Member Info for BradSmith

Winni , do you know how much influence the Govt have over the Pension Fund investments?

None through 100% seem equally likely? Did the Govt order the PF to invest at 11p equivalent and then regretted doing it? Or did the PF think they were onto a good thing and regretted how much they put in at such a high sp?

We pledged $3m to SM when they tried to float. I hope that pledge has lapsed.

I am struggling to find a reason for a bung that would make much difference.

We have all the permissions we require according to our directors.

There is the withholding of future permits by Lefoko which is a worry because Donkey reckoned they did not apply to us. Financing our builds would be great but the Govt cannot risk claims of corruption if they don't fund everyone and look to be favouring the bungers?

Tlou's whole world is sat on it's hands waiting for the final bits of the Tx to be finished and then it will be all hands to the pumps to optimise gas flows for new Lesedi generators. I am frightened to look at the targets for the placing in case we are short on our critical path. There has been a few million in the coffers for a while so hopefully it is not dire yet. Some of out potential creditors might want a few spare shares left over from the placing. And there was talk of UK being tapped up - those sophisticated shareholders again perhaps?

You may be right Free. I suspect he will not want to start again from scratch elsewhere and retirement may be equally unattractive for someone with his lifestyle and history. If the DOC ends up as CEO and MD he is likely to want TG's experience on hand for his Oil and Gas nous and a part-time role in semi-retirement may suit Tony.

Thinking about it the board have kept their private lives very quiet? TG could be a mountain climber and scratch golfer for all I know. If we have a celebration one day I hope he'll join us.

Free from the subject line it looks like the filtered one is going to try and brainwash you. Don't get dragged in like I have been for years. I was the 21st century Henry VIII (defender of the faith) trying to stop the idiot from clouding potential new investor's minds with talk of the wrong type of methane, TG was not to be trusted , Civil war on the horizon etc etc etc - all bollux! Imho 2024 will become the watershed , TG will complete the TX line and only then will he concentrate on maximimising gas flows to new generators. Before that higher flows will merely create bigger flares that heat amd maybe pollute the atmosphere in the Lesedi are.

The Govt are not pressuring TLOU because they understand the above and know TLOU are going for lower power output to start with and will then escalate flows and power output with their earnings from the early production. 25MW+ is not that significant compared to the imports and exisiting coal fired generation.

I feel that Free is right - and the exponential growth from 2Mw to 10Mw and then up to the TX line maximum of 25+MW will be rapid compared to what we have seen. There is a possibility that TG's intentions are to sell out at that stage and allow the buyer to build the next TX lines and turn TLOU into the major force we all hope for.

I hope not, I still fancy seeing TLOU as a Solar, CBM , and Hydrogen power supplier. KE are following us and have an alternative Hydrogen dreamer to SM! I hope I live long enough to see one of the partnerships succeed.

The sp of the winner will go through the roof!

Our buyer could be the government of course. A nationalised CBM/Solar/Hydrogen industry employing locals and exporting energy will surely appeal to those who do not like the country being dependent upon diamonds and tourism.

Blue cards for a new sin bin in football is a step forward. Two soft yellows = red is often ridiculous.

I am back in the real world!

For the the first time ever he is supporting the green mission that TG is on.

I have absolutely no urge to unfilter him at all.

He can do his worst and cannot lower the price or the expectation on here.

I have tried to find evidence that TLOU's predecessors took Donkey's advice. i.e. Vertical wells that TG rejected unless they had horizontal wells feeding them. I am pretty sure he did and this RNS seems to suggest TLOU added the horizontal drill to form Selemo 1, 2 and 4 - all 3 with a horizontal well ! 2 and 4 helped with dewatering and Selemo 1 was productive! Only a fraction of the flared gas was then tapped into a generator to produce the onsite electricity?

"Thursday, 25 February 2016 10:45

(Ecofin Agency) - Tlou Energy has announced the startup of gas testing program from the Selemo 1 pilot well in Botswana. The well which is situated at the company’s Lesedi CBM Project has commenced gas testing with the aim of providing proof of a workable gas production rate attainable from the field and develop the first wells flowing commercial rates of gas in the country.

With the gas testing in progress and the two new wells on each side of Selemo 1 are positively guarding water from the central and main producing well. Initial outcomes at the Selemo 1 well have been reassuring having accomplished long periods of constant gas flow in line with expectations and maintained estimated flows. Incremental pressure drops are currently being performed and the data will be integrated into field development plans, as part of current off-take agreement discussions and towards the first independent gas reserve authorization in Botswana."

29th July 2016 https://announcements.asx.com.au/asxpdf/20160729/pdf/438x86xg00mv0t.pdf

" June 21, 2017

Tlou Energy, a company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), is pleased to announce that it has generated its first power from CBM at its field in Botswana following the installation of a Gas Generator at the Selemo project area. The Company has the most advanced CBM project in Botswana, the Lesedi Project, and already benefits from significant, independently certified Contingent Gas Resources of 3.2 trillion cubic feet (3C) and independently certified Gas Reserves. Tlou has been producing gas at Selemo for approximately 12 months.

• First power generation from Tlou’s CBM gas field & first power generation from CBM in Botswana.

• Significant milestone – provides evidence of the ability to generate power from Tlou’s gas.

• Use of CBM gas will reduce the Company’s spend on diesel,

• CBM gas is cleaner than coal fired power. The Cummins G8.3 generator can supply up to 60 kVA of power and has been customised to run on a small portion of the gas currently being produced at the Selemo pilot which would otherwise be flared. (Source and image: Tlou Energy)"

I know Donkey has invented a false history for Sekaname and denied my 100% claim that KE created it purely to obscure their attempt to become a preferred bidder! As a dodgy South American company with shady connections to Ecuador that looked like a potential impedance if it went mainstream , the opened an office in Botswana under the name Sekaname logo to give the appearance of a local company that the Govt would welcome.

Donkey has tried to claim Sekaname is not KE in disguise and evidence is difficult to retrace e.g. KE insisted on a large order for electricity or they'd withdraw from the process. Hence that 100Mw offer that TG did not want - he did not want to commit TLOU to 201? prices with rises likely by 'go-live' day!

Imho KE needed the guaranteed order (100MW was enough) to raise funds for a much larger operation than TG planned for starters.

I did find this today, clearly defining Sekaname's role (final sentence). They are a mouth piece for the South Americans. KE withdrew once they got the 100MW included in the process and had set up Sekaname. Hence the 2 preferred bidders - why would they want to be presented twice?

"About Kalahari Energy (Botswana) Limited

Kalahari Energy (Botswana) Limited (“KEB”), is a gas exploration and energy development group of companies based in Gaborone, Botswana specialising in the extraction of Coal Bed Methane (“CBM”) from coal. As part of its business portfolio, Kalahari Energy (Botswana) Limited possesses a number of coalbed methane prospecting licences and permits in Botswana along the eastern side of the Kalahari Karoo Basin. A significant recoverable base of CBM has been identified during exploration and evaluation activities and confirmed by independent feasibility studies. Sekaname (Proprietary) Limited is a wholly owned subsidiary of KEB that holds its Coal Bed Methane gas licenses."

Royalties for Selemo are possibly due to KE , but Selemo was started by a partnership and is a bit vague. Could the royalties be transferred to Seka? I doubt there any royalties due anyway but I am not certain of that. And why isn't all this history readily available?

Watching a boring 0-0 between Plymouth and Leeds , two places I lived in after I left home.

It dawned on where the filtered one was coming from!

As a Sekaname supporter of course the 100Mw was a proof of concept for him!

Sekaname failed the RFQ and therefore their proff of concept test! TLOU were being governed by TG who have proved the concept at all 3 of his CBM to Electricity ventures and it was a case of when not if he succeeded!

Enough on this .... and back to the boring 0-0!

Should there be PROOF that they do have adequate resources? Where is concept?

TLOU ere awarded 2Mw or 3MW of the 100Mw and Sekaname disappeared off the horizon?

How was that 100Mw a factor in the concept???

Where is the 100Mw now? What use is 10Mw in the concept?

I am going to filter you because I have always had a reputation for not suffering fools lightly.

It is not an accurate view - but fools who keep making the same mistake definitely do rile me.

And you are the biggest clown I think I have ever engaged with.

How can any grown man confuse thiese words as you have?

"Some of you are saying we have more than an abundance of gas, CBM. From other quarters we hear that those have not been proven." It is self explanatory so if you don't understand that there is no hope for you!

Https://www.mipueblonatal.com/images/mummy-photos.jpg

Do not change the subject ...... Proof of Concept? Why should I not love TG? Why would we have stayed at Selemo (a site selected by our predecessors)? Why would we want to pay royalties if they can be moderated? My £300 pm account now holds more than a million shares @ average of 2.3p and has saved me custodial charges of £24 per quarter. Those £24's have bought me shares instead of leaving me short.

You were a PPA supporter - I never was (selling power was never going to be hard) - Moagi gave us one (so to speak) imho to bring good news amongst lockdown disappointments etc. It was hardly sensible but he meant well.

We need time to see the truth about his conduct - part of which is expectancy of TLOU's joining the grid this year. It will be historic and set an example for the Canadians and Govt to follow perhaps. Moagi is still the Minister so their cabinet is more on his side than your newspapers.

PS CONCEPT DOES NOT FEATURE IN HIS SPEECH!

Concept is proven at any site that extracts CBM and generates electricity using it.

Can as replace diesel in other words?

So it comes down to whether trillions of cu ft is adequate , clearly so , AND CAN WE GET AT IT!!!

GAS is flowing and TLOU cannot use it so they do not not need it yet!!! Apart from proving that it will flow faster when they want it to. #6 sounds very promising and the changes to #4 too.

Henry Ford did not manufacture millions of cars to prove he had one that worked - that came once people ordered them based on the first ONE! That is where we are imho .... we need a few more #6 drills once we can afford them.

The two main cynics on here reveal their bias in consecutive posts.

Whizzer how do you justify "We have well over a billion shares in issue"?

1.076 bn is 0.924bn short of 2bn - I think most people would say 0.924bn is almost a billon.

I bn short of 2bn is1bn si well over is rubbish!!!!!

As for BOTS his self-contradiction is there for all to see? Eric is a dolt and source of truth in the same post?

Fact is tossed down the sewer too!

FFS , Donkey was the person who first mentioned the royalties that are payable at Selemo.

I have little doubt that Lesedi became the target because it does not sit on the same plot as Selemo and those royalties do not apply.

The royalties are due on the sale of GAS or the sale of Electricity (3% on one or 12% on the other but based on profit rather than production levels). I think TLOU have been very clever because I have never seen the accounts reflect how much is outgoing in the form of royalties!

We have used the gas to generate onsite electricity , saving 50k barrels of diesel pa - a significant saving on cost and green credentials. The crucial thing is we are neither selling Selemo GAS nor ELECTRICITY so no royalties are due???? The fact that Selemo has been productive and proved the concept yonks ago does not make it irrelevant. Isaac Newton's theories and proofs are even older but are still valid!

I still have the video so here is what Eric ACTUALLY SAID and it shows he does not have any bias at all and was willing to support us with an open mind if there are adequate resources!!!!! How many trillion cu feet do we have???

https://drive.google.com/file/d/1-BUly0i1FM7Sn9W2uIsILoHUfe0Hbc90/view?usp=sharing

I don't see a dolt at all , I see Massisi in the same dilemma in my imagination. He has to decide if TLOU are credible despite TG's history of success in CBM projects. But listen to Eric and decide how sensible he was.

Sekaname and his officers are the dolts imho.

"If ot (Selemo) was that good, then the subsequent drills would never have been needed."

Are you really that stupid BOTS???? Royalties were your bee in the bonnet and were why they moved to Lesedi , FFS!!!! They also abandoned a broken drill at Selemo so maybe the terrain was tougher than Lesedi too?

Don't argue with me - address your self-contradictions first!

You say that! Proof of concept was provided in 2014/2015 onwards when Selemo started providing electricity to the area, saving 50k barrels of diesel p.a..

But you ignore good news because it is beyond your comprehension along with anything that needs a brain and an open mind.

Ian Kharma , Eric Molale etc ? And you think I AM LIVING IN THE PAST??? Selemo is still producing electricity - how much proof does the concept of using CBM to make electricity is needed? Does copper conduct electricity?

30c up to $3 is enough for every shareholder to be in profit , even you if you bought at the 17p peak as we suspect? Unless you were too stupid to average down since then - which is very possible in your case.

Funny how Eric goes up in your estimation when it suits you? Some of his officers had doubts whether there was enough gas , he never said that he did!!! With his fat guts he chose to use a belt and braces approach - but Lefoko Moagi has no such problems. And you have delighted in the bad publicity that he is suffering from currently.

He has not been sacked because he is carrying out Massisi’s orders imho. He got involved in energy and needs to learn how it all works. Either that or the Canadians need special attention on some issue. There is smoke but no fire.

Bit lke Sekaname flares maybe?

There are ways and means BOTS ....

If a young couple buy a cot and decorate a bedroom with Disney Cartoon characters , do they need to tell you they are having a baby (naturally, adopted or surrogate or whatever).

Pressing on with the TX lines and substations suggest TLOU are expecting to generate electricity once the Lesedi substation is ready to accept a generator. Installing that generator suggests they have enough gas to power it up. If that were not so then the focus would be on finding the required gas to justify the expenditure on the TX lines etc..

Telling us the current story in full has backfired in the past. Any shortfalls are not taken as c'est la vie but brand the company as under-performing idiots - so why announce unnecessary figures for the critics?

2024 is still the target for first delivery of power to Serowe and much needed income. 1.07Bn is quite a way off 1.4Bn BOTS I don't understand why you persist in saying it is huge. Kenmare had a buy back to change their price from pence to pounds. If TLOU match Arrow and Sunshine valuations take us from 3c to 30c and $3 for 1Bn shares. Plenty of scope for profits on my 2.3p average on AIM and 6.8c on ASX.

DTE post highlighted the size of the buys today on AIM , so many 6 figure buys , now thos punters know the worst from the placing. But who is selling those numbers at today's prices? UK investors expecting to get an excellent price from TLOU for new shares perhaps? Tonight's ASX session may be interesting if they follow suit.

1,076,536,717 ordinary shares may be used by shareholders in the Company!

Dilution below ground at Lesedi , and in Brisbane HQ books, are the bad news and good news?

Both lower than intended?

Rode the motorbike to football yesterday after breaking 4 ribs on new years eve with no ill-effects!

Could not believe the female steward checked me over , trouser pockets (wallet in one, keys in t'other) and then said I needed my bags to be checked! She thought my jacket pockets were bags??? Two choc bars!!!

Unbelievably? How many 76 yr old rockers has she met for X sake?

3.5c was the be all and end all factor.

My hope was that the Aussies and Botswanans were giving off vibes that encouraged our directors to think the price was about to explode at the slightest excuse. I wasted so much time trying to maximise my contribution on ASX including using my late wife's savings against my private desire to never gamble a penny of them on stocks.

I was willing to lose money @ 3.5c in order to benefit the company in 2024 - a critical year imho.

The Doc does not share my goodwill, 3.5c was far too high for 2.9c shares for him , as were the equivalent of 1.82p for 1.55p on AIM if that was allowed.

Whoever decided that our stable 5p+ price should be sold to sophisticated minorities for 3.5p caused this!

I still think that the lack of options that came with that 3.5p price should not have lowered the rule of thumb share prices always reduce to less than the issue price.

I applied for over a million shares , an extra 3%+ on the 32m shares. They have raised less than £1m before costs which were £0.7m on the previous placing. After the disappointing failed OPTION debacle , i.e. 4.4p options when 5p+ was expected to rise over the 2 year option period - killed off by dewatering delays , Covid and that sophisticated issue @ 3.5p - TLOU have not tried to make good with us mere mortals.

With the bank rate at almost zero , and talk of negative interest , TLOU missed the opportunity to grab our spare cash now the bank rate is over 5% and ISA rates the same.

I felt guilty afyer my ill-founded criticism of those private deals with the Doc and others instead full placings, so I tried to support this placing! There appears to be an obsession with 3.5 whether cents or pence in the two failed placings.

I don't know if this is permitted - but if it was down to me I'd have resurrected our failed OPTIONS at 4.4p and 8c , intended to be a bargain price at the time, and made them actual bargains. 2.2p and 4c scream out at me. Could they have offered OPTIONS @ 50% of the prevailing prices in that 2 years perhaps?

With hindsigh some of the subsequent placings may have been unnecessary but that is with hindsight.

Judging by the lack of support i got from every quarter on my efforts to fund TLOU, TB, plus the ASX price being 2.9c, I am expecting an unmitigated disaster on the placing. There seems to be no underwriter , and shareholders requesting excess shares will be denied those that take their holdings above 20% of the company.

The only commitments seem to be from our directors themselves. Our main underwriters will get fistfuls from their 4/11 entitlement - so it depends upon their goodwill I guess. 1.82p is going to be a bargain - but the open market 1.55p is a bigger bargain if there are enough mugs selling at that price.

Finally clear of the farcical placement so could safely fund my account for my small monthly top up.

The prices 1.55p , 1.55p and 1.58p in order behaved as I would expect this time.

So I suppose they reduced last time purely because a cheap sell was requested whilst I was buying at a marginally higher price. 2.9c close on ASX suggests under-subscription @ 3.5c by some distance.

BOTS,YOUR link states clearly ....

"The index reveals that local electricity generation rose by 34.7 percent, from 660,349 MWH in the second quarter of 2023 to 889,535 MWH in the current quarter. In comparison to the same quarter in 2022, there was a year-on-year increase of 12.7 percent, from 789,354 MWH to 889,535 MWH. The majority of electricity generated during this period came from Morupule A and B power plants, accounting for 97.1 percent"

So how does that equate to "So a 600MW plant has consistently delivered well below 50% of supposed capacity."

A quarter is about 90 days so 889,535 MWH is roughly 10,000 MW per day which is 416 MW per hour.

Demand over any 24 hour period will have peaks and troughs - during troughs generation will be wound down - so , to achieve a 416 MW average, the peak power would have to exceed 416MW for the same durations.

97% reduces the numbers a bit but nowhere near less than 50%. Maybe Botswana energy is healthier in 2023 than it is feared?

What a tragedy! The best skater I have seen in my life at 15 yrs old, now 17 yrs old , banned for 4 years from competing because of drugs GIVEN TO HER 2 years ago!! Nothing will convince me that she asked for those drugs at that age or even understood what they did for her performance, Her coaches etc should be banned but NOT HER!

The world has been robbed , yet again , of the greatest talent in his/her field. Cassius Clay and now Kamila at their peak in all likelihood. Gutted!

Nice one Bots.