng-and-imported-lng/

Somebody is thinking bout developing CBM in Botswana. This is interesting.

The Company has also received a proposal from ILC Investments Pty Ltd, the Company's largest shareholder for a further investment of $3m. The terms of this investment are being finalised and will be announced to the market in due course. ILC Investments Pty Ltd has stated that it will continue to support the Company financially in the absence of other investors. In addition, the Company is working with other parties who are considering an investment in the Company. While these discussions have been positive to date the Company cannot guarantee that these negotiations will result in a successful outcome.

Means another 100 million shares to be issued. Doesn't sound many when you say it quickly. They have to do it of course - no choice. Running total in issue will be approx 1.15 billion. I remember many here saying they would never need to issue this many shares - how wrong you all were. Still, the connection to grid finish line is getting ever closer which is good.

I look forward to your positive contribution here Bob. Looking at your posts, you seem to be the strong silent type. A different kind of boring actually.

Bradsmith - read my posts please before just posting links that mostly are not relevant.

KSE was a JV between Kalahari Energy (of which Sekaname is a subsidiary company) and a Turkish Group (I forget their name - it was so long ago) who partnered to build the Orapa 90MW power plant back in 2010 approx. The Turks had the construction expertise; KE had the gas supply and were the local partners needed to win the construction contract. Once built, KSE were granted the Plant Management contract for I think 5 years (might be less). Then the JV was terminated with KE about 2015 with KSE buying KE interest in the JV. KSE continued to manage the Orapa 90MW plant and still do as far as I know . There has been no business connection between KSE and KE since about 2015 - they fell out big time !!

KE or maybe KSE had a JV with Exxaro Resources to drill CBM wells over Sekaname licences. That JV also terminated about 2015 - probably in some way related to the KSE fallout - but that is only me speculating both events are somehow connected. Exxaro provided the money to pay for the drill campaign; Sekaname had a drill crew and their own rig back then and were responsible for the field work.

Some of those wells were drilled in the leases that Tlou now owns; the remainder are on leases still held by Sekaname (as far as I know - unless Sekaname has relinquished them in recent years).

There is a reason Ministry invited only 2 parties to respond to the 100MW gas to power tender in 2017 - that reason is because Tlou and Sekaname were the only CBM operators in Botswana with a local presence. You have always rubbished the history and efforts of Sekaname / KE in CBM experience in Botswana. And every time you do, you only confirm your complete ignorance of any actual knowledge of who KE are and what they have done to try establish CBM in-country.

Tlou have been the far more vocal and visible CBM promoter in recent years - that much i think we can all agree upon. And, as I have said recently before, I have no clue how KE are positioned presently, but if Tlou and Botala are making progress, then I would not be in the slightest bit surprised if KE were to soon reappear in your google search results. The market for gas in southern africa is big enough for these 3 operators, and more. So may i respectfully suggest you start looking forward to their collective progress, rather than endlessly trying to think you know more about CBM history in Botswana . You don't !!

Https://bte2.live.irmau.com/pdf/79be6727-3421-467d-89d0-0d4efe583dc7/Invitation-to-Webinar.pdf

This should be informative about CBM in Botswana given proximity to Tlou licences and similarity of projects

As said in my post:

Karoo Sustainable Energy has NO CURRENT CONNECTION TO Kalahari Energy. Previously, they were in a JV with the construction and early operation of Orapa power station. But that ended a few years after the power plant became operational - with KSE continuing to operate plant. (I dont know if they are still the current operators of this plant.......

Please take the time to both read and understand some of the details - rather than getting over-excited in trying to refute, mock and generally disparage other accurate sources of information. And as a general suggestion, perish the thought that a piece of journalism would ever contain factually incorrect details.

Contrary to as some mock here, I do not know everything about everyone in CBM in Botswana. Never did. But what I do know is this:

Karoo Sustainable Energy has no current connection to Kalahari Energy. Previously, they were in a JV with the construction and early operation of Orapa power station. But that ended a few years after the power plant became operational - with KSE continuing to operate plant. (I dont know if they are still the current operators of this plant, which consistently only operated on a partial basis for many years - main reason for that was to use up in-country diesel supplies before expiry date.)

I also know KSE responded to the Orapa 90MW tender for gas supply and operation several years back. Along with about 6 other parties. Only 3 of those submissions were accepted by Ministry of Mines back then. In keeping with Botswana Govt and MoM, having excited the power supply market with the tantalising carrot of a PPA that tender then proceeded to go absolutely nowhere. It still sits on someone's desk gathering dust.

What I also know is - Botala are in no way connected with Kalahari Energy. And never were, apart from Strata-X buying their current leases from Sekaname maybe 6-8 years ago.

What i also know is that Sekaname have not 'dropped out of' any race with Tlou or anyone else for that matter. They are still alive in Botswana. Whether they are 'well' or 'financially well', that is something I do not know. And I am not inclined to make any such assertions - unlike Bradsmith, who frequently makes such comments about 3rd parties. I think the words he used about one of my previous posts was 'criminally misleading post' - if he wants to use billy big b*ll*cks words about a subject matter, his starting point really should be that he knows something about his subject matter in the first instance.

As for Tlou having an agenda that can be measured - yes, that is certainly true. They have offered many different strategies over the years; as yet none of them have paid any dividend in Botswana after more than 10 years presence. When power generation looked like dying, they proffered crypto, hydrogen, orapa, solar, .... as alternatives. None of which are core to their stated strategy of Proof of concept of power generation using CBM as fuel feedstock.

Feedstock that comes from licences that Sekaname held long before Tlou did, and which Sekaname relinquished for whatever reason at that time.

More progress from Botala. Everyone in CBM needs to drill, so whilst is good they getting on with it, as we all know (and also Tlou management ) the hurdles of power generation and grid connection are still ahead. But good luck to them. I wonder if or when we are going to hear from Sekaname .....

https://bte2.live.irmau.com/pdf/d40c5bf0-cd92-4a21-b87f-6f82048fdceb/Commercial-Pilot-Programme-Update-Serowe33-Completed.pdf

You really are so far off the pace mate. BPOPF do 2 things with their investment monies. They manage the greater majority themselves inhouse; but as part of Govt desire to develop a local asset management industry, they allocate monies to local fund managers. One of whom is Vunani Fund Managers (they have undergone ownership and name changes in recent years).

The second largest shareholder in Tlou is: FNBB Nominees Re: Vunani BPOPF, 4.61% ownership of Tlou. Yes, it is BPOPF money invested in Tlou, but the investment decision in Tlou was made by fund managers employed by Vunani (and those before). Their client is BPOPF. This investment in Tlou is, like everyone here, well underwater and showing unrealised losses. I imagine both the Vunani fund managers and the BPOPF folks are not so impressed to date with this investment - but they are stuck with it. And time will tell if they are prepared to keeping topping up (ie dollar cost averaging down).

But the point of all this is - some people here seem to think BPOPF people will have background conversations with Ministry of Mines and or Govt people, along the lines of we must make Tlou Energy a success so that our pension fund money invested therein generates us a nice healthy return. Those of you thinking along these lines - sorry to say, but you are clueless. And if you think this is the ultimate saviour for your personal investment in Tlou - well if life was really this simple, we would all be George Soros types. And rich.

Let me see now - why would anyone be negative on Tlou. After all, they have created significant shareholder value over the past 15 years. Those who bought the 'dream' back then are living it up, drinking mohitos and smokin cubans. And they are busy in their self-congratulatory clique saying "We told ya so".

A really bright lucky bunch. Oh my.

Https://guardiansun.co.bw/business/jindal-africa-injects-us2b-in-botswana-power-plant/news

Or Jindal , who plan to sell 600MWs to BPC. I wonder how they will, or have, dealt with the payments terms in the PPA. You do know what a PPA is - right ? And how the payments terms should (not necessarily are) be dealt with between The Parties.

Gosh, aren't you the clever wag

I never really focused on the detail of that RNS, until now. This caught my eye:

'The aim of redrilling the Lesedi 4 wells is to provide straighter lateral sections compared to the original wells. The Lesedi 4 pod has flowed gas for a number of years and these straighter laterals are expected to assist with removing water from the reservoir to more efficiently dewater and flow gas.'

If they have flowed gas for years, and have been removing water for years - can this be right. If there has been all this gas, then surely they should have harvested it by collecting, condensing and storing for use somewhere or other. Otherwise what a waste of resource surely. And if not so much gas, then not a good outcome for a horizontal well.

This is not me wanting to promote a negative dialogue. Something in their words seems off to me.