Member Info for mrmoagi

I think we should usefully assist BS to identify the BS in his posts about funding. On the one hand he says there is only due diligence to complete once Covid is over etc and that that is basically a formality.
And on the other hand he has said that TG doesn’t want to draw down funds as he doesn’t want to pay unnecessary coupon. (I have posted frequently that this is frankly the most absurd opinion I think I have ever read anywhere, let alone than on a message board.)
Oh sorry… I am lapsing back into negativity …. when we are supposed to be all about positivity so that we get the share price up to 10p… and soon thereafter 50p….
Thank goodness we have a weekend break ahead soon -BS will have to play with himself for a couple of days, given we all sensibly seem to refrain from engaging and humouring his tittle tattle.

Good news though- looks like we will end the week above 2p. For a while I thought that would be tested.

Goodrich see you on top form today DTE

How on earth is it possible to have an informed, articulate, educated conversation on a company and it progress and problems when there are such endless irrelevant non-sensical interjections from such a distinguished learned fool.

DTE - 2 horizontals wells are more than sufficient to supply enough gas for 2MW of power generation; and probably 10MW and maybe 20MW. Someone with more technical knowledge could perhaps comment intelligently on this point.

The company did indeed last announce they had closed one wells down and continued dewatering the other. And we’re flaring gas. Are they still doing that? We don’t know for sure, but given the absence of communication from the company to the contrary we assume they are.

In that case, there should be substantial quantities of water - what is being done with this? Surely they are not just wasting it ? There could and should be a good story around excess water usage.

What concerns me though is - solar was added to the story not that long before they started drilling the 2 horizontal wells. What if horizontal drilling has not been the success the company hoped for? Botswana coal seams are not particularly thick, making drill tracking more complex than say in US seams.

And horizontal wells will, over time, collapse in on themselves. They need to remain open and flowing so that water and fines residue continues to be cleared. Closing one well is ok usually for a while but there is a cost to re-opening it, which rises the longer the well is left alone.

There has been zero communication provided by the company on The Central crux of CBM drilling and gas extraction. This info is vital for an educated understanding of commercial operations and business viability.

Instead, we are treated to a pivot change in the story into an emerging energy technology that has a long way to go before wholesale and widespread adoption in energy markets. And this by a gas exploration company that continues to not be able to transition to an extraction and development company, that will again in not many more funds be running out of cash. But we are told there are due diligence activities continuing in the background - by parties within Botswana and outside Botswana. And certain of those parties require a PPA for funding purposes and certain do not.

Personally I would say the company has, or will soon have, a credibility issue. Let’s hope they have something clear and sensible to say soon, as I doubt matters can continue much longer in the way they have (for 3+ years)…..

Smith, I would say things differently re your last post.

It is your stupefying stubbornness to defend the company and an individual and saying the delays and lack of progress are due to everyone and everything other than the individual and/or the management team that is now going against you. And bringing out an increasing number of posters challenging your long held wisdom.

The 100mw power project is/was a pilot project to demonstrate that gas could be extracted and used commercially in Botswana to help solve a long-standing over dependence on neighbours for electricity. And of the back of that a gas industry would be established and allowed to flourish, safe in the knowledge that large gas supplies would be available given the backbone of power generation. That tender was issued early 2017 and 4.5 years later, there is still no commercial offtake awarded to the 2 tender respondees. Maybe it will be soon, but until it is….. I think shareholders and potential investors have the right to remain cynical.
Your boundless optimism is admirable, reminiscent of the stiff upper lip approach and all that - but this is the investment world we are all paddling in and optimism is often what bankrupts many an idiot.

Then along come Hydrogen and the company jumps on that bandwagon. A technology and industry still in fledgling status - and again your boundless optimism kicks into overdrive.

There is next to no Hydrogen market in SA and if it is to establish in Southern Africa, well it needs to start there and expand northwards from SA. How long will that take I wonder.

PS there is still no gas market worth speaking of in Botswana. How long will that take to develop and grow.

Maybe your boundless optimism is doing the company more harm than good now, since posters don’t seem so minded to acquiesce on your many and lengthy and now very repetitive merit posts about an exploration company still not in development stage, and looking increasingly like it may not be for quite some time to come.

Pretty sure nobody is doubting the future potential impact of Hydrogen in the energy transition. What we are questioning is the relevance to Tlou in the next 3 years - in my view, zero impact.

As said before, it is a diversionary tactic and if the PPA for the 100MW doesn’t get a shiftie on, the quarterly report on 30th July will be a nightmare event for Tlou.

So isn’t it great that TG is a visionary for us!

However has the Bots Govt heard of the Hydrogen Revolution, and if they have, have they any clue as to how develop the market through enablement of private sector. If we have to wait for Govt to want to develop the public sector side, well how long is that piece of string.

First week of July and that quarterly update release date is ripping towards us. Will a miracle happen ….

Several governments have made hydrogen a core part of their strategies in a bid to meet the goals of the Paris agreement to cut global warming because it does not produce carbon emissions when burned.

However, most of the world's hydrogen is made from natural gas - a process that produces vast amounts of carbon emissions.

Clean hydrogen must be made via electrolysis or for the emissions from natural gas production to be captured and stored.

The extent to which clean production of hydrogen will take off at scale is unclear because it is expensive and the fuel is relatively inefficient.

From The Telegraph today.

Sir Jim Ratcliffe's chemicals empire is getting behind the global hydrogen rush, investing £25m in a new fund that will join the main London stock market.

Ineos's energy division is buying 25m shares in HydrogenOne Capital Growth, amounting to 10pc of the £250m the fund is raising in an upcoming float.

It is a relatively small sum for Ineos which makes annual revenues of $61bn (£44bn), but reflects its growing ambitions in energy beyond its oil and gas business, as well as soaring interest in hydrogen as countries try to slash their carbon emissions.

Brian Gilvary, the former BP finance chief who now runs the Ineos energy division, said the investment was an important business opportunity.

"HydrogenOne has done a good screening of the projects out there and has a good handle on the policies in different jurisdictions," he said.

"It will be a very attractive investment for us and a platform to test and see how this market unfolds ... it means Ineos Energy is playing now in a broader spectrum in the energy transition."

There we have it - UK might be up and running by 2025/26. So Botswana will be up and running with a well thought out and coordinated Hydrogen market with industry participants by 20..

Some will say soon; some will say not so soon…..

Utilities giant Centrica is preparing to press the button on a £1.6bn overhaul of its Rough gas storage site in the North Sea so it can store hydrogen instead of methane.

Greg McKenna, managing director of Centrica Business Solutions, said the company is waiting for clarity on the Government’s strategy around hydrogen and what subsidy guarantees will be given to help the hydrogen industry scale up, before knowing whether to progress.

He said: “If we could get a decision this year, I think we could be up and running by 2025/26.

“You’re talking about a £1.6bn investment which will create thousands of jobs and help roles in the oil and gas industry move into the green economy.”

Hydrogen does not produce carbon emissions when burned so it is expected to be used more widely as the UK overhauls its energy system to try and meet its legally binding target of cutting carbon emissions to net zero by 2050.

However, the extent of its role is unclear as hydrogen is expensive and difficult to produce as well as being inefficient. There is particular debate over how widely it should be used to heat people’s homes instead of electric heat pumps. It is likely to have a larger role in industry and heavy duty vehicles.

I just love that TG is early bird positioning the company for the evolving Hydrogen revolution currently unfolding. Good article in today’s Sunday Telegraph Business section discussing Centrica and how they plan to position for the future.
Some of you will realise the UK is a more mature market than say Botswana and you will appreciate the significance of that. And some of you won’t and you will continue to bleat about how visionary a development this is by TG.
Each to their own I suppose….

Smith, sadly you don’t even appreciate how beyond old-fashioned your myopic your pathetic views are. Please do yourself a favour and simply stop posting ….. otherwise the long line that you were responsible for setting loose is coming back to rip you with a vengeance !
If and when that starts, it picks up its own momentum ….. and dottery, opinionated dozy old fart that you undoubtedly are ….. none of us here can save you.

And anyways…. I am supposed to be on your filter (must be 20 times now at least)…..

And continuing to emphasising this politics point, the headline in Sunday Standard today says:

Minister Molale faces revolt from BDP councillors.

As BS will tell you, Molale issued his dictat that Tlou and Sekaname only had to prove CBM worked and the door to the promised land would be well and truly opened….

Well that was when he was Ministey of Minerals in the old regime. Then he got shifted (and demoted) to Minister of Local Govt and Rural Affairs (where he actually is responsible to real people and their real lives) …… where he has been required to take an interest in what goes on, get involved and try solve real life human being problems …… only for sadly the outcome to be predictably obvious - Molale is a career bureaucrat and Govt official and basically a lazy bar-steward. So he does nothing but draw a salary …. And here we are …. He was useless in Ministry of Minerals and is again useless in Ministry of Local/ Rural Affairs….. but he will simply stick there and collect his salary until he is sacked ….
Lazy is as lazy does …. Eh Eric ….you seriously slack smuch !!

Someone mentioned they enjoy humour in posts. The humour in your post refers back to the Benny Hill, Morcombe and Wise era of slapstick. You can have the benefit of doubt one last time.

Sometimes you are simply pathetic Smith. This is one of those occasions.

PS the point of the post/ thread is offering the opportunity to discuss the impact of politics in Botswana and it’s influence on whether or not Tlou can get through that and ultimately make a go of things there.
(It isn’t, as others are prone to comment, about anyone saying that is the reason for lack of progress. Rather it could be one of many reasons for the slow going)

“The President will make a statement on the occasion of the remembrance of the first President of the Republic of Botswana, Sir Seretse Khama who led the country to independence from British colonial rule and became the country’s first Head of State in 1966”, reads part of a statement released by the Office of the President on Monday.

On the other hand, through his Facebook page, Khama also announced last week that, “The Khama family will be marking the centenary of their father and grandfather Sir Seretse Khama at a memorial service in the UCCSA church in Serowe at 14:30hrs followed by the laying of wreaths at the Royal Cemetery on Thursday the 1st July”.

The fight between Masisi and Khama has been ongoing for the past three years with no sign of surrender from either side. Ian Khama was the country’s 4th president while Masisi took over from him in April 2018 through an automatic succession provided for by the country’s constitution.

A brawl between President Mokgweetsi Masisi and his predecessor Ian Khama continues. This time around it is over the centenary of the country’s first President Seretse Khama, who also happens to be the father of Khama. The latest clash between the two former close allies became very clear this past week when it emerged that the two will lead separate celebrations of the 100th birthday of Seretse this coming Thursday. In Serowe – which is the home village of the Khamas, the former state and Botswana Democratic Party (BDP) leader together with his family, the Bangwato royals, their tribesmen and other sympathizers of the Khama clan will congregate at the United Congregational Church of Southern Africa (UCCSA) to mark the 100th birthday of Seretse. In the capital Gaborone, Masisi is also expected to lead the government enclave and his sympathizers at the Parliamentary grounds where Seretse statue stand to do the same. The two events would be held co-currently this coming Thursday 01 July.

The venomous SIK continues his hostility towards the present Govt and his old BDP party; the party he sought to control through his unique brand of governance and control. Sadly for Tlou shareholders though, the Khama stronghold resides in the Serowe area, which is the closest urban area to CBM fields.

Newspaper article on the continued scrap between ex-Pres and in-Pres to follow. Generally if the grown up are scrapping, things tend not to get done elsewhere - maybe this is another reason why the current Govt doesn’t seem to be in a hurry to get projects, jobs, investment moving in the Serowe and wider surrounds….. Just a thought; not an assertion.