Member Info for Lekka

Tlou Energy Limited wishes to announce the decision below made by the Public Procurement and Asset Disposal Board (“PPADB”) and published in the Botswana Daily Newspaper dated 14 May 2019.

Board Decision

MINISTRY OF MINERAL RESORCES, GREEN TECHNOLOGY AND ENERGY SECURITY
Tender No: PPADB 0/7/11/3-1

Title: The Ministry of Minerals Resources, Green Technology and Energy Security’s request to engage in negotiations with the following bidders in respect of a tender for Development of a Maximum of 100 mw Coal Bed Methane Fueled Pilot Power Plants in Botswana:

1. Tlou Energy Limited, and
2. Sekaname (Pty) Ltd.

Decision: Approved.

Submission Date: 07.05.2019

The Company will liaise with the Ministry of Minerals Resources, Green Technology and Energy Security and the PPADB to obtain further clarity on the above and will update the market once official confirmation has been received.

Thanks BTS for clarifying how optimistic I am ;-)

However selling at 7.1p indicates a rise from yesterday, crumbs but looking hopeful.

...but think today's trades are all buys!

Tlou Energy Limited is pleased to announce that Botswana’s Department of Environmental Affairs (“DEA”) has approved the Environmental Impact Statement (“EIS”) for up to 20MW Coal Bed Methane (“CBM”) Power Generation, a 66kV Transmission Line to Serowe and a Solar Farm up to 20MW.
Highlights
1 Downstream EIS approval is a major achievement as it is the final environmental authorisation required to move the Lesedi CBM Project through to commercialisation;
2 The EIS is for all the specified project activities in the Company’s application and is valid for 30 years;
3 The approval provides the Company the flexibility to rapidly expand to 20MW of CBM generation and provides additional approval for a Solar Farm of up to 20MW;
4 Upstream EIS approval is already in place.

Can't understand why ASX SP is higher than UK SP.

Tried calculating the Australian mkt. cap and converting to Sterling and ended with Oz shares 25% higher?

What am I doing wrong?

Apologies as the cash flow statement will not be a RNS.

To summarise: $AU 5.22m in the bank at end of quarter to March 2019 and $AU 0.986 expected to be the next quarter expenditure.

Hope that is useful!

1 Mining exploration entity and oil and gas exploration entity quarterly report

2 OPERATIONAL REPORT - QUARTER ENDING 31 MARCH 2019

Key points:
? New highly prospective 1,000 Km2 Boomslang CBM Prospecting Licence awarded;
? Drilling operations completed successfully at the Lesedi CBM project, on time and on budget;
? Production testing underway at the Lesedi 3 and Lesedi 4 production wells;
? Receipt of confirmation that the Company’s tender proposal has passed eligibility and technical sections. Financial section currently being assessed and a definitive result on the process is expected in near term;
? Capital raising totalling A$4.1 million completed post quarter, end with sophisticated and institutional investors in Australia and Botswana, adding significantly to the existing cash balance of A$2.5m at the end of the period.

You shouldn't be much older............. as it is imminent (according to my tea leaves!)

Bob check out:

http://tlouenergy.com/lesedi-solar-project

Definitely 'something like that' !

I don't think the major Cobre client will resume business.

{Just trying some reverse psychology (or not)!}

Brad, I use ethernet (yellow) to Solwise 1gb adaptor in mains power socket. Then using a Solwise adaptor and a Netgear 5 port to connect TV, BT box and 2 Humax boxes. Elsewhere another Solwise and ethernet cable to PC and again laptop when speed essential.
Still have more Solwise to plug into mains for grandchildren to use where wi-fi inefficient!
Our tablets and mobiles use wi-fi.

Now you have a complete rundown of our connectivity and the end of my technical knowledge.

Best of luck.

Brad choose from a wi-fi extender/repeater/booster and connect router into mains by ethernet.

I use mains and ethernet for 1gb+ everywhere!

Trading so far would indicate increasing optimism for the RFT outcome.

The proceeds of the Placement, along with existing cash provides further working capital for ongoing activities including exploration and downstream development work, continued gas flow testing at the recently completed production wells and efforts to secure a power purchase agreement. The Placement price represents approximately a 4% premium to the closing ASX share price on Monday, 15 April 2019 of $0.096 and approximately a 2% premium to the 15-day volume weighted average price, for Tlou’s shares traded on the ASX of AUD$0.979. The Placement shares will be issued within the Company’s Listing Rule 7.1 and 7.1A placement capacity, recently refreshed by shareholders at the 2018 Annual General Meeting and, as such, shareholder approval for the issue of the Placement shares will not be required.
Application will be made for the quotation of the Placement Shares to trading on the ASX, AIM and the BSE, with admission to trading on the ASX expected to occur at before 9.00am on 23 April 2019 (AEST),and on AIM and BSE on 25 April 2019.

Tlou Energy Limited is pleased to confirm that it has successfully completed an equity placement to Sophisticated Investors totalling BWP21.8 million (approximately AUD$2.9 million or £1.6 million).

The Placement comprises the issue of 29,066,650 new ordinary shares (representing 6.46% of the enlarged share capital) at an issue price of BWP0.75 (approximately AUD$0.10 or £0.055) per share. 28,000,000 of the Placement shares will be issued to an existing shareholder, The Botswana Public Officers Pension Fund, FNB Nominees (Pty) Ltd, Gaborone, Botswana (BPOPF). Following this placement BPOPF will hold 47,230,769 shares of the enlarged share capital of the Company, representing a 10.49% holding of Tlou Energy Limited.

To explain my interpretation;

"SMG's client has indicated that it is awaiting an environmental planning approval which has taken longer than expected and has requested that the minimum tonnage requirement be suspended for March, April and May of 2018".
This would be suspension for a quarter of a year.

"The Client is to pay, quarterly in advance, a non-refundable prepayment of US $375,000 against future deliveries (payments are due in June, September and December 2018."
This would be payment for the following quarters;
June, July August
Sept, Oct, Nov
Dec Jan, Feb.

Still expect correction/discussion.

gorsuch, my understand ing is that the payments were at the beginning of each quarter (thus 1 March due) and to 'a demand for payment' relates to the 4000 tonnes per month contract for March 2019.

"The Client is to pay, quarterly in advance, a non-refundable prepayment of US $375,000 against future deliveries (payments are due in June, September and December 2018"

Always expecting to be corrected by the knowledgeable.

Mutley, from the RNS:

"Net cash flow from Cobre was $0.206m and was impacted by the major client not having made the $0.375m payment due in the quarter. While discussions with the major client have occurred and continue to be held on extending the suspension of minimum sales of 4,000 tons in lieu of a quarterly cash payment, no variation has been signed off and the original, long term contract has been reactivated.

Demand for payment from the major client has been issued and Southern Minerals Group, LLC ("SMG") will be looking to enforce its rights under its contractual arrangements. SML will keep the market informed as matters develop."

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that further to the announcement made on 18 March 2019, the Company has been informed by New Age Exploration Limited ("NAE") that it will not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources Limited ("CRL"), the joint venture vehicle developing the Redmoor Tin/Tungsten project in Cornwall ("Redmoor"), to shareholders at a general meeting. Considering this information, NAE and SML have agreed on a settlement date for the transaction of 30 May 2019. The settlement is subject to NAE confirming the form of both the promissory note and royalty stream, although this is considered largely an administrative process and not likely to delay settlement.