Member Info for BradSmith

I feel obliged to believe Colm who has spoken out of turn in the past when excited about developmentss. How many times have I done that- I have expected unpteen new dawns on share prices and still expect a big one any day soon.

The new customs practices are responsible directly or indirectly for the late delivery of generators according to the limited news we can find.

There is possibly a political reason behind it - brown paper bags or something that the partnership is not participating in?? President Doku needs to hear of whatever it is and that it is holding up our budiness. He sounds honest but all con men survie by sounding honest????

I suspect money is behind the delay after sucha long one.

Today I received notice from IG that I need to have a net value of £15k acroos my accounts , or do 3 trades in the current quarter , to avoid Custodial fees of £24 for the quarter.

Given there are no charges in my ISA for ASX trades - I never considered this necessary.

Less than 3 transactions and they deduct commission paid from the £24!

So 1 or 2 transactions will save you 1 or 2 times ZERO! I.E. £24 if on Dec 31th your portfolio is less than £15000.

Mine is worth £15k currently but the spread is 1c to 1.6c and if it drops much below 1c I could get clobbered

with them selling shares to pay £24. At less than 1c each , that is quite a few shares to protect.

I traded on ASX because the minimum trade is AUD90 rather than FTSE at £90.

I love IG because it costs the same to buy the same number of shares over any number of trades , subject to AUD90 on each trade.

AUD270 is approx £135 so 3 buys of $45 will do. Or of course , if you are skint , you do do 2 sells and 1 buy, though selling at 1c is not recommended if you have to pay 1.6c to buy back.

Brokers rely on the spread for their profits plus the FX conversion rate, ISA must be in GBP , though you can trade on ASX in AUD. £24 is way above their profits on £135 of trades but who's complaining?

As to Donkey's post , I believe that BPC concur with Kala and TLOU and me that their partnership is the deal of the century and Tlou should end up fully funded from it. And BPC will be able to rely on exponential growth on future PPA's without worrying about fund raisers! And the Doc and Pension Fund need not concern themselves with bailing out TLOU placements.

Future placements will be oversubscribed imho as people scramble to buy TLOU on the inevitable rise in shareprice.

Our principal shareholders may well reenter the affray is TLOU decide to finance additional drilling equipment to keep up growth. That won't be necessary unless Kala put a ceiling on what we spend on the PPA side of our income. Once we are earning they cannot be expected to allow us to keep our PPA to ourselves , and take interest free loans from Kala!

But will Kala demand a percentage of PPA profits - it remains to be seen?

I eulogised TG for alllowing Synergen Met to usesome of our gas to evaluate their Hydrogen production, the same way Kala has given TLOU a chance to prove we are suitable partners for Kala's Data Centre plan. Tony backed SM and even pledged some cash for their IPO to ASX mission, all subject tothem coming up trumps. As it happens, they were not able to produce Green Hyrogen so withdrew the use of Lesedi's resources once lockdowns were eased. He did not dup them but offered CBM gas for them for use back in Brisbane. The track has gone cold ever since but I suppose it can be warmed up if they do find a Green Solution one day. It cost TLOU very little and if our test had failed back in March, we'd have cost Kala very little.

Happily we passed their examination and that partnership look promising. Karma for TG that is long overdue. I think SM were floating at 20c and for TLOU to be prepared to 20c, which was a few times our shareprice , seemed very kind. And Kala have been very kind to us. They have committed theselves to us but we did not commit to SM. Just as well in the circumstances?

Donkey might know from bitter experience if he lives there. But he probably has a moles eye view from his pub. He just knows he has difficulty getting served because there are so many dropouts filling the bar.

Getting dole money or whatever state benefits they have is not a priority for sure. Having said that I noticed I had a DWP credit of £10 on the 1st. Apparently since 1970 pensioners get a Xmas present of £10 so I suppose I have had quite a few?

"The bonus was first introduced in 1972. Adjusted for inflation, the £10 sum would be worth approximately £119 in today's money, a point that has drawn criticism from some recipients amid the ongoing cost of living crisis."

Kicking a gift horse? £10 bought £10 worth of goods in 1972 , and 56p worth of goods today.

A pint was 1s 4d or 16d with 240d to the £. So 2400/16 was 150 pints for £10

If a pint is £5.60 per pint today then our Xmas present is a tenth of a pint.

No wonder we think of our youth as the good old days.

If Kala announce we will be up n running by Xmas 2025 , what do Tlou tell us?

I don't know you people expect. If they pass on the news and it does not happen we shoot the messenger, and is they do not tell us, we shoot the non-messenger. Put yourself in Colm's shoes.

TG reported Synergen Met could revise their Blue Lance so it produced Green Hydrogen. He had the same predicament.

Their top man proved to be full of BS , his 6 months estimate for Green Hydrogen is woefully short. Not surprising because every Hydrogen hopeful has the same problem it seems. Pure Hydrogen struck a deal with a French company having introduced us as a better partnership for SM because we had CBM ready to use under lockdowns.

We have the Xmas holidays coming, as Donkey keeps telling us. Will the Grid close down in any country for the Xmas / New Year period? Not a chance - so BPC will be working! If Kala/Tlou need the TX line to be commissioned will BPC say they cannot add the extra power until 2026 restarts their business? I don't know how complicated the testing is but our contractors will be following existing protocols and it may not be much work to add our halfpence of power to the grid.

Enter Octordle 1408 and choose "sequence" for my version of the game! "Daily" gives a different set of words,

Daily Sequence Octordle #1408

3️⃣4️⃣

6️⃣7️⃣

8️⃣9️⃣

🔟🕚

Score: 58

Put in my usual two words that reveal the vowels and Y's and if I'd entered SUITE instead of QUITE for entry 5 it would been a clean sweep.

I have given you one of the 8 words so you have a chance of a true clean sweep 1-8 if you feel like a challenge.

Donkey, I am merely expressing my personal opinions , which is why these boards were created. Posting on TLOU is what is expected but when there is little or no news from TLOU then the choice lies between off topic posts or a dead web page.

Search engines have algorithms that detect pages are static and this results in the page being ignored by regular web searches. They like lots of changes to the content and lots of hits and those two factors make a difference to which summary page a search will appear. Optimisers that people pay good money for rattle up the hits and maybe modify the meta words lists to con search engines into thinking the pages are undergoing seriously change when the hidden meta section is all has changed.

As to why you get so much criticism, you are complaining about how TLOU are not completing tasks that were abandoned years ago. Getting gas out of the ground and bottling it for delivery with irregular gas flows was acceptable for a couple of years! As long as there were enough bottles ready to satisfy orders by their delivery date it did not matter if they they took 20 seconds, 20 minutes or 20 hours to fill.

That plan was axed with the PPA for 100MW requiring steady supplies of electricity. Steady gas flows were now imperative and TLOU were not hopeful of supplying more than a couple MW at a consistent level. That plan is now undermined by the Kala deal. Kala require CBM to generate their own power initially and that takes priority as long as Kala can make more profit than TLOU can make from supplying electrical power for the PPA's. Some sort of compromise is needed if Kala are more profitable because filling PPA's is TLOU's raison d'etre and Kala have committed themselves to supporting that side of TLOU's business.

If TLOU have both customers requiring Gas or CBM electric , then expanding the size and number of gas wells is essential, as is completing the poles/wires and substations en route from Lesedi to Serowe.

Funding of the latter is awaited but TLOU need generators for PPA production. And , as we know, there is a holdup on Kala's delivery of generators too. Synchronising the various elements needs managing but we can hope that the commissioning will not take long, a matter of weeks perhaps? We await news.

All of us will have spent time in some country or countries Donkey. Does that mean we know how those countries run?

Not one bit of it! 650 people in Westminster have been elected by tens of millions of us and not one of then has a clue how to help his/her country.

They think they do one day and change their mind the next.

They know how to look after themselves. however, well some of them. People like TG, who keeps his business head above the water level.

Kala appear to allow Tlou to keep 100% of their income from the PPA and get 50% of Kala profits in the form of cash and loan repayments .

If so, then Tlou will be earning more than Kala.

Kala are likely to invest a veritable fortune into AI if it goes well from the beginning and we’ll 50% of what capital earns?

And I am criticised for dreaming?????????????

Kala have no obligation to confine themselves to Lesedi and Tlou. In fact they are looking at Pilot in Australia.

They may not offer new partners tge same terms as TLOU and TLOU will not get a share from Pilot project.

So Kala will ultimately become a bigger company and Tlou will be centre for Botswana and maybe Southern Africa while Kala spread themselves around the globe.

And we can buy into this for less than 1p equivalent?

No wonder people think I am dreaming. TG is the dream maker with his willingness to talk to SM and Kala and one day Orapa who’ll get a dediicated gas pipeline imho. Probably from Mamba.

You seem to be a voice in the wilderness Donkey. Does it not occur to you that whilst people are not certain that I am talking sense, that they find my reasoning could prove to be true? And most will be chuffed if it transpires that I am right.

You on the other hand are recognised as a troll from your crooked teeth to your unkempt tail. Loads of negative thoughts with absolutely no reasoning behind any of them. TG has a history of success in CBM during the 21st century and has openly declared that Tlou energy is set fair to be his best project of the three. We see Tlou evolving every time work is delayed/resumed and we are so involved in high end computing almost as an aside. Will the PPA we have awaited for a decade or more be more or less profitable than h.e.c. ? Given the likely expenditure on AI and CBM gas/power , there is one answer to that. Which one makes most profit in the first year is uncertain. Less so in 2027 onwards perhaps?

Winni, which part of the partnership makes you believe the money can run out?

Kala have not stipulated that they have a ceiling on their interest free loans.

If TLOU are irresponsible with the loans then of course Kala will pull the plug.

However , I expect them to nail each loan to specific roles, and TLOU will have to adhere to them or be in breach of the partnership agreement.

After the Tx lines are fully commissioned , Tlou will be earning an independent income from the PPA and a shared income from Kala. I don't think Kala will be thinking of a ceiling at all once TLOU are paying off the initial loans with 75% of their share of Kala profits.

As I said in an earlier post , the more gas TLOU produce , the more Kala's entitlement to gas will be, and the higher their profits.

I am fairy sure Solar energy will outweigh CBM power initially. If so , Kala may well be a part-time Data Centre if Gas power cannot match the loss of Solar power overnight. In time with additional Gas power, Gas will start to catch up with Solar?

Of course Kala may be clever enough to produce a mutual amount of Solar so that they using 50% Solar and 50% CBM power by day and as Solar drops off at night , increase CBM towards 100%. As CBM increases , they add more panels?

I dunno what Data Centre demand is by day and night? If more is needed by day , then some or all the spare 50% Solar may be just perfect and balancing the two power sources will not be necessary. It is possible that Data Centres are allowed to be flexible , in fact , supply and demand is bound to shift as countries wake up and goto sleep if domestic customers are global?

It is going to be interesting next year watching the partnership evolve.

Winni you cast doubt on how much gas we are currently producing.

I have long expected a welcome surprise on #4 and #6 - new drills are going to benefit from the experience of modifying #4 to work in similar fashion. Does that not make #6 sound better than you expect?

Colm's M.D. statement backs my thoughts on this in the annual report i.e.

"Gas Production and Power Generation

Gas continues to be produced from two established appraisal wells, namely, Lesedi 4 (L4) and Lesedi 6 (L6). Both

wells have been flowing gas for an extended period, with ongoing dewatering and production assessment aimed at

enhancing output without immediate new drilling."

That tells me Kala and TLOU are happy with their progress. And we know there are plans for new wells - and Kala will soon need them if the other 4 or 5 generators are delivered quicker than the first two.

The countdown in underway imho.

I suspect even $100m is a small fraction of how much Kala are expecting their side of the project to cost.

Do none of you see that the new TLOU is about to see a return for their funds henceforth? The more they spend the bigger the expected return. The bigger the return i.e. higher gas flows, the bigger Kala's return on the Data Centre.

Exponential growth by both parties is a game changer. Kala are not in survival mode like we've been they will firmly believe they need to speculate to accumulate. Gas gives them 24hrs coverage , Solar not so!!!! Will they choose to pay a fortune for the latest overnight storage when they can encourage TLOU to produce more gas?

I think the answer is obvious.

Are TLOU talking about placings? I don't recall anything but Doc withdrawing pledged cash indefinitely.

Doc is better suited to running the business than Tony in it's current state. High tech is his game. TG will be available to opine on new techniques for drilling, dewatering etc as they arise. Is that a full time job? Who knows but I suspect not.

Imho we are fully funded , we just await news of Kala living up to my expectations.

"Tlou Energy Limited – Annual Report 2025

Chairman’s letter

Dear Shareholders,

On behalf of the Board, I am pleased to present the Company’s Annual Report for the year. This has been a defining

period in our journey as we transition from project development into first revenues — a milestone that signals the

beginning of a new chapter for our Company.

Strategic Progress

Our flagship Lesedi Gas-to-Power Project in Botswana remains the cornerstone of our strategy. Over the past year,

we have advanced the project, with gas ready to be utilised for data centre power generation and critical transmission

and substation infrastructure nearing completion. These steps bring us closer to delivering power under our 10MW

Power Purchase Agreement with Botswana Power Corporation.

At the same time, we have taken deliberate steps to broaden the opportunity set at Lesedi. During the year we signed

a binding agreement with Kala Data FZCO to establish a high-performance data centre powered by our gas

resources. This initiative not only creates another revenue stream but also positions Lesedi as a hub for both energy

and technology. In addition, early work has commenced on integrating solar generation, further enhancing the

resilience and scalability of our project portfolio.

Market Context

Botswana’s heavy reliance on imported power continues to place strain on both the economy and the national utility.

Our projects can play a key role in delivering locally produced, reliable, and cleaner energy to support the country’s

growth. Importantly, the global demand for energy is accelerating — driven by digitalisation, artificial intelligence, and

the growing need for data infrastructure. These trends highlight the strategic value of our assets and reinforce the

long-term potential for shareholder returns.

Looking Ahead

The year ahead will be transformational as we move to first revenue. This milestone is the culmination of years of

effort and investment, and it will provide the foundation for growth. From this platform, our focus will be on increasing

gas production, advancing solar integration, and leveraging our broader exploration portfolio to unlock further value.

Acknowledgements

On behalf of the Board, I extend our sincere gratitude to our management team for their tireless commitment, to our

employees and contractors for their dedication in often challenging conditions, and to our partners for their

collaboration. Most importantly, I thank you, our shareholders, for your continued support and patience.

The pathway to building a successful energy company is long and complex, but we are confident that the foundations

we have laid can deliver value. The coming year promises to be one of the most important in our Company’s history,

and I look forward to reporting on our progress.

Yours faithfully,

Dr. Ian Campbell

Chairman"

Donkey, good post on Botswana Data Centre philosophy. I knew they had broadband connections to other countries but this surmounts that by miles. It really looks like AI is here to stay if countries like Botswana are taking it seriously.

Good point on my filtering you , but even if I missed your post on the IPO , I'd have seen other posters reactions to your filtered post? Not that it matters , the essential point is that TLOU had regular placings prior to joining AIM , and that puts your remarks about TG in a more understandible light. On joining AIM he promised to keep placings to a minimum and has afaik , but you have seen and felt 5 or more years of frustration that AIM shareholders for the most part were spared.

Today's TLOU looks to be a different beast to the one you invested in. We are invested in AI at a very low entry fee. And providing gas or electricity is still what we are responsible for. Nothing has changed that other than we have to supply Kala as well as the PPA. But we are fully funded at zero interest so producing much higher gas flows to satisfy BOTH markets is no longer as worrying as it has been until 2025. TG has finally been rewarded for his frugality and keeping TLOU limping along, with an incredible deal that permits him to retire with his investments intact and , I hope , in safe hands.

We are held up by generators not being delivered.

Do we know that Tlou are not having the last few percentage of TX line work done?

They have stated that they are continuing to dewater and trying to increase gas flows.

Kala need to know how much they can earn from Tlou's gas to decide whether Tlou will need to prioritise the PPA which needs electricity OR themselves with gas and/or electricity for the Data Centre.

And if the Data Centre is profitable , should Solar be considered as well.

We simply do not know where we are going and Kala have only planned since March or April.

2025 has yet to be ruled out for first earnings. What went before at TLOU is closed - we have a head start from it but Kala is our future and that partnership is getting close to earning within a year of being partners.

It looks like 2026 before we'll have deliverable electricity for the PPA. Not too long now.

====TG as MD under Chairman, Nathan

The year to 30 June 2015 has been one of significant progress for Tlou Energy and has seen the Lesedi CBM Project achieve a number of milestones. While there is still work to be done, the company remains very well placed to capitalise on its CBM market leading advantages in Botswana.

This year, Tlou reached its near-term target to flow CBM gas at potentially commercial rates. We achieved a peak gas flow of approximately 400,000 cubic feet per day at the Selemo pilot during short term production testing.

=============

============= Nathan gone, IPO on AIM, Martin McIver Chairman

https://tlouenergy.com/wp-content/uploads/2022/04/2016-TE-Annual-Report.pdf

The year under review has been transformational for Tlou and has seen us make significant progress in the

development of our Lesedi Coal Bed Methane (‘CBM’) Project in Botswana, the most advanced gas project in the country. This is of particular importance due to the chronic power shortages being experienced in the southern African region, where demand in Botswana alone is forecast to increase 37% to 1,017MW by 2025.

With this in mind, the Government of Botswana proposed the delivery of 100MW of CBM power to be incorporated into its future generation supply plans in June 2016. This news came out whilst we were waiting for the results of our tender for an initial 10MW pilot project and we are delighted that Tlou has started the new financial year with this commitment in place for the development of a 50MW CBM project. This is five times larger than anticipated and demonstrates the strength of the government’s support for the development of domestic sources of power. It was always our intention to upscale from 10MW, however this expected approval from the government will fast-track the roll-out of our strategy and we are incredibly excited to have been given this opportunity.

===========

So TG wanted 10MW rather than 3W or 3MW but this was the 100MW CBM POWER introduction (rather than bottled gas) and the Govt cast the seed for Seka and TLOU @ 50-50. Seka still set on delivering compressed gas, but TLOU took CBM POWER literally to mean electricity? I'll see what TG'd take was - unity it seems!

============ MD TG

In June 2016 the Government of Botswana proposed that the delivery of 100MW of CBM power be incorporated into its

future generation supply plans in order to combat the severe power shortage

in the country. As the 100% owner of the most advanced CBM project in

Botswana, this was clearly a breakthrough for Tlou. This was followed, post

period end, by our selection to tender for and develop a 50MW CBM power

plant which is five times larger than we were anticipating however it complements and fast-tracks our strategy to upscale Lesedi and provides more development options. This bodes well for our on-going discussions such as our expression of interest to supply gas to the nearby 90MW power plant at the Orapa diamond mine.

It seems extremely likely that he is from Botswana , or possibly Australia , to have even heard of TOU in 2009.

It was 6 years later when they joined the FTSE / AIM that Red Hot Penny Shares via Tom Bulford brought them to our attention in the UK , afaik.

50c to 1.8c is some fall over 17 years , but why on earth was Donkey encouraging the world to avoid buoying up the share price. He spent years trying to get price down to 1p or less.

I think my average is around 1.5c from consistent buying perhaps Donkey has been doing that too?

My optimism gave him a platform to continually repeat his supposed hatred of all things TLOU. Many times I considered that he might have wanted my optimistic posts to be repeated ad nausea. But for years I have expected the world to wake up and see what a diamond this share is at less than 1p.

And I wonder how much of my logic he secretly respects. For all we know he may be one of the 40 staff that TOU had after the Saber takeover.

Chairman , Nathan Mitchell , reported from

(https://tlouenergy.com/wp-content/uploads/2022/04/2010-TE-Annual-Report.pdf)

"Tlou's key accomplishments to date have been:

Transformed the existing Saber Energy project in Botswana into a world-class CBM operation with approximately 40 local staff supporting two drilling rigs

Built a custom-made gas desorption testing laboratory in Francistown, Botswana to test all coal samples taken during the drilling program

Completed a capital raising of $20 million, during the second quarter of 2009, in accordance with the

Information Memorandum (IM)

Progressed Farm-in with Saber Energy and have now successfully completed nine CBM core wells as part of the initial Phase I exploration program

Built a strong management team to oversee operational, technical and financial activities of the Company

Submitted applications for highly prospective CBM acreage in neighbouring countries"

You need a good memory to be a good fibber. If you'd told us you were in the IPO @ 50c , I am pretty certain I'd have remembered it. It my have been beween 2012 and 2018 while my wife was ill and I lost interest in nearly everything else, including the Cherries results and who was playing for them.

What you failed to say here is that I finally sussed out your history using my logic. I was nearly right with 53c 7-0 instead of 7-1? And I think my views on Tlou and Kala will also prove to be right. The confidence levels , a statistical tool , if I could remember how they work, maybe they would back me up. 57 years ago I had a book of tables on the subject - I wonder if has survived in the loft or if Liz threw it out. They will be on the web nowadays and maybe even have an AI app available. Hated them tbh so I won't be looking for them.

I think we showed 95% if 8 people sampled a number of products and 7 of the 8 agreed on one as the best.

In the real world I'd be 99% certain the chosen one was best. Cannot recall the sample size and that clearly is extremely vital. If 7 from 8 chose the same from a sample of thousands then maybe 99% would applied.

I am looking forward to reading what the Doc thinks about the Kala Data Centre prospects. We don't hear much from him but surely that will change?