Member Info for BradSmith

Npwharf, I think you are referring to the Tlou financials rather than the whole picture.

The assets are huge with 3 trillion cu ft of gas, a TX line at the door ready for the easy part i.e. connecting a generator to the gas and the power to a substation using tried and tested methods.

All over the world methane is escaping from the ground and polluting the atmosphere. I find it impossible to believe that believe that TLOU methane is going to hide away forever. As I have said many times, there has been no incentive to maximise gas flows whilst all we could do is to cap it off or flare it? I assume Selemo continues to provide enough electricity for the site and Lesedi #4 and #6 gas is surplus to requirements. #3 is in the wings too.

Once it is all systems go who knows whether #3 will burst into life as the coal dewaters and unplanned channels appear.

If TG wanted out surely there would be buyers out there who'd welcome the chance to take iton.

The Doc , Pension fund , UK group that raise money over 24hrs could afford to buy us little guys out plus the TG trust/group which might only total a thrid of the shares?

Not sure it would be legal to do that. If TG was included it should be totally illegal but companies do buy back shares to reduce the share numbers for the current issue? And the Oil and Gas companies that are making billions will surely include one who'd buy up the project to reduce their tax liabilities and have fun in Botswana.

I can't visualise Lesedi becoming one of those Nevada ghost towns somehow. Sirius went for peanuts but was too big , TG's frugality has provided an open book for any new developer! I cannot see TG leaving this with huge losses on his investment when it is so near to phase 1 completion and the excitement of earning revenues..

I hope you did not reply to me mate, I am finding it very easy to honour my filter because I am no longer concerned that you can damage TLOU.

You have lost credibility on here with 99% of us for starters.

And TLOU have passed the point of possible failure.

We are now at a point we expect we'll be at several times up to mid-century.

i.e. New tx lines being added to the existing supply.

This is the first one , but in 25Mw time we'll be in a similar position with a higher capacity Tx line needing completion to addtional wells. Whether Serowe will be target , and Lesedi the source , I dunno.

Mamba to Northern Botswana , or Boomslang or Lesedi to South Africa are conceivable.

Orapa makes Mamba favourite behind Lesedi-Serowe imho. Why not feed Orapa as well as SAPP and Northern Botswana.

I have often wondered why Gabarone is not the chief target - I'd expect the demand in the capital to surpass the rest of the country without Orapa which is trying to manage it's own supply.

I can only guess at what the sire idiot said.

I suppose Sekaname will revalue the Pula so that TLOU earnings from 10Mw in the next year or two , and then 25Mw+ to follow from extra wells and Solar WILL MIRACULOUSLY be worth less than Seka' icome from 6Mw is 3 or 4 years time?

Let's face it , Seka need Tlou to be successful in the next 18 months if Seka are going to get the funding they need. I guess there will be Mafia money available to KE but they will have an eye on Tlou's progress too.

KE got some cash from a US bank - I wonder if they are happy to top up their investment?

The pension fund will be happier with Tlou I reckon. Their 11p buyin will soon look reasonable imho.

HB 12 years have elapsed but they were not all productive through no fault of TLOU.

The RFA fiasco which was impossible to satisfy lost all the momentum at the start , and worst , killed all the early optimism and produced a safety first approach instead of the previous laissez faire attitude that was going to have lorries deliver cannister of gas within very few years!

That mickey mouse target was soon replaced by a full blown ambition of becoming a leading energy producer which with hindsight dragged this out for eternity (it seems).

We'd have been operating the mickey mouse plan for yonks had we stuck with it and lord knows what sort of business we'd have had going into and out of lockdown?

TG has worked miracles to keep us on track imho - and we are now in the mickey mouse position we had all those years ago but with MASSIVE potential to be a power house in Botswana instead of a Disney gas cylinder provider with plans to move on to more ambitious projects?

We'd have all been out of here I suspect having made a nice profit at some point. Would we have been taken over? I dunno. The modern TLOU energy will definitely attract the big boys perhaps. But I hope we grow into a big boy with TG at the helm.

Interesting developments here - I think TG or CC have made a boob by having the latest placing when they did and how they did it.

Until today I honestly believed Orapa was in the market for gas to power their dual power generators which are capable of running on gas or oil and diesel prices are prohibitive! Switch over always looked problematic and they'd have no power while their generators were adapted to gas once the gas arrived via pipeline.

It looked to be a long term solution to me and Mamba was the obvious source.

Until Lesedi was earning, it seemed a step to far for TLOU to fund Mamba from scratch and intall a pipeline.

BUT I always believed it was coming one day until TB;s posts today.

It was my understanding (I have not checked it out at this point) that Orapa was nowhere near the grid , hence they had their own power. So, reading between the lines, it may be that the national grid was simply too unreliable for the nations main industry, gold, to depend upon it.

Imho, the current position should be attractive to anybody with any funds to invest. The incentive for TLOU to push the boat out on produce masses of gas is screaming out for the first time in history! Ok the options are only somewhere above 25Mw to Serowe , and a pipeline to Orapa maybe. Add a possible Hydrogen partnership and lord knows whether a potential Crypto mine on one of our sites.

With an income from Lesedi imminent , there will be funds that are surely going to be split between extra wells and Solar power? 25Mw maybe the target for quite a short period?

That brings in a gas pipe line to Orapa, Crypto gas , Hydrogen if there is a green hydrogen plant, OR MOST LIKELY a second TX line on a much bigger scale than the existing one.

It is nearing the time the big boys might see the potential of TLOU so the Arrow and Sunshine precedents may well in my lifeline, against all the odds? Orapa is a bit of a mystery to me at the moment. And Synergen Met? And Crypto has never been on my radar - thank X!

Anybody know when AIM allows another full placing?

What do you make of the location comment, Winni?

100km in the UK is a long way , but is it in Botswana?

mmegi.bw on Jan 25th...

Tlou meanwhile is working on options that will allow the design of the planned five megawatt substation at the Lesedi project site to be adapted to beyond 10MW. Substations are required at either end of the transmission line, one to tie Tlou’s generators to the transmission line at Lesedi and another to integrate the line with the existing BPC substation at Serowe. Progress on both is estimated at 37%.

So they were quick in completing Serowe - less than month!

The Lesedi end requires generators which will take longer than the substation by the look of it.

Canute contains all the right letters for him.

There will be more resources at Lesedi now Serowe is complete - probably to same personnel splitting their time between the two places until now.

Great RNS making 2024 look good for initial revenues as planned.

My bank only goes back 7 years and her pension was 64% of mine so over the 60%!

Was that their way of catching up on earlier underpayments and her premature death predated the break even point? What are the odds that if I claim they'll then discover she was overpaid??

I wonder if the paper statements in old filing boxes I have not opened in years will have some from earlier years?

The wind has dropped and my sails are just hanging by a thread I think.

Was amazed to hear from DWP yesterday regarding my late missus since Sept 2018 - over 5 years ago.

From my 65th birthday it seems that her pension was underpaid and I am due an unspecified amount in back pension from then to Sept 2018.

She was entitled to a minimum pension of 60% of the value of mine and they are offering me the short fall from 2012 to 2018.

Here is what I found .... they clearly found me. I don't know any figures for her or my pension from their correspondence but fingers crossed it will be worth sending in their stamped addressed envelope.

"Married women who reached state pension age pre-April 2016 and get

less than 60% of their husband's basic state pension are entitled to a

boost up to that 60% figure. This is about the basic state pension

amount, which for 2023/24 is a maximum of £156.20 a week, so if your

husband gets more than this amount in top-ups, don't factor this in.

Before March 2021, this group had to claim the increase, but the DWP

is now working its way through pension records to find people who've

been underpaid.

Can I backdate my claim? If you've missed out due to a computer error,

you can get backdated payments all the way back to your husband's 65th

birthday (or to when you reached state pension age if this is later).

This can be £1,000+ a year, and backdated payouts of about £10,000 are

not unusual."

All those green one liners for no returns?

Well done Bots - I think you must have opened this thread which has run for ages!

Free now looks very well informed. I doubt very much whether you are invested in Seka though.

They have not floated imho and are still on the bottom of the sea/ocean/cess pit as a private company.

Parent company KEB might not be able to join any respectable exchanges which should make it impossible for Sekaname too.

Free is now benefitting our TLOU community? If you are still touting the LPG and CNG route it shows how out of date you are. Imho TLOU got hold of Selemo because it was abandoned by whoever had it before - those cowboys used vertical wells and never expected TLOU to switch to horizontal wells to produce gas with a couple of months. They tried to insure themselves (against TLOU succeeding where they failed) by including royalties on TLOU sales of gas and/or electricity. I guess they believed Donley on ADVFN who swore blind horizontal well were too expensive!!!

Multiple 4000 feet verticals or a couple of 4000+ feet verticals and a few hundred feet horizontals following a narrowish seam? To my mind it is the difference between aircraft and buses!

A vertical well is an airport , a horizontal well is a series of bus stops! If you want to go from Elephant and Castle to Moorgate which one would you choose? The airport of course they'd be at the ends of the runway so who needs a plane that does not take off - like sekaname!

The other analogy that "springs" to mind is having the old water pump in the village square (a vertical well) or having mains water along the streets feedind homes off the street? It is a no brainer and I bet KEB/Seka won't be sticking to multiple vertical wells which at best produce a source of gas is being fed from a finite section of coal which wil lhave a limited life before it ceases! Horizontal wells have contact with up to 200 yards of coal seam!

Loads of points where gas might escape. If some dry up others might replace them? Do you get the message yet Donkey? We all understood this 8 years ago!

HB, you'd think that someone who experiences rejection on multiple sites under multiple names would wise up but he does not. He spent years crowing about Sekaname's 97% versus TLOU's 3% of the 100Mw as if it mattered to anybody on here! TG never wanted to commit to future prices and wanted the smallest commitment he could get away with.

And now BPC are happy with 2Mw, up to 10Mw , and onwards to 25+Mw from TLOU!

And Sekaname have dropped 91Mw on a whimsical 6Mw.

We know Sekaname represents KE , and KE are boasting they are the ONLY CBM ONLY Company in Botswana!

And that remains on the record despite them having a deal with a would-be Hydrogen rival to would-be SM that we have a partnership with.

What would he be saying about the TLOU management if we'd agreed 97MW and reduced it to a fanciful 6Mw???

He has been saying it anyway 0 not a good word for TG on anything! Including his 1.1Bn and 3.5Bn AUD sell-offs at Arrow and Sunshine which were the opposite of loss makers changing to success if you believe his twaddle!

We are into 2024 - the milestone year - not long before we see how valuable TLOU is once the Serowe link is operational. But if it drags into 2025 where will his beloved KE be by then?

Cannot imagine what brought that on, HB , but I hope you don't do Snow White either :0)

Donk does dopey imho. And does it very well!

But my favourite at the moment has to be Doc?

And my favourite Cherry is Senesi (sneezy).

He is 100% filtered this time so I have not read a word of his.

If you analyse his opinions they all come from a KE perspective!

1. He thought we'd deliver LNG not GAS to Orapa! KE were on the LNG route and still talk about it.

2. Vertical drills are what let down TLOU predecessors at Selemo - horizontal drills dewatered it for us in no time.

3. KE needed a PPA for a high MW , not TLOU!

4. Ex-presidents families matter to KE , but not to TLOU!

5. Sekaname never existed until the 2010's contrary to Donk;s statements and etc etc

Cannot imagine what Bots is claiming for this bunch of cowboys and Sekaname's PPA for 6MW ....

"Detailed documents, including the company’s minutes and share registers seen by the INK Centre for Investigative Journalism, show Kalahari Energy’s heavy reliance on tax havens and fiduciary agents that have been accused of assisting discredited individuals and companies hide funds in tax havens. According to email exchanges, Mossack Fonseca handled Kalahari Energy’s accounts and registrations in Panama and the British Virgin Islands. Leaked documents show that though registered in British Virgin Islands, the company’s secretaries and accountants, Cannon Asset Management Limited, are registered in Guernsey, another well-known tax haven.

By 26 July 2015, 23 companies and people using Botswana passports had invested in Kalahari Energy. The most prominent investor is Pula Capital, a company owned by Kagiso Thomas Mmusi and Louisa Lodovica Mmusi. Kagiso Mmusi is the former deputy treasurer of the Botswana Democratic Party and the son of the late Botswana vice president Peter Mmusi. Mmusi has refused to answer question as to whether as a shareholder he was aware of the dealings between Kalahari Energy and Mossack Fonseca."

Shady or what?

I found this little gem about TG's involvement at Sunshine Gas ...

"Mr Gilby has over 30 years experience in the oil and gas industry. He is a founding director of Tlou Energy Limited. Tony began his career working as a well site geologist for Delhi Petroleum in the Cooper Basin. He subsequently joined ESSO Australia. His roles with ESSO included exploration geology, geophysics, petrophysics and a period of time working in the Exxon Production Research Centre in Houston studying the seismic application of sequence stratigraphy. On his return to Australia, he continued to work with ESSO in a New Ventures capacity working on a variety of projects prior to relocating to Brisbane where he worked for MIM Petroleum and the Louisiana Land and Exploration Company (LL&E)."

AND THIS IS THE INTERESTING BIT - 12 YEARS AT SUNSHINE BEFORE SELLING UP

"In 1996, he left LL&E to take on a consulting role as well as the acquisition of prospective Queensland acreage in a private capacity. This work culminated with the founding of Sunshine Gas Limited where he remained Managing Director until its sale in late 2008."

TG LOST NO TIME AT ARROW BECAUSE THUS WAS IN 2008 AT ARROW .....

"□ https://www.ft.com > content > 9b4ac8a5-0655-34c6-9d42-463cf184d0b1

Shell, PetroChina and Arrow: the next big resources ...

The latest is a $3.4bn joint offer by Royal Dutch Shell and PetroChina for Australia's Arrow Energy. Arrow announced on Monday it had received an indicative proposal worth A$4.45 a share in...

□ https://www.ft.com > content > f2b9dea5-ce88-39b3-b90b-6ac46335873a

Shell, PetroChina offer $3bn for Arrow | Financial Ti...

Royal Dutch Shell and PetroChina have made a joint offer thought to be worth at least A$3.7bn ($3.4bn) for Arrow Energy, which holds Australia's biggest coal-seam gas acreage. Arrow said on...

https://energycentral.com > c > ec > shell-petrochina-and-arrow-next-reso...

Shell, PetroChina and Arrow: the next resource grab

The FT has an article on a joint Shell / Chinese takeover bid for Queensland CSG producer Arrow Energy (I was pleased to see they included a link to my old coal seam gas post..."

Anybody with an FT subscription??? Links need one this was just the summary.

Over A$4 a share compares well with our 3c share price?

And 3.5bn suggests roughly a billion shares bought?

And that was 2008 too!

Looking on the bright side, we are absorbing the costs of the TX lines until BPC sign them off and take responsibility, and then we hope to receive some revenues. Those revenues should include recompense towards our cost in installing the TX lines. I hope BPC seriously consider the phrase "time is money" because we have used a lot of that. It is paid through the unit price so no lump sums afaik. But we get that increase for the life of the project? BPC are unlikely to have squared us up for TX1 before TX2 is needed which is not ideal. Will TG want to cash in before that point?

This numbers games beat everyone today BUT Rachel knows it is possible and took it home after the programme.

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