RE: Some other CBM flow rate comparisons13 Sep 2019 12:17
Nice find Scott - it corroborates my theory that Sekaname were into coal production and sold the rights to Tlou on that basis.
They struck lucky because CBM qualify for royalties intended for sacks of coal and a horse and dray. Had they been thinking CBM it seems extremely unlikely they'd have parted with those rights. TLou was way ahead of them in their plans then, and still are!
Your links are dated 2006 and when there was a claim that Sekaname were into CBM from 2001 , i.e. the first in Botswana not Tlou, is poo pooed, all the evidence indicated nothing on CBM before 2007. But those royalties only apply to Lesedi , Mamba and Boomslang are in a different location. Hence the urgency to get into Mamba very soon?
The Bloomberg link is very valuable coverage because it is clear that the way CBM is collected has not changed in 14 years!
They knew about slow starts and water and dewatering and nought has changed since! To my mind we are on a monorail and people are worried we will take the wrong route? The driver is saying we aren't at the destination yet and people fear that is bad news instead of fact! The annual report told us we aren't there yet as well! We knew that already and expected it to take a few minutes to achieve?
From the bloomberg link
+++++++++++++++++
Coalbed methane booming
By ERIN WALDNER, Californian staff writer e-mail: ewaldner@bakersfield.com Feb 10, 2006
A growing number of oil and gas companies are taking interest in a non-conventional energy source called coalbed methane.
Coalbed methane, or CBM, is a form of natural gas trapped within coal seams and is held in place by hydraulic pressure. When wells are drilled to extract that water, the methane can be captured for use.
Parts of the United States have experienced a surge in CBM drilling in recent years.
"There's a lot of interest in the industry right now," said Brian Rehkopf, vice president of engineering at Bakersfield-based Berry Petroleum Co.