Member Info for BradSmith

The boys were trapped because part of the passage were lower than them, an underground lake.
I don't know how horizontal the lateral drills bore into the coal, but they are going to be in a reasonably straight line. They could drill uphill to encourage water to gravitate down the slope. towards the vertical pumps. Gas pressure will push the methane downhill I guess :O)

Methane is lighter than air but will there be any air down there? The vertical has to be gas tight so I guess not? Enough - time for cinnemon chips!

Mike, I thought NE was thinking aloud and hoping somebody had an answer to a few thoughts.
It is clear nobody does at the moment.

Before I was put on Sertraline, I could not listen to any news of the Thai boys football team and coach who were trapped in a cave. But I have pondered their plight at length and compared it with #3 .

The parallels are a very easy way to describe what I think could be happening with gas flows.

They were trapped by rainwater flooding into the passage behind them.
No landslip afaik!

Now, suppose there was a landslip in #3's lateral well. The water would back up blocking the gas.
Clearly, water is still getting over the top of the blockage along with patches of gas, causing the fluctuations?

Assuming there is no aquifer (as NE considered) , and it is a desert around there, the water will become a trickle one day. At that point the gap above the blockage will be open and bingo, the gas won't back up like water does!

If this is what has happened, there is a case for turning up the pumps. And there is the rub!
Turn up the pumps and risk blocking #4 with coal fines?

This makes perfect sense to me , and if there is such a dilemma , I'd side with TG's approach, as usual.

Chukkers, there is little doubt TLOU believed #3 and #4 would be enough.
Expectations clearly fluctuate with the gas flows but I recall TG going as far as saying he was 100% certain at one point last year. Colm has been confident too. Until dewatering is complete their hopes could or should be high. I'd hate to be alone on that.

Strata-x are higher than us on ASX 6.2c v 6c btw. No trades yet on either.

4 filtered messages are threatening my string, so I'll break them up :O)

Chukkers, do you not agree with my affirmation then?
i.e. TLOU are now concerned that getting certified flows is going on so long, it is in danger of challenging their timetable for 2020. A foolhardy company could just pray it will come good and risk deserved criticism if it goes seriously wrong.
TLOU have now prepared us for that eventuality, and outlined their contingency plan should one be needed.
Plan A has definitely not been abandoned, Plan B will definitely be challenging to raise finances by Q3.

I am expecting Plan C, a bit of both. PPA will come good later than planned, closely followed by short term finance, leaving long term finance to be sorted from a more secure base than Plan B in isolation.

Time will tell.

I'm still buying and it is working well.
My third buy in February qualifies my March trades for IG's frequent trader commission of £3 a trade!
Not only is it only £3 but they permit credit card deposits - so I get 0.5% cashback on the capital.
So add that to an interest free loan of up to 2 months or more and it is great?

Not so great is that my bank account is not as healthy as I'd like so the short term loan from there to my broker is becoming longer term but I am forever averaging down so the rewards will be wonderful as long as Tlou pull the rabbit out of the hat eventually.

You've never been sure about anything Whizzer.
You post you are out but you are not.

I was going to post a message asking I was going to be able to match Jermaine Defoe?

We've got Jermaine Defoe,
He scored ten in a row!

Ten consecutive matches when on loan from West Ham to Bournemouth as a boy .... a legend.
I am not expecting anybody to admit selling up to £30 worth of shares ..... pimp and dimp people?

Nobody was posting anywhere for 12 hours or more - I thought I had not been invited to the 2p party.
Cat has got your fingers instead of your tongues I suppose.

The price is a bargain - shame so many are too scared to pick up on it.

Could not resist it. Could not kick the gift horses in the mouth could I? I love horses.

Just received a blood pressure kit. £9.95 and free postage so I thought it was going to be rubbish, but it is quality! A pouch for the meter. A bag for the squeezy arm band. And everything fits well, so it goes into the box easily. Very tidy.

Intended for upper arm but I put it round my ankle after both arms gave virtually the same readings 132/78 132/79 and got 130/76 on the ankle (the injured leg with 2 of 3 arteries blocked). My hands and feet are perpetually cold so I thought I'd experiment to see if I could raise my blood pressure. At the hospital it was 100/62 last time , quite low which is better than too high on many fronts. Boys and their toys eh? I'll get out of bed and see if the BP lowers because 132 looks very doubtful.
The hospital found my ankle was 100 too! They don't check the lower figure for some reason.

I am not quoting from the document I thought.

This is the link which refers to the full RNS!
LSE are doing a pis's poor job on our RNS releases

https://polaris.brighterir.com/public/tlou_energy/news/rns_widget/story/xz38ypr

What the Aussies read
"===================
Managing Directors' report

The Company has recently been focused on moving the project towards first electricity sales in the near future so as to transition from an explorer to a developer. Gas fired power generation is Tlou's primary objective with a secondary objective of demonstrating best practice in integrating solar and gas as baseload power, which can be mutually beneficial for the exploitation of both resources. Tlou has already obtained full environmental approval for 20 MW gas and 20MW solar power generation. With success, this would be a first for Botswana and unlock its vast solar potential.

The Company believes that gas is absolutely vital for a successful solar power generation project in Botswana and our current wells are yielding encouraging results in this regard.
******************************************************************

Details on recent developments coupled with Tlou's cleaner energy vision are outlined below.
==============================================================================="

The bottom line is "our current wells are yielding encouraging results".

UK beer googles ignore that, preferring this (whilst ignoring the words interim and or!)
==============

"Interim conclusion: Sustained higher gas rates will take more time &/or require more wells. "

A couple more buys at 6c produced 276,508 bought , none sold.
I have gained some solace from that , the Aussies are silly or they know something we don't.
I'd guess they are realists and are non-plussed that dewatering is taking this long.

Whinging poms are expected and laughed at out there perhaps. Over here people follow their lead and sell up at hopeless prices. 2 sells here today totalling 1768 - I hope they covered their commission fees :O(

No change 2 hours later.
Still 6 buys at 6c soon after trading started.

The first 6 trades are all buys at 6c totalling 233k shares.
The word on the street in Brisbane may be more jolly than in London.

2.95p to 3p (5.8c to 5.9c) but no trades registered yet (20 mins delay).
The more I think about this, the more I think the board had to have a contingency plan in case flows do not materialise. Whether or not they will be needed and how soon is the question.

BTS have they got much wrong?
They underestimated how long the dewatering would take.
I say they - but they were probably lead to that conclusion by experts.
Experts who have never worked with CBM in Botswana before.

DTE, We are having problems enough evacuating 2 wells.
Colm took great care to describe the difference in height between #3 and #4 (where they meet the vertical well) and how balancing them is tricky. Adding #5 to the equation must have been seriously considered but rejected.

Maybe to get the piggy to market quickly.
Maybe because #3 and #4 were regarded as plenty to get us started (I hope, and it could be still on the cards).
Maybe having #5 ready to dewater with #n for the next phase - thought to be easier once an existing producing well is in place - would be better use of #5?
Or maybe #5 is too poor to bother with.

The chosen approach, give #3 and #4 as much time as it takes , is still favourite.
But they have had to create plan B after passing the expected deadline for plan A and our finances.
I was going to say "Long live plan A" - but that is not quite right is it.

Don't say what, say pardon.
All is all , what can TG add?
He might have stated what the figures are for gas flows but maybe it is too complicated to decide how much gas is coming and going.
If #3 is producing erratically , which sounds certain, I guess the #4 gas will be split between rising up the vertical shaft and doubling back into #3 , making it look erratic despite it being consistent?

Non return valves would stop that - making it possible to measure #4 flow plus variable assistance from #3 , so I guess non-return valves are impracticable for a mixture of gas, water and finings - they might invite problems? I imagine fitting them is impossible from the surface there is a composite casing/lining designed for vertical drills that continue into a lateral drill? But extending a lateral would then be impossible - return valve in the way?

Hotcopper initial reaction was more relaxed that here. The first two posters saw little change- just wait for dewatering to reduce enough for accurate readings - reflected by the sp attracting more buys than I expected.

We could use the first 3 now, the 4th was a fear until today, and the 5th was needed before I invested perhaps? Not saying by whom!

-- An abattoir;

-- A health clinic;

-- A police station;

-- A wildlife (anti-poaching) post;

-- A school for early childhood development.

Whizzer , don't you think the RNS says it all?

Mike more than chester?
"no blockages" ..... #3 looks to be problematic - reducing the dewatering rate was possibly directed at it rather than #4? Coal fines are likely to vary between the two so perhaps there is a lot more debris from #3 to block the channels, and it has to some extent?

I'd also suggest that Mamba has been on hold because the board have feared they were heading towards today's RNS for an extended time! They have been stalling in hope that dewatering was nearing completion , still the case no doubt! And please god, it could unexpectedly happen sooner than we fear it will/won't. How many couples have their own baby as soon as they give up hope and start the adoption process for someone else's?

I see we are contemplating selling water to the Moralane Community too - we need to find some aluminium ore and we'll be able to provide the whole boil an egg programme.

I hold my hands up - everything I wasn't too worried about has come home to roost - a "male hen" - up!
This has become a chicken and egg story. Is the Govt appointment taking so long because Tlou have been honest with them and not us? It looks like assessors have nothing to assess and are not required for a good while yet.

I have believed that #4 had overtaken #3 for a long time. There is no mention of #5 being added so that possibly means it is not even as good as #3 - if they 'know' anything that is.

LSE are aiding and abetting the news blackout on here. I might have sold at 3p BTS if I saw the RNS before trading opened, but not at 2.6p . It took me quite a while to find the RNS.

I am now totally confused by the RNS last week, if that is what it was.
It suggested major progress was imminent but the interim ppa is really about boiling a kettle at a nearby police station? This really hurts .... having to admit Donk was right after all - I wonder if there is such a thing as an honest board of directors. And Whizzer was right too ... we are going to have a share issue and ar what price will that be to get anyone to top up? 1p? That will need an enormous number of shares to be worthwhile. TG's mates are going to be really tested to support him after this.

"The Lesedi 4 lateral wells appear to be in good communication with the vertical production wells. The Company has now established that the Lesedi 3P and 4P wells can flow gas at sustained rates for extended periods of time."

Boiling a 3 minute egg should be ok then, but 4 minutes is pushing it. And Botswana Police will stick with diesel cars rather than risk electric cars with flat batteries?