Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Guess what BOTS, 1% of the Gw that the article mentions for CBM is precisely our PPA for 10Mw.
It suggests he is being realistic imho , our progress to date has been on the back of a company which has no income and a desire to keep dilution to the minimum necessary.
He has not or cannot estimate the exponential growth in production one the TX line is functional and we have the abilty to deliver electricity sales. He credits us with 10Mw by 2030 which is foresight - well appreciated by us shareholders?
Thinking out of the box if the current TX plans are not raised from 10Mw towards 25Mw as hoped , then by 2030 we will have embarked on a much bigger TX sister line. It is extremely clear that TLOU are te soul game in town and the 97Mw that slowed up down in the early days is a pink elephant (or Tlou).
My other thought on this is that the need for nightime power with all that Solar power being predicted is going to be urgent and CBM will be preferable to raw coal bigtime by 2030 as the green target 2050 closes in on us.
CBM will be needed to LIGHT UP Botswana because the demand for it will be after sundown,old chap.
I am fairly certain the only achievable percentage is our 1% , that will grow dramatically as Solar and Coal miss their targets due to carbon issues and the African inefficiencies. Battery waste will be a growing threat until gas reaches significant levels.
But he has a PhD in hindsight. Not surprising because he does not look forward and see the good stuff. He looks like down the sideroads for cars that might not stop whilst running into a 20 foot juggernaut that is immediately ahead of him. He might save his life if someone like Prince Phillip is driving into the sun at him, but the odds on finding a juggernaut are so much higher.
TG uses major roads which is why Donkey never sees his good points like everyone else does. The Doc sure as hell does,
I think many people think TG's aim has been to create a small independent power producer, to the point it is certainly scaleable into a major IPP, and then he'd sell up to the big boys , as he did so very profitably with Sunshine Gas and Arrow. As the years roll by I think that opinion may prove to be right - Tony expected his plans for a virtual pipeline ( lorries delivering canned gas) to come to fruition in the previous decade. In 2016 - 2018 there was time for another project or a long retirement.
I never shared that opinion and I believed he had ambitions for TLOU to expand , not only as CBM electricity provider, with a potential Hydrogen business on the cards. Hydrogen, Solar , CBM power and a CBM pipeline to Orapa - a major force in Africa which would make anyone proud? Synergen Met could rule out Hydrogen but the others are still likely , if not certain, given enough time. IPC Consultants Limited may take control , who knows what is planned , but the Govt/Pension fund could also re-enter the ring if TLOU proves to be low/no risk. If it happens, I'd be amazed if the Pension Fund did not build on their substantial holdings and they deserve to succeed imho.
Hi Py , how ironic , I joked about him referencing Tlou's 10Mw as cold bath methane not suspecting that it was BOTS reference to us :O).
My investments are invariably link to remote areas that are called by different names at the whim of the speaker.
Whitby, Sneaton , Doves Nest Farm and others were used for Sirius Minerals potash mine and then it became tghe Woodsmith Mine - it is Barmy! Anglo-American wrote off over £1Bn so whether it will come to fruition or not is totally in the air perhaps.
And now Massisi referes to Selemo, Lesedi , Mamba , Boomslang etc as Sunveldt!
Thanks BOTS and PY I have listened to the energy 5 minutes with a different ear. This time I was listening for TLOU being spoken (as I did first time round) , but this time I expected TLOU to be transated/interpreted as COAL ....
With an open mind, 10Mw coal based methane was as close to naming TLOU Energy as it gets , so full marks to BOTS and Py. It is also very clear there is the 2028 Jindao plans for 300Mw , and the smaller 8Mw projects by Mukane , both in Mamabula (she must be an extremely large lady) , and then our CBM 10Mw .
I think that tells us the 97Mw project is dead and buried under any name? Sekaname and KE may use that 97Mw through Solar projects - the other game in town to those 3 reliant on coal.
Fot newcomers Minister Lefoki Moagi is shown from 3m 33s looking serious until 3m 40s when he looks up and appears to be on the verge of a smile , decidely pleased with what he heard. Good news - he is still a huge asset as Minister for Energy , and probably wrote the words that Massisi spoke. Happy days as BOTS suggested. Moagi replaced Molale as Minister and imho pushed through our PPA during Covid - one of few good bits of news that we had in the period.
Jindao are not reinventing the wheel by using coal , so 2028 may be realistic. I'd hope by 2028, 300Mw will be the sort of target TLOU will be looking for , if they are not looking back.
Q. Which 5 of these 9 countries do not have a land border with South Africa?
1 Zambia
2 Zimbabwe
3 Namibia
4 Tanzania
5 Botswana (the link to this board) (AND WHICH POSTER TODAY RHYMES WITH KNOB or K N O B)
6 Angola
7 Mozambique
8 Malawi
9 Uganda
Q2 to follow later because the next question is based on Q1
Q1 Which of these countries that share a border with South Africa ...... Q2
The number of shares being issued rises faster than the profits. The cheaper the share price the higher the number of shares that need to be issued to raise funds. WBI needed to issue a a load of shares when the price was linked to carbon credits and the share was over-valued as a result. That might come under insider-trading if Paul Dolan had realised the world believed their huge land mass qualified for carbon credits. He knew they did not and possibly realised what we thought , or maybe not , in this Q&A session imho.
You need those new plots to see profits rise - but they ain't got the money to buy them.
I was hopeful Jeff Bezos (Amazon) might buy some and let WBI manage them but the iron seems is now room temperature!
https://drive.google.com/file/d/1yIh69Ecg6kFz5iubtS92I28NEZC3uQGr/view
Https://drive.google.com/file/d/1VNM2ZDLtj6pyHBEdq5qNECepgsp8glN7/view?usp=sharing
is the 5 minutes on cold bath methane that facebook heard. Massisi speaks as well as any Botswanan I have heard and did a good job. I did not hear or read a mention of Tlou and I recorded 9+ minutes. Following on it was about community stuff.
The introduction and post SONA speech was largely people talking in their local lingo - so maybe they summarised his SONA and mentioned us there???? Massisi need to learn jow to pronounce "based" and the interpretor would have got "coal" instead of "cold" but I'd vote for him.
The forth-coming elections should not stop their civil service passing routine applications for approvals - policians are not needed to make the decisions , they just take the credit for the good ones.
I ticked the previous post - another hens tooth for me.
Free - the history of the handle Donkey was self-imposed by himself on AFVFN's chat room.
https://uk.advfn.com/forum/profile/donkey40
He was kicked out of here and before VPN arrived the admins repeated that every time he got back in and was spotted. Bucklersfern survived and no doubt others.
At one time he was having a debate with himself under different handles.
I used AFVFN until I got fed up with his tomfoolery, and switched here to escape him for a year or two. He stalks me as you can tell from this site.
There is a handful of posters who have knocked TLOU forever. I have absolute faith in TG bringing home the bacon - the others are anti-bacon and wanted to get the price below 2p which events did for them.
We are so close to completing the TX wires before which electricity is not much use!
The Doc had absolute faith , but a share price below 11p is manna from heaven for any investor imho. My previous big buys were in Sirius Minerals SXX who issued almost 10Bn shares so IBn here does not worry me at all. Donks was into Kenmare whose price went through the roof when they bought up a load of shares at the trough price, before revaluing them at 100 times the price! 2p to £2 overnight for 1% of your previous holding. So if you look at his history he did not make a fortune to increase his credibility as I thought until I investigated the rise.
What was the point of mentioning it then Donks?
I never insulted my wife's appearance but if I said I noticed the woman at number 23 has beautiful legs, number 25 is simply beautiful in every way, and number 26 has lovely eyes, do you think that my wife would think I was paying her, my wife, a compliment? Neither do I , and that is how we all received your message.
You have not justified your claim it is generally accepted that electricity is the least profitable use of gas. I'd like to see one such opinion with the reasoning even if it is only a 1% opinion. It stands to reason that areas with plenty of electricity and a severe lack of fertiliser will pay for CBM bi-products for fertiliser. Equally true, the price of that ammonia will be pathetic compared to electricity if the scarcity and abundance is reversed.
In Africa everything is scarce so innovation in everything that is good will be welcome across borders.
I hope this has taken your blinkers off! For every one in front of you , there a dozens in your peripheral vision that are blacked out. You need to earn creditability after a decade of scaremongering on civil wars,costs of horizontal drills, BPC not paying bills etc etc etc. I rather hope BPC force us to sell into SAPP so we have an international market to sell into. But BPC need profitable supplies and will pay up imho. The GOVT won't want us to sell to South Africa who have charged Botswana a fortune for electricity, whilst domestically, SA has a shortage and power cuts?
A moan 'ere and a moan there have resulted from our CBM production.
Generally accepted? Would that be you rading (or writing) the Motley Fool , Donks?
While we are in a preaching mode, you do not support your opinions with any evidence mate.
When challenged you resort to defamation of the quisitor.
If as you claim, alternative markets are more profitable , they are as open to TLOU now as ever. Once the capacity of the TX lines is reached - and that will be a recurring theme over the years - they can switch.
Considering that there is an electricity shortage in Botswana and green methods of producing it - CBM electricity looks a safe option to me. If there were abundant mountains and water and hydro-electricity in the area , the alternative uses of CBM might be more valuable. Ammonia / fertilizer plants might not be green - they sound like chemical plants to me. TG is adamant that we remain as green as possible. He knows what what I reckon.
Winni, TG has been putting a positive slant on everything until Covid and has received nothing but abuse back. And the share issue failure was the final kick in the teeth? So he has joined the shareholders and has muted his opinions while the project , slowly but surely , gets to the point where we'll all be shouting the odds , most of us perhaps!
Did a small top up @1.85p and 1.833p.
Donkey deserves applause for his clap-trap. Years ago Australia was making AUD 10 - 12 for electricity , and AUD 30 was conceivable in Botswana. Both figures have no doubt risen but if TLOU are suffering from low prices for power compared to supplying gas then how bad are things for Australia. If we had stuck with the idea of selling gas itself , I wonder how much we'd have spent on cannisters , secure storage, lorries or pipelines to sell the amount of gas that we all assume is not that plentiful until now? We'd have been saying we could have built TX lines in the time the plant has been depreciating and we'd have been right! Personally the decision to go the CBM electricity power route looks justified. BPC will adopt the TX lines so the maintenance costs are zero , and I cannot see them paying a pula for virtual pipelines, diesel , lorry costs etc.
#4 mods and #6 appear to synchronise selling gas or generating electricity?
However , had we stayed with gas supply , we'd have had the TX lines and substations costs to throw at more drilling so the gas could have flowed much earlier? A pre-Covid income seems possible which would have put the SP into profits for most of us. Depends on the costs of the virtual pipeline though.
The same source does give TLOU coverage elsewhere .... Africa news sources are very iffy. How is KSE the only one?
https://www.esi-africa.com/finance-and-policy/tlou-energy-and-botswana-power-corporation-execute-a-pilot-ppa/
Sorry HB , I am unhappy publishing this because it gives KSE a false reputtion imho!
TLOU are going to be FIRST to supply BPC timewise. It will be a small target but by the time KSE deliver , TLOU will be putting up more poles ad wires having expanded multiple times.
https://www.esi-africa.com/top-stories/botswana-s-first-ipp/
"Karoo Sustainable Energy has NO CURRENT CONNECTION TO Kalahari Energy"???????????????? Donks earlier.
QUOTE FROM THE LINK....
"KSE was formed in 2008 to develop, own and operate a 270 MW coal bed methane fired power station in Botswana that would sell capacity and energy to the Botswana Power Corporation under long term off-take agreements.KSE and its sponsors have extensive experience in developing thermal IPPs from conceptualisation through to commercial operation, including the mobilisation, hiring and training of operations and maintenance staff.
**************************************************
* KSE is owned 50% each by Kalahari Energy (KE) * and Turna Energy&Environment,
**************************************************
a Cyprus company that is the international business vehicle for Tuten Ltd. KE has been a pioneer of coal bed methane (CBM) development in Botswana since 2000 and can be credited for conducting successful initial CBM exploration that created the current CBM enthusiasm in that country. KE is also the only Botswana based group with the capability of providing well completion services for CBM gas production. Tuten is a boutique power project development company based in Istanbul."
I'll put my bag down now - i.e. rest my case
Lordy Lordy Donkey!
View this link ...
https://www.globalmethane.org/documents/toolsres_coal_overview_ch3.pdf
Search for Section 3.2.3 and you'll see these words in this paragraph .......
"The main companies that have carried out significant CBM exploration activity in Botswana are
Kalahari Energy (now Karoo Sustainable Energy), Anglo Thermal Coal (formerly Anglo Coal
Botswana) and Tlou Energy (TLOU). Kalahari Energy (KE) has been actively pursuing CBM
development since 2000, and in 2008 drilled a five-well pilot program that is currently in the
production testing phase. This was financed with a U.S. Overseas Private Investment Corp (OPIC)
$8.5 million investment guarantee for the purchase of equipment and the drilling of wells. In 2009,
KE formed a joint venture with Exxaro Resources to perform ongoing exploration work and
completed a five-well production test in late 2010 (KE, 2010). KE, which continues to pioneer
energy growth in Botswana through coal-based methane exploitation, currently operates the small
90-MW Orapa power plant and is in the process of developing a new 180-MW power project in the
country (EN, 2012)."
You'd better tell them you know better than they do, and stop deriding stuff I prove was said (whether it is true or not).
Drilling is necessary to dewater pods but progress is dependent upon that dewatering so progress cannot be taken for granted.
As for Sekaname , part of Kalahari Energy , who are now Karoo Sustainable Energy , who knows what is going on.
Finding information about either is tricky. KSE are involved with Botala in some way but I cannot find the article I saw when looking for Seka last month. Seka news seems to end in 2019 when I think they dropped out of the race with Tlou.
TLOU have an agenda that can be measured - Botala are years behind us. We got involved with Synergen after TG and Pure Hydrogen met. They recommended SM to us in fact. SM were in cahoots with Pure Hydrogen and TLOU looked to be a better source of CBM for SM than Pure Hydrogen were. If Covid lockdown had continued I wonder whehter SM would be producing non-green hydrogen with our gas and their original lance. I wonder if that actually works? Pure Hydrogen tried a French CM/Hydrogen outfit after we merged with SM. They look desperate to find CBM. Cannot decide if they are allies or opponents to Tlou and TG.
The optimism this thread brings encoraged me to read the last progress report (RNS) and it looks very upbeat today.
"Lesedi 4 and 6 drilling successfully completed
Ø Lateral wells of the Lesedi 4 production pod have been successfully redrilled
Ø Drilling of Lesedi 6 production pod was completed earlier
Ø Dewatering leading to gas production can now commence on Lesedi 4 and Lesedi 6
Production Wells
The successful redrill of both lateral wells of the Lesedi 4 production pod has been completed. As reported previously, drilling has also been completed at the new Lesedi 6 pod with both lateral wells (Lesedi 6A and Lesedi 6B) successfully intersecting the target vertical well (Lesedi 6P).
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."
TG might have expected us to generate some excitement , but I think LTH are so jaded it would need an atomic bomb to excite some of us. The exceptions are Donkey and Whizzer who have moved up the pessimism scale to no opinions :O)
The RNS is a bit of a puzzle. I knew #3 and #4 were at different depths in the main shaft and this was causing a misbalance in air pressures. I understood the flows were from one to the other, maybe even alternating, instead of both feeding the vertical shaft. The temporary solution was to shut off #3 and depend upon #4 for a few years. The straightening of the lateral wells is a bit confusing unless the level varies vertically when water can sit in a u-bend and stop the gases - like a loo!
Practice makes perfect and #6 does not seem to have taken very long. #4 is better than #3 despite starting later, so if #6 is better than #4 and #4 has improved there is hope for us this year? Those 500k purchases are making me wonder if MM is about to return to our fold?
He held 6 figure shares and it makes sense to me.
Bing is useless - never found this but Google did.
https://www.justgiving.com/crowdfunding/myahhauxwell
The money will be well beyond £15 after the BBC interview this morning. And Chloe Wade appeal looks a bit dodgy. She is into Bitcoin and another appeal for herself and her pets.
I hope the Hauxwell's get that money.
She is 9 yrs old and the americans have a fancy replacement eye which they claim will look natural because it has sensors which vary the appearance according to the ambience and the false eye should match the good eye.
I thought they'd have raised the £15k by now but the site I found has gone quiet with only a handful of donors. This is an individual trying to raise £200 for her, and that has been surpassed, but I cannot find any other fund raising. The England Women's Football team and Jill Scott are trying to help so that may be worth following up.
https://gofund.me/b9516b76