I remember a bit of a debate about13 Dec 2017 13:00
this, good to see it in the
TLOU ENERGY PRE-LISTING STATEMENT
Historically, the Licences which are the subject of the Lesedi Project were owned by Saber
Energy, Inc. (“Saber”), and held pursuant to a Farm-In Agreement between Kalahari Energy Ltd
and Sekaname (a subsidiary of Saber). In 2009, Tlou Energy entered into a joint venture
arrangement with Saber in respect of the Lesedi Licences and certain other licences in Botswana
held by Saber. The joint venture terminated in November 2010 when Tlou acquired the companies
that held the Licences that were subject to the joint venture with Saber and became the sole
operator and 100% owner of the Licences.