Member Info for BradSmith

Winni, of course improved gas flows matter on the CBM side of things. But can't you see that if we suddenly has fantastic gas flows this very day - enough for 500MW say - it would not alter anything except people's fear of failure on here!

We would still have to complete the tasks ahead of us now and since last March! Until the TX line is complete the only change would be Kala could bring in a host Data Centre equipment and power them up with no need for Solar.

I can see that is beyond Donkey's comprehension but surely you can see what I have getting at forever and a day!!!!

High gas flows would justify Kala throwing a fortune into doing what they are trying to do now with investors galore wanting to get on board. I'm sure TG sees it this way and until last March his funding issues forced the current slow but sure route on him. Kala seemed to open up a whle new world financially so he could sit back and relax! The gasis there, the finances sorted , and he can put his feet up at last. I hope that is the truth and he is benefitting healthwise.

An Orapa pipeline awaits his return when he is ready to resume.

Https://www.marketindex.com.au/asx/tou/announcements/quarterly-activities-report-2A1649671

Imho this explains the current situation without any drama. Colm's references to raising funds do not exclude Kala contributions at all and they are nailed on for me. Kala were very persistent to have got this far and a delay in the delivery of the two generators has been blown out of proportion. From March last year this partnership will be operational at tiny levels of power within probably 15 months. And then the expansion starts in earnest.

Solar initially , definitely 1MW , then TLOU has to decide on a further 4MW or another attempt to improve gas flows for CBM energy? One or the other that seems to be the compromise? The PPA being the target in either case.

BOTH is an option if Kala support the funding - and imho it is not ruled out at all!! Initially it looked that way but not now.

Got another AUD 90 dollars (£46) which was 9k shares!

This the minimum trade for AUD - in GBP it is £90 (both on IG, noo commission on either).

You do not need to bother about FX , IG do it for you , deposit £'s , buy with dollars.

Repeated a purchase of 37k shares from 12th Jan just now.

Price was $100 less at tonight's price of 1c

Rounded up to the next quarter of a million shares - and my average price is now below 1.5c or about a modern half penny.

If they drop further I will buy more. I can't imagine a better bet .... I really cannot see this project failing at this stage!

Doc's suspending the residual bit of his loan when Kala were hpeful of a delivery in Sept or October tells me he was saving TLOU 10% interest because I don't think our convertible loans will be diverted by loyal shareholder! Why dilute their many millions of shares???

And now ASX are concerned about TLOU's very existence in a few weeks , he has resurrected the original loan and promised a limited amount for future problems if they prevail!! Kala will cough up - they have invested too much to abandon Lesedi for no good reason imho!

The logic is so sound I don't understand why you are all panicking. I merely put myself in Colm's or Doc's position and conclude what I'd do - and I'd do the same as them apart from Colm's misleading news about gas flow work!

It was expected to be possible within a few weeks in the Autumn - I put it down to enthusuam on the partnership agreement!

I felt it too, and in the cold light of day , still enthuse about it.

And Solanke has got a goal back against Man City unless VAR rule it out? They have not!

Our exes are going well.

Wrong bell Donkey - unless you are into beautiful asses - which seems possible.

What is all this disappointment when you analyse it?

1. Kala has not come up with the interest free loans we expected.

2. That is probably partly due a knock on effect from the freight problems that cost a few months.

3. Had the Data Centre been up and running in September , they may have financed Poles and Wires etc in 2025.

4. As it is , it is February 2026. Funding by Easter holidays 2026, not Xmas 2025, may be the new plan?

5. September slid to December , so we lost a few months. Is that a total disaster? Not really?

6. As for TLOU , we have incurred costs for those months which may have fouled the ASX funding targets.

7. Doc has asserted that he will ensure TLOU are funded for a few months (the short term) - coincidentally the delay?

8. Kala funding is a major factor in the partnership - is this delay really so terrible?

9. The biggest disappointment is that TLOU lead us up the garden path on how much dewatering and drilling they were doing!

10. What an afternoon in the PL.

Dano Outarra won the game for 10-man Brentford just before half time away at Villa.

Antoine Semenyo has put Man City 2-0 away at Spurs.

Both recent signings from Cherries for around £100 million for the pair. Dango suring summer, Antoine in the January window. And Cherries won away at Wolves 2-0 yesterday. 2026 is going to be a great year for me I think. We just need to hear good news from Kala to keep it on track. I have good reasons for being optimistic.

You can envisage a Civil War and Ian K becoming president and nationalising TLOU , but you cannot see that unblocking a channel and leaving it unused for years might lead to another blockage during those years?

I saw the positions of Selemo and Lesedi earlier with a 50km indicator on it. They appear to be 20-30km from each other so Lesedi is getting no help from elsewhere.

As for horizontal drilling, Tlou inherited a vertical well at Selemo but added horizontal drills.

https://announcements.asx.com.au/asxpdf/20140501/pdf/42pcj2c4d9nzbd.pdf

shows the distances from Lesedi to other wells. Fairly remote for dewatering purposes.

Sharing one drill between both sites must have been a pain. It moved back and forth several times to clear silt in the horizontal channels and do more drilling. My hope was for more drills at Lesedi to speed things up. I thought Kala would be insistent on it , but who knows?

Selemo 580 metres deep, Lesedi 589 metres deep. 30 foot (9m of water conceivably?).

Lesedi seam 6m deep, Selemo not found. Lower seams likely to similar depth, but Selemo had another seam at around 150m I think. Too tired to investigate

You are so blind Bots!

If we saw Usain Bolt sunning himself in a deck chair , and I said that is the fastest athlete that ever lived, you'd call me an idiot becuase he was lying motionless? Tlou are in the deck chair , unmotivated to spend all their money on gas flows that CANNOYT BE USED until they've lain dormant for an unspecified period. In that time they could silt up again - they are the sleeping Usain Bolt.

Once the gas released will bring in an income , TLOU will have the incentive to increase the gas flows - why can nobody realise that???? Are you all seriously happy to flow gas to bigger flares that are polutting the atmosphere and deleting the amount of gas in the reserves????

Management were not disingenuous at all. The plans have been delayed , and during the delay we have moved from being a calor gas company, to a CBM power producer , and on to an AI partner. Adding new things tothe previous target and financing them with sfa money coming in!

Hydrogen is on the cards as well if somebody finds a way to convert CBM to Hydrogen that is Green!

Little has changed over the years , all but the Hydrogen remain feasible afaics , and theoretically we are funded forever. Our problem is the start date for interest free funding. A couple of months will possibly be enough to get the answer.

A high percentage of start-ups fail - Donkey followed the odds - and world events conspired against TLOU. How TG survived them I will never know - but survive we have - and if Kala honour their agreement this will be winner.

With all the seaching I have done , the word BASIN for the location bothers me? Is it possible that we are mining the lowest point in the seam, where all the water gathers? Was Selemo a bit higher so the water shelf was below the wells?

Just a thought! On the map Selemo does not look that far from Lesedi but in africa the scale might be misleading.

Like the Beatles once sang ... "It won't be long" ..... before we get news from Kala.

It should contain how well the first Kala unit is performing with power from generator 1 , and how generator 2 is going to be deployed. That is a big one! If it is earmarked for TLOU to produce site electricity and power to get the TX line approved by BPC then Kala backing for finishing off the connection to the grid would appear to be essential???

The alternative is for them to back dewatering/channel clearance so they can use both generators to get the Data centre running? Heaven forbid it is the latter - which seems to have the backing of most of this board?

For me it signals the end of the partnership , and imho there is little or no chance of it happening.

Generator 2 was always going to be TLOU's responsibility. Their sorry lack of funds is not enough for Kala to revoke the funding they signed up to. I suspect Kala knew 100% where TLOU were - Kala could hardly fail to notice how dependent we are on them for funding.

The difference may lay between their plans for Solar. Kala want 1MW and TLOU prefer 5MW. Clearly that buys them time to get gas flows up whilst the PPA receives up to 4MW of Solar for starters. Always planned to be 2MW or 3MW , rising to 10MW.

I that is dreaming , I expect dreams to come true but how much of it will be from TLOU's own resources and how much from Kala? Doc is anxious to keep TLOU solvent for a short time - I expect the time for Kala to make this happen?

Is anybody connected with this Project sure of there it is going? I think not! But I am used to going out on a limb on my own, and I am usually correct. We are all blind to Kala's strengths and weaknesses but their partnership agreement looks strong to me.

There was a one off RNS in which TLOU said they'd give statistics but would not do it again!! I wonder is they gave the gas flows for Lesedi. I saw the results for Selemo and it was 345k cu ft at CDP.

I think that may be more than Lesedi is producing. The ASX announcements cover 2009 to ASX IPO to current day.

I find that site difficult to navigate so using Power Query might be too tricky to find them all.

What I did find was that Selemo ws drilled and dewatered in June 2014 , and then Lesedi got the use of the drill , but it had to be returned to Selemo after there was problem. And it took until 2017 to produce first power. Selemo produced site energy and was to be complemented by Lesedi - I think both may have been saving diesel costs on site from that time.

Without all the delays the plusses are still there. Those delays have wasted such a lot of our funds.

I still don't see the need to improve gas flows where there is nowhere to put the gas.

The gas has to go somewhere so it can be measured , where, flares? What a waste!

Only when there is an outlet can we be sure the channels are being kept clear.

Until the generators are being fed we have to wait. And even then there is a problem!

Where does the energy from the generators go????? Batteries?

We need Serowe connected. Until then the Data Centre and site demands are the only available outlets.

Surely Kala comprehend that - and they'll want more gas for the Data Centre too if they have any ambition.

We'd have been live if we'd stuck to bottling gas. The PPA and Seka hoax bid put paid to that , first on the delay of up to 2 years and loss of momentum, and then the decision to build a 100km tx line. We'll have wasted yet another year and more if Kala do not live up to their interest free loan offers. Why would Tlou pay 10% interest when interest free is available? But is it? That is the trillion pula question. Kala need Tlou's resources , land, gas and sun one way or the other. The other worries me.

The debts Bots quotes are to two of our most loyal 3 shareholders who have a lot more to gain by TLOU success from their shareholdings than they risk losing to those debts. All the directors but for GG have accepted salary cuts or resigned which I put down to goodwill to keep Tlou solvent. Afaik, Doc is not on the payroll at all and does the Chairman's role for free.

I honestly don't think the Pension Fund or the Doc will call in those debts unless we fold up. I imagine their convertible debt will be repaid ahead of rescue bids for normal shareholders. But where will any money come from?

Hostile takeovers have worried me for years. Fortunately we are under the radar but who would not want to buy assets of $82 millions for less than $13 million? Doc only needs 60% of that , but a Doc + TG + Pension fund conglomerate would leave them with very little to find if they convert their debts into shares. Maybe financial law forbids that but Bots thoughts on Seka or Kalahari Energy and Botala is possible.

Kala Data name has been blackened in this but they are on course with , hopefully , lods of funding behind them. It is very possible that Kala Data (was that name connected to the desert or is it Hebrew for something else in UAEwhere Kala has common usage all over the place) will act as we expected and help Doc get the PPA on the wires?

MM feared a Kala takeover before we knew who the crypto company were.

My thoughts were that they would not want to enter the ring on CBM extraction and were more than happy for TG to partner them. Does modern day Tlou command that respect now? They cannt even keep the website up to date, and those disappearing announcements that I definitely read are a real mystery. I wonder if new announcements used the same filename as the ones I saw, and overwrote the original unintentionally. That could explain it.

Or maybe ASX filing only allows preset filenames and there can only be one version. Hence oddball websites might have multiple versions just to confuse the hell out of me?

I'm going to merge Sqlite into Power Query because it is so fast. The downside is I'll only have my personal posts to search so I'll need to mentioned the url of these missing files to standa chance. Keeps my brain active to stave off dementia if the medics are right on that??

They are not mentioning #6 or the second generator Winni.

Is that good or bad news for either or both?

Kala are making headway on their side. #4 gas and 1MW of solar seem lined up.

Tlou are talking about 5MW of Solar so there is would be 4MW for the PPA , with the possibility of #6 and the second generator to precede or , less likely, to follow?

Kala presumably have the funds for their plans , but how much do they have for the PPA?

Doc has shown willing to keep the PPA alive, that may be enough commitment to persuade Kala to fund a small part now.

Years ago I overran on a one man project on a weekly rate of pay.

An agency was sat between me and the customer so the agent was called in for a meeting.

He put it to me that the customer wanted me to complete the work for free. He also said my reputation as a freelancer would be in tatters if I declined. We met up with the financial director and as soon as I had started to accept to stay for free, he cut me off! He thanked me, and said that was enough , he'd continue to pay me , albeit at a lower rate which was still fairly handsome compared to permanent salaries at that time.

I'd like to think Kala want to see a sign that Tlou are willing to fund their own future and not depend on them as a cash cow.

https://africanfinancials.com/document/bw-tlou-2026-ir-q2/

suggests a few positives on that front.

Tlou are clearly advanced from where they were when the sp was sensible. And the 1c closing price is so worth a punt.

New investors are needed but we cannot have a placing based on 1c - the dilution would be catastrophic.

On the 27th January , Colm reiterated that #4 and #6

"The Lesedi 4 and Lesedi 6 wells have been in production for several years, producing gas and water.

Dewatering the coal seam has been an ongoing issue as the wells are the only producers in the area."

I had high hopes for #6 and given np's forecast of Kala profits it is up to Tlou to get the sp moving on the PPA returns.

Just getting the lines accepted and adopted should stir the pot and attract new investors. New for old investors would improve the chatrooms as long as it is existing shares changing hands.

The final line is a lesson - I reckon interims are what I'm seeing and and not finding, well done Winni.

VIEWED url title

2024-04-06 06:30:45 https://www.londonstockexchange.com/news-article/TLOU/interim-results/16367823Interim Results - 07:00:05 08 Mar 2024 - TLOU News article | London Stock Exchange

2 2024-05-22 13:03:14 https://uk.advfn.com/stock-market/london/tlou-energy-TLOU/share-news/Tlou-Energy-Ltd-Interim-Results-and-Convertible-No/87430768 Tlou Energy Ltd Interim Results and Convertible Note update (3457D) - ADVFN

3 2025-05-23 06:43:00 https://www.tipranks.com/news/company-announcements/leadership-change-at-tlou-energy-interim-managing-director-appointed Leadership Change at Tlou Energy: Interim Managing Director Appointed - TipRanks.com

4 2026-01-27 08:55:39 https://africanfinancials.com/document/bw-tlou-2026-ir-q2/

"Access to Company Interim Reports

General Availability

Company interim reports are typically made available on the company's official website and may also be found on financial news platforms or stock exchange websites. These reports provide insights into a company's financial performance over a specific period, usually covering six months.

Deletion Policies

Retention Period: Companies often retain interim reports on their websites for a limited time. While there is no universal rule, many companies keep these reports accessible for at least five years.

Archiving: After the retention period, companies may remove older reports from their websites. However, they might still be accessible through financial databases or archives.

Recommendations for Access

Check Company Websites: For the most current reports, visit the investor relations section of the company's website.

Financial Databases: Use financial databases or services that archive company filings for historical data.

Regulatory Filings: In some jurisdictions, companies are required to file interim reports with regulatory bodies, which may keep these documents available for public access.

If you need specific interim reports, it's advisable to download them while they are still available online."

Cheers Winni, any help is welcome.

I have resorted to using sqlite to find where I have viewed expecting to see a link between midnight and 3:30am but found nothing. Is sqlite you select the database you want to search once and then you can search it!!!! ??????

No you can't! Selecting the database takes a copy of it there and then - so for several days my database has not been updated with new searches. Quite useful 99% of thetime - stops you seeing stuff that was entered recently that cannot be the link you want! But in my case I was ignoring posts from 27th onwards. Taken me ages to realise that.

But the unix date and time took me ages to decipher and I think my problem lies in the fact there is nothingbefore 9am?

I'll concentrate on the word 'interim' for a while and times in the wee hours when I think I read it.

SELECT datetime(last_visit_date/power(10,6) , 'unixepoch') AS VIEWED,title FROM moz_places where VIEWED like '2026-01-2_ %' and url like '%pdf'

VIEWED title

1 2026-01-25 16:02:39 Tlou Energy Limited - Binding-HOA-with-Kala-Data-Final.pdf

2 2026-01-28 18:52:06 2025-04-02-Tlou-Energy-Presentation-Final.pdf

3 2026-01-28 18:36:57 Kala_Update2025Mar.pdf

4 2026-01-28 17:52:16 Tlou-Energy-Limited-Annual-Report-2025.pdf

5 2026-01-28 13:24:01 Tlou Energy Limited - Q2-2025-Operations-Report.pdf

6 2026-01-29 09:08:57 TLO_AR2016_LG - 2016-TE-Annual-Report.pdf

7 2026-01-28 11:09:56 5801.pdf

8 2026-01-25 19:20:05 Data-Centre-Nearing-First-Revenue.pdf

9 2026-01-25 16:08:37 510bbe1f-4655-11f0-bbb9-de7c14f3d575.pdf

10 2026-01-26 10:53:04 02949124.pdf

11 2026-01-28 18:31:50 a6975d6e-9da0-11f0-8d3d-ee6cbadfafe7.pdf

12 2026-01-28 18:25:48 Microsoft Word - 210603 Mrs Linah Mohohlo - ASX AIM.docx - 2030.pdf

13 2026-01-28 18:26:34 6506.pdf

14 2026-01-28 13:26:19 Q4-Operations-Report-2024.pdf at DuckDuckGo

Https://www.marketindex.com.au/asx/tou/announcements/statement-of-solvency-and-funding-update-2A1649980

shows the Doc is still the new messiah in the short term. I suspect short term means the period from Jan 1st to the Kala first batch of loans in cash rather than words. Otherwise we are back on the skelter-helter (uphill) struggle to find funding from the Pension fund and estranged shareholders amongst whom there might be a few who still keep faith in the Company.

Last night I saw a Chairman's report , from the Doc, for year ending 31st Dec 2025.

I cannot find it again - not sure if it was on Firefox or Hot Copper which does not help.

The summary I found showed two RNS which were the solvency one which is easy to find , and Annual Report to Dec 31st which seems to have disappeared like Colm's report telling me it was one generator each of TLOU and Kala and 6 were being ordered in total.

Current spread 1.1c to 1.2c at 1:29 (up to a 20m delay).

I don’t have an issue over dewatering. We were told first one could be a month but could be up to 3 years or more.

We dewatered Selemo after a couple months which was a false impression for Lesedi. How many years did pour predecessors spend on Selemo, uninterrupted by lockdowns! A return to Selemo might be the answer for Kala if it remains dewatered. They would need to pay royalties but they say Lesedi is below the price of. any other gas suppliers, 3% or 12% was the figure for raw gas and for nett profits. Worth avoiding for a CBM start up but peanuts to a crypto miner maybe.

Extending Selemo might help Lesedi if they are not too distant from each other.

As to #4 being mentioned - That suggest to me that they were too idle to add #6 to the text, OR they have agreed Kala will get #4. whilst Tlou will get #6?

It is pathetic that we are not 100% clear on such matters!

Our pages are so off topic because they tell us nothing that we can discuss properly!! We are all guessing, and the optimists are probably wrong on every count? Sad?

The site looks well cared for so one day we have a chance to be proud. Until the Kala funding is spelled out in cash terms not words, that is a small encouragement?

Oh, I am pretty sure Kala paid upfront for both delivered generators - I still expect them to be one each per partner.

Fingers crossed Kala will be announcing their progress before too long and good news will present itself?

We drove passed Heathrow runway yonks ago and there was maybe 50cars parked on a grass verge facing the runway!

We stopped and looked andin a taxiing queue there was Concorde! We parked, and watched the 747's ahead of Concorde take off. Then end of the runway was may 1/4 mile to the left, and when the 747's reached us the noise was incredibly loud!

They used a lot of the runway to take off.

Then Concorde was on poll , and it was a noisy on poll as the 747 was level and beyond us to the right!!!

It was airborne halfway down the runway!

Then a Police car arrived and they ordered off the verge. Not than we'd have stayed anyways!