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3 comments really caught my eye in the Final Results words:

1. There remain significant challenges ahead.

2. One of the final stages in the evaluation of Lesedi project is commencement of the 10MW gas to electricity operation.

3. The planned substation at Lesedi is currently designed for an initial 5MW of power. Based on current timetable the substations are expected to be completed around Q2 2024.

So they wont be delivering 10MW from early doors.

Struggling with deciding if your posts are serious or just messing Brad.

Botala say their 5-spot wells are being drilled 350m apart which makes the distance between the 4 corners (5th well in the centre of square) 560m x 560m. A 1.5km horizontal could be drilled in broadly similar area (give or take). Drilling horizontally at 500m or deeper through 6m thick seam - not much margin for error there then. Suspect that 6m is wrong metric however - but cannot confirm. More interesting for me is that Tlou want to drill horizontally and Botala are drilling vertically.

I heard from a guy in a 'Gabs boozer' that the Sekaname drill team are drilling for Botala (which I have not been able to confirm as yet). Take from that what you want; just spare me the insults about sharing my information.

Also, for what its worth, I like the story developing at Kavango Resources copper projects, have posted to that effect on that board. And I have put my money where my mouth is. I am not yet invested in Tlou - i dont yet see how they can get newsflow that will excite the market just yet.

37m of coals across 3 seams - Serowe and Upper Morupule and Lower Morupule but no details on the thickness of each seam or the depth they are located at.

What i know is that others (before PC ) started trying to get pozzolan accepted as flyash replacement before Sunrise got involved with their deposit(s). And that they are the ones driving the considerable effort needed to persuade cement and concrete companies to make the switch. That has cost them considerable time, effort and expense - and Sunrise is a follower in this regard; not a leader. But in saying that, PC has been doing his best to ensure Sunrise deposits are marketed and relevant as potential supply source. He might finally be winning, but for sure in the early days, he wasnt (because the other players deposits were bigger and basically better).

In summary, product substitution needs to accelerate (which I think it is) and keep watching efforts under IRA in this regard. That is where I think the major catalyst comes from.

Another announcement today from Botala - successfully drilled 2nd of planned 5-spot well. Must be vertical drilling given they talk about 3 coal seams intersected. Interesting they are drilling vertically with Tlou claiming horizontal wells the better approach - who is right i wonder. Maybe both are. With vertical wells, are Botala leaving themselves open to claims of fracking to activate the gas /water flows? Certainly that was a line taken by Tlou years back when responding to the 100MW RFP. Maybe there are new industry approaches to activate or stimulate the wells - anybody know?

But, for the avoidance of doubt, aother CBM operator spending exploration / proof of concept $$$ can only be good for CBM in Botswana ! Maybe the herd are starting to take notice here.

It takes a special type of person to continue year after year to keep checking messages on a chat board with the sole intention of posting nothing more than derogatory or negative or critical comments. This reminds me of a guy at work - he is a reasonably important oke in the office (ie senior and privileged ) but feeds nothing but negative energy into the mix. We long ago gave up trying to help him.

@Winni - if that is me you are referring to, you really should better understand what i posted.

Perhaps to help you - I have questioned why so many projects in Botswana in recent times have progressed slowly or stalled. Tlou is but one of a few i specifically mentioned.

This is all coming along rather nicely at moment. I am in.

They announced A$1.3m funding today to progress their Serowe CBM project. On company website is Sept presentation explaining their plans - slide 12 of 13 caught my eye. It all sounds remarkably similar to Tlou.

Botala are what was Strata-X and Pure Hydrogen. Their licences border Tlou and Sekaname so this announcement is good news for CBM in Botswana (ie CBM is not dead in the coals, just yet). I wonder who is drilling their wells.

No doubt about it !

KAV are intent on buying us prospective copper real estate then - 1.3m quid of the 4.6m coming from Purebond to be spent acquiring these 6 licences. Hard to know if this represents fair value - and no details from KAV or ENRG re how much historical spend thereon.

I think this is the start of a news and potential deals campaign - for that reason alone, maybe a good time to take a position here. Going to take a long time for all this to come to fruition but you got to start somewhere. And you got to have a plan.

You must be a UK politician then Clueless.

I see you are still fixated on getting everyone to agree with your view that TG is your 'superhero'. The market and Tlou management determine pricing of equity and options etc; not a chat board host.

You also say: the world has been moving 'heaven and earth to replace expensive and dirty diesel with gas containers'. Sorry again, but that is globally one really long slow burn - and Botswana are not at the forefront of this particular movement. Especially since they are a country with an abundance of fossil fuels which my sense is they have not taken great advantage of (diamonds mania has made the country lazy.

Then you mention risk - actually i wasnt sure I understood your point. You sounded like you were starting to give up hope on your 'superhero'........ Surely not?

I get the sense Brad you are not really open to others point of view whenever they dont align with yours. And you should be aware I know many of the 'boozers' in Gaborone and elsewhere in Botswana quite well myself. And I also have strong views on the inconsistency on the Govt and Ministry messaging to the wider international investment audience when their words are compared to the reality of life in Botswana. If anything, Tlou management were guilty (maybe not the right word) of framing their business opportunity as being relatively easy given the 'supportive' or 'low corruption' business environment. Unless you are a blue chip, global mining house with big balance sheet and ready access to funding, Botswana is a tricky place to get your business established. The 'locals' will ensure they take a long hard look at what you are trying to do with a view to seeing if they can supplant themselves by sabotaging your aims and claims.

But as I keep saying, it seems things are slowly getting better in Botswana thanks to having moved on from the almost closed borders era under last Pres Khama. A really dreadful man in so many ways.

Thanks Brad - as I said, i reasonably know the Tlou history and reasons for slow progress. Honestly i dont wish to engage here that keeps referencing back to this. What matters is my / our view on their chances to succeed ahead. And the fact TG succeeded twice in Australia (was discovery of gas, not development of gas field into power generation) really holds minor sway with me - it was 15 years ago and very different country and market and economic dynamics. And i also don't much care he said Botswana coals are the best he has seen - if they are, sing and dance about this and attract market interest since the opportunity is so huge it will take multiple players doing variety of gas uses to end markets.

Tlou has survived it seems - well done TG for ensuring this. But remember his song sheet was very different 5-7 years ago to what he sings nowadays. Now is a good cheap price to get invested of course - many maybe most here are invested at a price a few multiples of today's price. I want to figure out how much longer until operational and selling power to BPC. Probably 1 year in a normal project environment; probably longer given Botswana history on timelines.

What other factors could cause delay? Sub stations need to be build. Then connected to BPC grid at Serowe - might there be connectivity issues there to address. Once connected, then tested for how long? Tlou is injecting relatively small amount of power into the TL and there will be line losses. Any issues around this? Then Tlou become dependent on BPC paying for the power in accordance with PPA credit terms - I would bet a beer that BPC will reasonably quickly not honour those payment terms and start to stretch. I say this because i know for fact from contacts at established businesses in Botswana that BPC is badly strapped for cash, and regularly delays payments to pretty much all service providers, contractors etc.

Tlou has plenty of challenges ahead to overcome for sure. And maintaining cash is going to be always near top of the list.

Then again, lets be also optimistic. Tlou might complete TL and substations quickly, connect seamlessly and quickly ramp up from initial 2MW (or whatever it is) to 5MW ..... and then keep going to 'infinity and beyond'. With BPC so flush they can always pay on time. Good luck all - timing is everything.

Like I said Brad, i know a little about Sekaname / Kalahari Energy history. And reading below, you seem to be gearing yourself up to talking and rehashing everything you posted here in recent years. I cannot but think you are however talking in circles. And also you have history in wanting to always talk, whereas sometimes listening is a better trait.

Frankly, none of it matters. Tlou and CBM in Botswana is where it is now - and sadly that is very far behind where it really should be had there been support from Ministry etc. But it is what it is - and nobody here can change that. It is however a travesty, one among many, in recent years on the progression of Botswana economy.

I remember some posters here being impressed that Tlou management reduced their salaries in order to save cash. Yes that was an admirable gesture. However, I think it should also be measured against what was achieved in terms of project progress - and surely if everyone takes a few steps back here, they might realise amidst all the noise and detours (crypto, hydrogen, ....), Tlou progress was snail-like slow with management soon set to deliver only one thing - a proof of concept for less than 10MW power generation. This taking them at least 10 or more years and resulting in one billion shares issued (more required for sure) - for drilling, environmental progress, tender submissions and of course management salaries for how many years now ?? Whether at full whack or reduced whack - salary is still salary payments and therefore a cash outflow.

I remember thinking you (and others) were very one dimensional in your appreciation of Tlou and its progress. If I continue to engage and respond here, I am concerned it becomes all about you justifying your opinions on Tlou and Gilby. I think there has been enough of that over the past however many years; per above - it is about what is ahead for Tlou and investors. Not history of survival or (unkindly) failure.

Great find SafeT. There are so many clever investors these days thanks to Prof Google. I know you wont stop whingeing here so here is wishing you the best of luck ahead.

Pozzolan is endeavouring to replace fly-ash in the cement and concrete industries. Given their size and complexity, that is no easy task and also takes time. More time than PC perhaps thought initially - but thanks to the USA Inflation Reduction Act, this move or disruption will continue to accelerate imo. Trump stalled early progress thanks to his efforts to claim Burning Coal is Good (it isn't but it also isn't going to stop overnight either). There continues to be significant sources of flyash available, albeit reducing but still plentiful (Eco Materials Technologies, the old Borat, are rehabilitating old fly-ash dumps sadly so are a hybrid player; Geofortis are a pure pozzolan replacement supplier).

I think 2 things will continue here. First one, the cement /concrete industry will dictate the pace of pozzolan adoption and replacement (not this chat board). Second one, you will continue to moan about slow progress regardless of whatever happens. I guess you enjoy seeing who bites when you decide to 'go fishing'. Perhaps you could use your time more usefully to learn about Supply Chain Disruption factors - good luck.

Thank you Brad. I know who Sekaname are and some of their history. Some of what you say is correct and some is fantasy. I know that Sekaname had the greater majority of CBM exploration leases in Botswana, which they sold down over time (costly to retain and keep renewing leases every 2 years). Tlou and Botala/Pure Hydrogen/Strata-X leases were under Sekaname at one point in time.

As for anyone 'demanding' anything under a Botswana tender, that is pure fantasy. It was a tender for 100MW and both Tlou and Sekaname were invited to apply and both eventually were awarded what they bid for (Tlou an initial 2MW and Sekaname 97MW). What happened to Sekaname post covid - sorry but i have no idea on that but it does seem they have disappeared locally.

Https://guardiansun.co.bw/news/australian-company-to-mine-gas-near-serowe/news

So it seem the 'herd' is gearing up for Botswana gas. Good.