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My bank only goes back 7 years and her pension was 64% of mine so over the 60%!
Was that their way of catching up on earlier underpayments and her premature death predated the break even point? What are the odds that if I claim they'll then discover she was overpaid??
I wonder if the paper statements in old filing boxes I have not opened in years will have some from earlier years?
The wind has dropped and my sails are just hanging by a thread I think.
Was amazed to hear from DWP yesterday regarding my late missus since Sept 2018 - over 5 years ago.
From my 65th birthday it seems that her pension was underpaid and I am due an unspecified amount in back pension from then to Sept 2018.
She was entitled to a minimum pension of 60% of the value of mine and they are offering me the short fall from 2012 to 2018.
Here is what I found .... they clearly found me. I don't know any figures for her or my pension from their correspondence but fingers crossed it will be worth sending in their stamped addressed envelope.
"Married women who reached state pension age pre-April 2016 and get
less than 60% of their husband's basic state pension are entitled to a
boost up to that 60% figure. This is about the basic state pension
amount, which for 2023/24 is a maximum of £156.20 a week, so if your
husband gets more than this amount in top-ups, don't factor this in.
Before March 2021, this group had to claim the increase, but the DWP
is now working its way through pension records to find people who've
been underpaid.
Can I backdate my claim? If you've missed out due to a computer error,
you can get backdated payments all the way back to your husband's 65th
birthday (or to when you reached state pension age if this is later).
This can be £1,000+ a year, and backdated payouts of about £10,000 are
not unusual."
Well done Bots - I think you must have opened this thread which has run for ages!
Free now looks very well informed. I doubt very much whether you are invested in Seka though.
They have not floated imho and are still on the bottom of the sea/ocean/cess pit as a private company.
Parent company KEB might not be able to join any respectable exchanges which should make it impossible for Sekaname too.
Free is now benefitting our TLOU community? If you are still touting the LPG and CNG route it shows how out of date you are. Imho TLOU got hold of Selemo because it was abandoned by whoever had it before - those cowboys used vertical wells and never expected TLOU to switch to horizontal wells to produce gas with a couple of months. They tried to insure themselves (against TLOU succeeding where they failed) by including royalties on TLOU sales of gas and/or electricity. I guess they believed Donley on ADVFN who swore blind horizontal well were too expensive!!!
Multiple 4000 feet verticals or a couple of 4000+ feet verticals and a few hundred feet horizontals following a narrowish seam? To my mind it is the difference between aircraft and buses!
A vertical well is an airport , a horizontal well is a series of bus stops! If you want to go from Elephant and Castle to Moorgate which one would you choose? The airport of course they'd be at the ends of the runway so who needs a plane that does not take off - like sekaname!
The other analogy that "springs" to mind is having the old water pump in the village square (a vertical well) or having mains water along the streets feedind homes off the street? It is a no brainer and I bet KEB/Seka won't be sticking to multiple vertical wells which at best produce a source of gas is being fed from a finite section of coal which wil lhave a limited life before it ceases! Horizontal wells have contact with up to 200 yards of coal seam!
Loads of points where gas might escape. If some dry up others might replace them? Do you get the message yet Donkey? We all understood this 8 years ago!
HB, you'd think that someone who experiences rejection on multiple sites under multiple names would wise up but he does not. He spent years crowing about Sekaname's 97% versus TLOU's 3% of the 100Mw as if it mattered to anybody on here! TG never wanted to commit to future prices and wanted the smallest commitment he could get away with.
And now BPC are happy with 2Mw, up to 10Mw , and onwards to 25+Mw from TLOU!
And Sekaname have dropped 91Mw on a whimsical 6Mw.
We know Sekaname represents KE , and KE are boasting they are the ONLY CBM ONLY Company in Botswana!
And that remains on the record despite them having a deal with a would-be Hydrogen rival to would-be SM that we have a partnership with.
What would he be saying about the TLOU management if we'd agreed 97MW and reduced it to a fanciful 6Mw???
He has been saying it anyway 0 not a good word for TG on anything! Including his 1.1Bn and 3.5Bn AUD sell-offs at Arrow and Sunshine which were the opposite of loss makers changing to success if you believe his twaddle!
We are into 2024 - the milestone year - not long before we see how valuable TLOU is once the Serowe link is operational. But if it drags into 2025 where will his beloved KE be by then?
Cannot imagine what brought that on, HB , but I hope you don't do Snow White either :0)
Donk does dopey imho. And does it very well!
But my favourite at the moment has to be Doc?
And my favourite Cherry is Senesi (sneezy).
He is 100% filtered this time so I have not read a word of his.
If you analyse his opinions they all come from a KE perspective!
1. He thought we'd deliver LNG not GAS to Orapa! KE were on the LNG route and still talk about it.
2. Vertical drills are what let down TLOU predecessors at Selemo - horizontal drills dewatered it for us in no time.
3. KE needed a PPA for a high MW , not TLOU!
4. Ex-presidents families matter to KE , but not to TLOU!
5. Sekaname never existed until the 2010's contrary to Donk;s statements and etc etc
Cannot imagine what Bots is claiming for this bunch of cowboys and Sekaname's PPA for 6MW ....
"Detailed documents, including the company’s minutes and share registers seen by the INK Centre for Investigative Journalism, show Kalahari Energy’s heavy reliance on tax havens and fiduciary agents that have been accused of assisting discredited individuals and companies hide funds in tax havens. According to email exchanges, Mossack Fonseca handled Kalahari Energy’s accounts and registrations in Panama and the British Virgin Islands. Leaked documents show that though registered in British Virgin Islands, the company’s secretaries and accountants, Cannon Asset Management Limited, are registered in Guernsey, another well-known tax haven.
By 26 July 2015, 23 companies and people using Botswana passports had invested in Kalahari Energy. The most prominent investor is Pula Capital, a company owned by Kagiso Thomas Mmusi and Louisa Lodovica Mmusi. Kagiso Mmusi is the former deputy treasurer of the Botswana Democratic Party and the son of the late Botswana vice president Peter Mmusi. Mmusi has refused to answer question as to whether as a shareholder he was aware of the dealings between Kalahari Energy and Mossack Fonseca."
Shady or what?
I found this little gem about TG's involvement at Sunshine Gas ...
"Mr Gilby has over 30 years experience in the oil and gas industry. He is a founding director of Tlou Energy Limited. Tony began his career working as a well site geologist for Delhi Petroleum in the Cooper Basin. He subsequently joined ESSO Australia. His roles with ESSO included exploration geology, geophysics, petrophysics and a period of time working in the Exxon Production Research Centre in Houston studying the seismic application of sequence stratigraphy. On his return to Australia, he continued to work with ESSO in a New Ventures capacity working on a variety of projects prior to relocating to Brisbane where he worked for MIM Petroleum and the Louisiana Land and Exploration Company (LL&E)."
AND THIS IS THE INTERESTING BIT - 12 YEARS AT SUNSHINE BEFORE SELLING UP
"In 1996, he left LL&E to take on a consulting role as well as the acquisition of prospective Queensland acreage in a private capacity. This work culminated with the founding of Sunshine Gas Limited where he remained Managing Director until its sale in late 2008."
TG LOST NO TIME AT ARROW BECAUSE THUS WAS IN 2008 AT ARROW .....
"□ https://www.ft.com > content > 9b4ac8a5-0655-34c6-9d42-463cf184d0b1
Shell, PetroChina and Arrow: the next big resources ...
The latest is a $3.4bn joint offer by Royal Dutch Shell and PetroChina for Australia's Arrow Energy. Arrow announced on Monday it had received an indicative proposal worth A$4.45 a share in...
□ https://www.ft.com > content > f2b9dea5-ce88-39b3-b90b-6ac46335873a
Shell, PetroChina offer $3bn for Arrow | Financial Ti...
Royal Dutch Shell and PetroChina have made a joint offer thought to be worth at least A$3.7bn ($3.4bn) for Arrow Energy, which holds Australia's biggest coal-seam gas acreage. Arrow said on...
https://energycentral.com > c > ec > shell-petrochina-and-arrow-next-reso...
Shell, PetroChina and Arrow: the next resource grab
The FT has an article on a joint Shell / Chinese takeover bid for Queensland CSG producer Arrow Energy (I was pleased to see they included a link to my old coal seam gas post..."
Anybody with an FT subscription??? Links need one this was just the summary.
Over A$4 a share compares well with our 3c share price?
And 3.5bn suggests roughly a billion shares bought?
And that was 2008 too!
Looking on the bright side, we are absorbing the costs of the TX lines until BPC sign them off and take responsibility, and then we hope to receive some revenues. Those revenues should include recompense towards our cost in installing the TX lines. I hope BPC seriously consider the phrase "time is money" because we have used a lot of that. It is paid through the unit price so no lump sums afaik. But we get that increase for the life of the project? BPC are unlikely to have squared us up for TX1 before TX2 is needed which is not ideal. Will TG want to cash in before that point?
Winni , do you know how much influence the Govt have over the Pension Fund investments?
None through 100% seem equally likely? Did the Govt order the PF to invest at 11p equivalent and then regretted doing it? Or did the PF think they were onto a good thing and regretted how much they put in at such a high sp?
We pledged $3m to SM when they tried to float. I hope that pledge has lapsed.
I am struggling to find a reason for a bung that would make much difference.
We have all the permissions we require according to our directors.
There is the withholding of future permits by Lefoko which is a worry because Donkey reckoned they did not apply to us. Financing our builds would be great but the Govt cannot risk claims of corruption if they don't fund everyone and look to be favouring the bungers?
Tlou's whole world is sat on it's hands waiting for the final bits of the Tx to be finished and then it will be all hands to the pumps to optimise gas flows for new Lesedi generators. I am frightened to look at the targets for the placing in case we are short on our critical path. There has been a few million in the coffers for a while so hopefully it is not dire yet. Some of out potential creditors might want a few spare shares left over from the placing. And there was talk of UK being tapped up - those sophisticated shareholders again perhaps?
You may be right Free. I suspect he will not want to start again from scratch elsewhere and retirement may be equally unattractive for someone with his lifestyle and history. If the DOC ends up as CEO and MD he is likely to want TG's experience on hand for his Oil and Gas nous and a part-time role in semi-retirement may suit Tony.
Thinking about it the board have kept their private lives very quiet? TG could be a mountain climber and scratch golfer for all I know. If we have a celebration one day I hope he'll join us.
Free from the subject line it looks like the filtered one is going to try and brainwash you. Don't get dragged in like I have been for years. I was the 21st century Henry VIII (defender of the faith) trying to stop the idiot from clouding potential new investor's minds with talk of the wrong type of methane, TG was not to be trusted , Civil war on the horizon etc etc etc - all bollux! Imho 2024 will become the watershed , TG will complete the TX line and only then will he concentrate on maximimising gas flows to new generators. Before that higher flows will merely create bigger flares that heat amd maybe pollute the atmosphere in the Lesedi are.
The Govt are not pressuring TLOU because they understand the above and know TLOU are going for lower power output to start with and will then escalate flows and power output with their earnings from the early production. 25MW+ is not that significant compared to the imports and exisiting coal fired generation.
I feel that Free is right - and the exponential growth from 2Mw to 10Mw and then up to the TX line maximum of 25+MW will be rapid compared to what we have seen. There is a possibility that TG's intentions are to sell out at that stage and allow the buyer to build the next TX lines and turn TLOU into the major force we all hope for.
I hope not, I still fancy seeing TLOU as a Solar, CBM , and Hydrogen power supplier. KE are following us and have an alternative Hydrogen dreamer to SM! I hope I live long enough to see one of the partnerships succeed.
The sp of the winner will go through the roof!
Our buyer could be the government of course. A nationalised CBM/Solar/Hydrogen industry employing locals and exporting energy will surely appeal to those who do not like the country being dependent upon diamonds and tourism.
Blue cards for a new sin bin in football is a step forward. Two soft yellows = red is often ridiculous.
I am back in the real world!
For the the first time ever he is supporting the green mission that TG is on.
I have absolutely no urge to unfilter him at all.
He can do his worst and cannot lower the price or the expectation on here.
I have tried to find evidence that TLOU's predecessors took Donkey's advice. i.e. Vertical wells that TG rejected unless they had horizontal wells feeding them. I am pretty sure he did and this RNS seems to suggest TLOU added the horizontal drill to form Selemo 1, 2 and 4 - all 3 with a horizontal well ! 2 and 4 helped with dewatering and Selemo 1 was productive! Only a fraction of the flared gas was then tapped into a generator to produce the onsite electricity?
"Thursday, 25 February 2016 10:45
(Ecofin Agency) - Tlou Energy has announced the startup of gas testing program from the Selemo 1 pilot well in Botswana. The well which is situated at the company’s Lesedi CBM Project has commenced gas testing with the aim of providing proof of a workable gas production rate attainable from the field and develop the first wells flowing commercial rates of gas in the country.
With the gas testing in progress and the two new wells on each side of Selemo 1 are positively guarding water from the central and main producing well. Initial outcomes at the Selemo 1 well have been reassuring having accomplished long periods of constant gas flow in line with expectations and maintained estimated flows. Incremental pressure drops are currently being performed and the data will be integrated into field development plans, as part of current off-take agreement discussions and towards the first independent gas reserve authorization in Botswana."
29th July 2016 https://announcements.asx.com.au/asxpdf/20160729/pdf/438x86xg00mv0t.pdf
" June 21, 2017
Tlou Energy, a company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), is pleased to announce that it has generated its first power from CBM at its field in Botswana following the installation of a Gas Generator at the Selemo project area. The Company has the most advanced CBM project in Botswana, the Lesedi Project, and already benefits from significant, independently certified Contingent Gas Resources of 3.2 trillion cubic feet (3C) and independently certified Gas Reserves. Tlou has been producing gas at Selemo for approximately 12 months.
• First power generation from Tlou’s CBM gas field & first power generation from CBM in Botswana.
• Significant milestone – provides evidence of the ability to generate power from Tlou’s gas.
• Use of CBM gas will reduce the Company’s spend on diesel,
• CBM gas is cleaner than coal fired power. The Cummins G8.3 generator can supply up to 60 kVA of power and has been customised to run on a small portion of the gas currently being produced at the Selemo pilot which would otherwise be flared. (Source and image: Tlou Energy)"
I know Donkey has invented a false history for Sekaname and denied my 100% claim that KE created it purely to obscure their attempt to become a preferred bidder! As a dodgy South American company with shady connections to Ecuador that looked like a potential impedance if it went mainstream , the opened an office in Botswana under the name Sekaname logo to give the appearance of a local company that the Govt would welcome.
Donkey has tried to claim Sekaname is not KE in disguise and evidence is difficult to retrace e.g. KE insisted on a large order for electricity or they'd withdraw from the process. Hence that 100Mw offer that TG did not want - he did not want to commit TLOU to 201? prices with rises likely by 'go-live' day!
Imho KE needed the guaranteed order (100MW was enough) to raise funds for a much larger operation than TG planned for starters.
I did find this today, clearly defining Sekaname's role (final sentence). They are a mouth piece for the South Americans. KE withdrew once they got the 100MW included in the process and had set up Sekaname. Hence the 2 preferred bidders - why would they want to be presented twice?
"About Kalahari Energy (Botswana) Limited
Kalahari Energy (Botswana) Limited (“KEB”), is a gas exploration and energy development group of companies based in Gaborone, Botswana specialising in the extraction of Coal Bed Methane (“CBM”) from coal. As part of its business portfolio, Kalahari Energy (Botswana) Limited possesses a number of coalbed methane prospecting licences and permits in Botswana along the eastern side of the Kalahari Karoo Basin. A significant recoverable base of CBM has been identified during exploration and evaluation activities and confirmed by independent feasibility studies. Sekaname (Proprietary) Limited is a wholly owned subsidiary of KEB that holds its Coal Bed Methane gas licenses."
Royalties for Selemo are possibly due to KE , but Selemo was started by a partnership and is a bit vague. Could the royalties be transferred to Seka? I doubt there any royalties due anyway but I am not certain of that. And why isn't all this history readily available?
Watching a boring 0-0 between Plymouth and Leeds , two places I lived in after I left home.
It dawned on where the filtered one was coming from!
As a Sekaname supporter of course the 100Mw was a proof of concept for him!
Sekaname failed the RFQ and therefore their proff of concept test! TLOU were being governed by TG who have proved the concept at all 3 of his CBM to Electricity ventures and it was a case of when not if he succeeded!
Enough on this .... and back to the boring 0-0!
Should there be PROOF that they do have adequate resources? Where is concept?
TLOU ere awarded 2Mw or 3MW of the 100Mw and Sekaname disappeared off the horizon?
How was that 100Mw a factor in the concept???
Where is the 100Mw now? What use is 10Mw in the concept?
I am going to filter you because I have always had a reputation for not suffering fools lightly.
It is not an accurate view - but fools who keep making the same mistake definitely do rile me.
And you are the biggest clown I think I have ever engaged with.
How can any grown man confuse thiese words as you have?
"Some of you are saying we have more than an abundance of gas, CBM. From other quarters we hear that those have not been proven." It is self explanatory so if you don't understand that there is no hope for you!
Https://www.mipueblonatal.com/images/mummy-photos.jpg
Do not change the subject ...... Proof of Concept? Why should I not love TG? Why would we have stayed at Selemo (a site selected by our predecessors)? Why would we want to pay royalties if they can be moderated? My £300 pm account now holds more than a million shares @ average of 2.3p and has saved me custodial charges of £24 per quarter. Those £24's have bought me shares instead of leaving me short.
You were a PPA supporter - I never was (selling power was never going to be hard) - Moagi gave us one (so to speak) imho to bring good news amongst lockdown disappointments etc. It was hardly sensible but he meant well.
We need time to see the truth about his conduct - part of which is expectancy of TLOU's joining the grid this year. It will be historic and set an example for the Canadians and Govt to follow perhaps. Moagi is still the Minister so their cabinet is more on his side than your newspapers.