Member Info for npwharf

You’re never going to get anything new in the quarterly asx statements because they are historic, and by definition, backward looking.

But I think you already knew that.

They did.

Company suggesting few weeks to get contracts signed, then 12 months to install poles, transmission wires etc.

Depends on how much / what type of financing deal they cut with BPOPF, as well as how many MW the new PPA deal is. Saying on that with 10 MW PPA deal and 10 million of financing I'd be surprised if this didn't hit £100 million market cap soon after the announcements. So roughly 5 x current share price.

Couldn't agree more. Whenever I hear the name JP I know it's just a company designed to take PIs money from them and transfer it to him and his mates.

Or if they thought that CBM wouldn't ever flow commercially. Solar doesn't need a huge carbon offset programme.

It's the same JP that destroyed so much PI money at all his other Pump and Dumps, like SOU, ECHO, CORO etc.

Nothing says SELL quite as strongly as JP coming onboard. Only person who ever makes money from JP involvement is JP and his mates.

No pump olda, take a read of the article in The Patriot and I'm sure you'll come to a similar conclusion.

Great find MM. Was very interested to read in the same article in The Patriot it stated that the BPOPF has been "Heavily criticised for prioritising offshore over local investment, the BPOPF is on the road to make good on their promise to develop and diversify the local economy by supporting different sectors and in the process create jobs. The P3 billion allocation for infrastructure recently announced by Malindah will target local opportunities, a first for the Fund."

It's the ex Chairman of Dominos.

Hang on to your golden ticket ..... just sent shivers up my spine. A phrase I never want to hear again. Lol.

Either the best purchase you've ever made or simply a case of throwing good money after bad. Hopefully the former !

The fact that the company hasn't issued flow rates shows that whilst they continue to rise, they are fluctuating . Until they sustain commercial rates TLOU will not issue the figures. Additionally, no fund raise is necessary until H2.

With regard to the PPA, once BDC agreement is locked down they will be able to bring pressure to bear on the BG.

Pace is pedestrian here, and totally frustrating for all holders and TLOU, but it's a nascent industry in an African country, so to be expected. Story hasn't changed.

O/T Don't post here a lot, but do skim the BB. Noticed Thelagerkhan and Appiamma on here, felt like the SOU BB from a few years ago. Hope you guys bailed !

Years of over promising combined with under delivering plus market thinks fund raise incoming. That'd be my guess.

Not an expert by any means (I did invest in Echo after all !) but after a few years of O&G investing, answers to your questions are

1. Range Ive heard quoted for success is 7% to 15% for an exploration well. Post seismic, varies well to well; Colter was 58% I think.
2. Yes.
3. Yes - oil / gas can by there but not commercial to extract due to Porosity and / or Permeability issues.

Worth remembering that this isn't an 'either / or' decision, both TLOU and Sekaname can be awarded a tender; if fact, given tlou bidding for up to 10MW, with BG putting 100 MW on the table, I'd expect both parties to be awarded in due course.

Good listen. Surprised we had sellers today. MM moved it down 5% before open to hoover up cheap stock, been a good day for them.

I probably should have mentioned that when I cut and pasted it !

Thought it was a very balanced article Gary, risks here but potential is undeniable if they find a successful route to market.

Malcy won't meet with Tlou because they won't pay him. I have flagged it to him a number of times, but no luck.

continued....

The Botswana government has been very supportive of the project and a production licence is in place, but the success of Tlou will largely be driven by the success of it winning contracts for gas-to-power projects. So far it has already been short-listed as just one of two companies to tender for a 100MW plant, although that process has been dragging on longer than expected, and it is expected that development would be staged, starting with a 10MW plant. A pilot well drilling programme is now underway, and this could lead to an initial 2MW of power, which would be expanded up to 10MW as further wells were drilled.

The company seems to have been able to raise capital when it has needed to as well, including from institutional investors and the directors – with £2.4 million recently coming from African Alliance Botswana, plus a further £4.4 million odd from placings and an equity entitlement offer. I would still view this share as being highly speculative given the stage that it is at and there are still risks, and potential for things to go wrong – failure to win this initial tender would have a significant negative impact on the share price I would imagine.

But it is also worth remembering that Botswana is possibly the most stable country in the region in which to do business, plus the whole area is in desperate need of power generation, and given that Tlou not only has the resources, but also the necessary permits/licences to make use of that gas, I can see plenty of potential. I would consider this as a longer term buy from the 6.5p area, and if the company enjoys even a modicum of success, then I think you will be pleased with the eventual outcome.