Member Info for JustScott

https://m.youtube.com/watch?v=r0qUceamGF8

BTS, I would assume it has been cancelled or expired..

RNS Feb 2017
The key terms of the Agreement are summarised below:

? Tlou and IPC to jointly develop the IPP Project;
? IPC to prepare a feasibility study for the IPP project to the satisfaction of both parties;
? Tlou and IPC to jointly prepare the RFP Tender response to submit to MMRGTES;
? IPC to arrange funding on behalf of the IPC and Tlou sufficient to support the RFP Tender;
? IPC and Tlou to bear its own costs in fulfilling its obligations under the Agreement;
? IPC commitment to fund half of external costs incurred to prepare the RFP Tender, up to
US$200,000; and
? the Agreement provides for exclusivity up to 31 December 2017, unless terminated earlier
by either party.

Hmmmm.....Brushed under the carpet?

Yeh Brad theres some fascinating stories out there in the world of horse racing. Great when the public get the price wrong, your selection drifts then wins, even better when the bookies get it wrong and mark them up to big only for them to steam into being fav and win. Happened to me last winter. A/W race, horse opened up at 12’s, I took 9’s, was back into 3’s. It was beat on the line, but a Stewards Enquiry saved me as the winning jockey deliberately hampered my horse for the last 50 yards. Painful to watch but the right outcome in the end and a nice win.
I don't follow Flat Turf, tho do have 4-5 bets over the season on the classics...Just Jumps and the odd A/W for me. I Started to look again last week at Cheltenham and will punt on them for the next 6 months, then I switch off end of April lol...

Brad, the lesson learned there is to never give away your formula/System to anyone. Its a system killer and the absolute worst thing you could do... Been there back in 2007, had a solid horse racing one for 2-3 years. Told a mate one Saturday half drunk. He messaged me on Monday saying ‘holy fk there were 5 of them picks out today and 4 won’. Bout 6-8 weeks later it started to fail for the first time and even today is a big no no. P.S. havent seen that so called mate in 11-12 years now. Lesson learned!
You mention a price drift from 13/2 out to 13/1. Heres a gooden, Dec 11th 2018 I backed a horse at Uttoxeter in a Maiden Hurdle with bet365 at 7/2....Couldn't believe it when I tuned into watch it and it went off at 12’s. Im like wtf cant surely be that much of a donkey.... Well it went on to win by 11 lenghts. I had a nice we smile on my face that that as Bet365 give B.O.G.
P.S. horse was called Espirit Du Large and a punter I associate with told me it touched 28.00 before the off on Betfair lol...

Lol

That makes 2 of us BTS, we are as thick as 2 short planks;)

An RNS that doesn't have ‘CHRONIC’ in it. Utmost respect for that, top-up from me hehe... Now get Colin up next for an interview with Andrew Scott saying ‘Chronic’ without a smirk on his face haha...Bet you he cant:)

Anyway, I’m surprised they didn't mention they expected a 20mcfd increase per month as some folks claimed they told them in private emails???
Thankfully they didn't tho as it would obliterate the SP having to possibly wait many many months for commercial flows and 18+ Months to get anywhere near Selemo peak rates which where achieved in 4 months.
I'll stick to my guns a say they'll hit +350mcfd from ‘both’ pods before end of 2019!

Wake me up then.

Too true Whizzer.

Gl.

Yawn......

Similar chairman statements for the last 4 years, just worded differently.

Back to sleep now....

GLA

ZzzzzzzZzzzzz

Too true Chukkers. Fingers crossed it is commercial for everyone.
Gl man.

More meaningful subject Brad? Maybe we should all talk about pirates with chua chua’s on their shoulder riding motorbikes with doughnuts for wheels, Then maybe watch some Easy Raider afterwards?

200 pods is a long time away if it ever gets there, and at a cost of 1.5M USD per pod thats a whopping 300M USD. How do they expect to fund it if each pod is only producing 50mcfd? I cant believe they would actually be happy with those ridiculous figures. Each of these wells need to be hitting a minimum stable flow rate of about 140mcfd to supply 2MW imo. If 50mcfd is the ballpark figure they're happy with then they need to spend another 6M USD on 4 more pods to get 2MW. That would be a total of 9M USD (excluding seismic and core-hole drilling) for 6 Pods to bring in approx 1.5 - 2M USD per year. The life span on these wells would need to exceed 5 years to pay for themselves let alone wages and other operations. 5 years is a bit of a stretch for an average CBM well, tho there wells that can go 15yr.
Like yourself I hope my figures are closer to the final stable flow rate than that of 50mcfpd.

Chukkers, he means each pod as he referred to my post of 100mcfpd from each pod.
Even so, lets say 32boepd, that wont cover salaries, never the expense of current operationd. Say depletion of the wells are depleted in a conservative 4 years. They will have accumulated about £2.5M between them, In 4 years!!?? It cost a hell of a lot more than that paltry return. They would be operating at a loss..

The Swan. ‘Setting expections to the market’? Lollol...Mike asked a question of what we are realistically expecting. I gave my answer, my expectation, a positive one! If 100mcfd from ‘2’ yes 2 dual lateral pods is going to keep the company happy then the company will be a laughing stock! Millions spent on seismic, core sampling, dual pod drilling and Bod wages that we paid for, for 16boepd? Pfff.
I think ill keep to my positive expectations, cos if i thought 16boepd was the forecast stable flow rate for 2 dual pods I would have been gone long long ago.

Hello CMikeB. I for one am not expecting 20mcfd increase per month, more like 20mcfd per week!! If 20mcfd per month is the case then I'll wait for RFP and financing RNS spike and bail out until Mamba or Boomslang exploration begins. What I’m expecting is an RNS tomorrow or early next week that they're hitting an absolute minimum 50mcfd per pod and potentially +100mcfd per pod (very possible). If not then these wells aren't preforming as well as others drilled in the past, and will say it all for me..
I'm probably setting myself up for some major disappointment here. Who knows? Only time will tell.
Thats my opinion, GL man.

True JTD, the SP is a sh*t show at the present time. I ask myself, should I leave and invest elsewhere?, then I catch a grip of myself! I want a return for my time & investment, and all the good news is just around the corner. Hmmm, Jeez how many times have I thought that too lol...
Heres hoping..

GL.

Whizzer, you're here a bit longer than myself - 3 years come Jan/Feb with the intentions of staying invested for 4 years or so, extended to 5 years due do RFP delay. Did’nt realise at the time how far we were away from production and the many hurdles we have faced so far. Having patience in the AIM markets is an art I realise I do not have...Aahhh 17p, what I would do for that SP year end... SELLLLL!!! Lol... well... top slice at least.
Maybe... just maybe it will be 3rd year lucky for me come Q1 2020 and everyone else involved.
We live in hope

GL

GL

Whizzer, you think 2 years is long here? What about 4.5 years for some investors reading the same old bull year after year. Heres some wording from 2015 RNS’s.

Tlou has made significant progress on its downstream plans for the development of gas-to-power projects in Botswana. During the quarter, Tlou has had discussions with a number of power development, investor and lender groups, mainly based in the United Kingdom and Europe where there is a strong appetite for African based energy projects.

There is considerable interest from these groups to partner with Tlou to initially develop a 10 MW gas-to-power project in Botswana and thereafter further expand to cover the chronic energy supply shortfalls being experienced in Botswana and throughout Southern Africa.

CHRONIC!!!! How many fecking times have I read that over the years and listened to Colm spouting it. Same old same old!!

Just wish da fk CC would shut up about the Chronic shortages before I die of Chronic Fatigue Syndrome waiting for tlou to actually give me a positive return for my investment here...

Rant over.

Oh and yes, Update next Friday on flow rates please so I can have a good weekend!!

Over & out!

Chukkers, the link to your posted report says on page 33 also that Selemo was completed as a single lateral
You been reading with your beer goggles on lol..

Last post, i’ll catch uo tomorrow after a drunkards wash ha.

Chukkers. Here:
Drilling commenced in May 2013. Tophole drilling was completed by the end of June 2013 and the Selemo 1A- R well which intersected the Selemo 1P well was completed in August 2013 following the abandonment of the Selemo 1B well. The company noted that the path of the Selemo 1A-R well remained within a good quality coal seam without intersecting any major fault lines.
The lateral Selemo 1B commenced drilling in August 2013. However, this well encountered problems which eventually led to the drill string becoming stuck in the hole at 536m measured depth. This well was subsequently suspended and Selemo was completed as a single lateral pilot pod. At this point activity moved to the Lesedi pod which was designed to be completed as a dual lateral pod.
Page 12-13 of the report. 13 gives flow rates
http://tlouenergy.com/wp-content/uploads/2017/02/170123-Optiva-Securities-Research-Report.pdf