Member Info for JustScott

Good to see someone topping up Brad..I’m already up to my neck here, but will add a few more if and when there’s good news to justify it.

Just need the 2017 Rampsta Crew back in full swing here and we'll be double figures in no time lol.

Probably another delay in RFP submission. Wouldn't surprise me in the slightest.

Awe, MrP missed out on a 40% trade... HaHa.....

That would be a nice surprise:))

Yes JH77, just checked that both announcements were made the 28th of the month. So here’s hoping for 3rd time lucky on 28th Sept:)

Gl.

Bronxville, The agreement was announced in the last week of March, Cant remember exact date. , it was an exclusivity period that was announced at the end of 2017.
We will all know by the end of September. So a Good few weeks to go to yet.

GL

I forgot to add that an article at the start of this year stated that Total SA is expected to spend $8.3bn over the next four years on conventional, unconventional and CBM gas projects.
Just saying:)

Gl

Total Botswana are increasing their presence in the country. Nothing about Tlou Energy, but still an interesting read.
http://www.weekendpost.co.bw/wp-news-details.php?nid=5543

When I read this last night and remembered Colm Cloonans Interview with Justin Waite back in June. CC is asked to name 3 reasons to make people hit that follow button, 1 of the reasons was- ‘Since expanding our gas reserves we’ve had much more interest from larger companies including power generation developers predominantly around Europe have expressed interest in getting involved with the company’.
https://audioboom.com/posts/6887626-asiamet-resources-ars-tlou-energy-tlou-versarien-vrs-and-botswana-diamonds-bod

With only 3 Major European O&G producers operating in Botswana (?) and Total wanting more presence, Tlou could well be the perfect partner/target.
All eyes from these Majors will be watching the Governments response to our tender...

I'm still very positive on the result and the company.

Gl.

Totally agree Tom. Hopefully a fast-tracked response from RFP submission now:)

Gla

Looks like the BG will fast track the RFP process this time-

‘A couple of energy companies have lined up a number of projects to address the energy supply in Botswana and across the region. However these projects are yet to reach the operational stage, meaning that they will have to be fast-tracked to address the deficit that is projected in the coming years.’

Hopefully only 6-8 weeks, possibly less, from 12th Sept we will know the outcome..

http://www.thepatriot.co.bw/business/item/5926-energy-demand-to-grow.html

Seems Tlou Energy’s presentation last week is getting the message across.

Roll on, good times ahead..

I'm sure you all have seen this Bottom Classic at some point if you're from U.K.
One minute long. Have a good chuckle :))

https://m.youtube.com/watch?v=_x_bO6YnxAU

Craig Howie, analyst at Shore Capital, in a note this morning added: “We are now very encouraged to see the formal re-tender process moving ahead and believe that Tlou is superbly positioned in this regard, given the advanced nature of its flagship Lesedi CBM project in Botswana.

He added: “Our fair value estimate stands at approximately 25p/share and, with the formal government re-tender process now underway, we continue to see excellent scope for Tlou to become a leading Southern African-focused independent power producer.”

Good to see we're back on track. H2 2018 into H1 2019 could shape up very well us LTH’s..

Gls all.

JTD, The answer to your question is in the April 23rd RNS:

The Company is also considering the purchase of another rig capable of drilling lateral and vertical production wells. There is a paucity of suitable rigs available regionally and the purchase of a rig would give the Company increased optionality and potentially offer significant cost savings compared to using external drilling contractors.

There will be no Custom and no ‘bringing it over’.

No BS, All good to me matey..

Thanks Tidd, a very plausible reason. I'm sure we will find out soon enough.

Atb

Thanks Caposoka. I didnt see they had the same contract number. Just trying to inspire some ideas around them as they both seem to relate to the contract we’re hoping to be awarded. Fingers crossed the answers aren't that far away..

Gl all.

Thanks JTD. Looking more and more likely the BG is fully behind the project. Only time will tell and im pretty sure it will all be in the new tender, hopefully announced soon.

Gla.

Thanks for your input Brad. Yeh I thought the first was for a job too. An owner's engineer (OE) is appointed when a project is being developed, built or operated, but the developer doesn't have the manpower or expertise to undertake this alone. This could be a positive as the BG are wanting there own man onsite to make sure guidelines, timelines etc are met? As for the second I thought was maybe to do with financing etc a CBM project? Tho I'm probably thinking way outside the box on that one lol.
Still all good tho that there are CBM tenders out there which tells me that CBM will be a part of Botswanas energy mix.

Could we receive the RFP this week giving Tlou 1 month to check and submit the documents?

Heres the link

https://www.onlinetenders.co.za/tenders/botswana?page=8