Tlou Energy Regulatory News (TLOU)

30 November 2015

Tlou Energy Limited

("Tlou" or "the Company")

First Day of Dealings on AIM

Tlou Energy Limited, an ASX listed company whose business is the exploration for and proposed production of unconventional gas, principally coal bed methane ("CBM"), is pleased to announce that admission and trading of its Ordinary Shares will commence at 8.00 a.m. today on the AIM market of the London Stock Exchange ("Admission").

Admission Details

· £1.2 million before expenses has been raised on behalf of the Company via an Placing of 18,462,973 Ordinary Shares at a price of 6.5 pence per share with institutional and existing Tlou investors

· Tlou will have a market capitalisation at the placing price of approximately £13.37 million

· The gross proceeds of the Placing and existing cash will be used for, inter alia:

§ Gas production testing and field operating costs

§ Reserves Certification and EIA approval

§ General and administrative costs

§ Transaction costs and working capital

· Tlou's TIDM code is TLOU and its ISIN number is AU000000TOU2

· Grant Thornton UK LLP is the Company's Nominated Adviser and Brandon Hill Capital is the Company's Financial Adviser and Broker

Key Highlights

· Tlou is an ASX listed company whose business is the exploration for and proposed production of unconventional gas, principally CBM. The Group's focus is on its licences in Botswana, which are considered prospective for CBM, with sizeable independently assessed CBM resources.

· Tlou has the most advanced CBM project in Botswana where its Lesedi CBM Project has contingent resources of approximately 3.3 trillion cubic feet ("TCF") (3C).

· Tlou plans to augment the energy needs of the southern African region which is experiencing energy deficits during a period when both its population and economies are growing rapidly.

· The Directors have considerable expertise in developing CBM projects from exploration through to production. Tony Gilby and Nathan Mitchell, both Directors, were pioneers of the CBM sector in Queensland, Australia creating substantial shareholder value in businesses that were acquired by major energy and energy services companies.

Anthony Gilby, Tlou's Managing Director, commented: "We are delighted to be joining the AIM market and would like to thank all investors for supporting this funding round and Admission. The fundraising proceeds will help us to realise our long term aim of building a mid-tier energy provider in Southern Africa."

Enquiries:

Directors' Biographies

At the date of Admission, the Board of the Company will be:

Nathan Andrew Mitchell (44), Non-Executive Chairman

Nathan Mitchell has more than 25 years in the drilling and resource exploration industry. During this time, he has developed both skilled technical ability and commercial management expertise. Nathan was previously CEO of Mitchell Drilling from 2001 until 2008, a period that saw international expansion to India, China, America and Zambia. After the sale of Mitchell Drilling's Australian operations in August 2008, Nathan incorporated Mitchell Group, a vertically integrated coal and coal seam gas company with investments and operations across Australia, Asia and Africa. Nathan is the chairman of Mitchell Services Limited - an ASX-listed company that provides contract drilling services to the coal and CBM sectors. Nathan is also a former non-executive director of ASX listed Westside Corporation Limited.

Anthony (Tony) Rechka Gilby (54), Managing Director, Chief Executive Officer

Tony Gilby, a founding director of Tlou, was appointed Chief Executive Officer and Managing Director in March 2012. He has over 30 years' experience in the oil and gas industry.

Tony was awarded a Bachelor of Science (First Class Honours) degree in Geology from the University of Adelaide in 1984, where he won the University Medal in Geology (Tate Memorial Medal). Tony began his career working as a well-site geologist for Delhi Petroleum in the Cooper Basin. He subsequently joined ESSO Australia where his roles included exploration geology, geophysics, petrophysics and a period of time working in the Exxon Production Research Centre in Houston, Texas, studying the seismic application of sequence stratigraphy.

On his return to Australia, he continued to work with ESSO working on a new venture project, before relocating to Brisbane where he worked for MIM Petroleum and the Louisiana Land and Exploration Company (LL&E). In 1996, he left LL&E to work as an independent consultant while completely the acquisition of prospective Queensland acreage in a private capacity. This work culminated in the founding of Sunshine Gas Limited where he remained Managing Director until its takeover by Queensland Gas Company in late 2008. He is a former non-executive director of ASX listed Comet Ridge Limited.

Gabaake Gokatweng Gabaake (51), Executive Director

Gabaake Gabaake graduated with a Bachelor of Science degree in Geology from the University of Botswana in 1986 followed by a Master's degree in groundwater hydrology from University College, London in 1989.

Gabaake is a Botswana citizen based in Gaborone. He is a former Botswana Government senior public servant who headed the Ministry of Minerals, Energy and Water Resources. Prior to that, he was head of the Ministry of Local Government.

Gabaake has served on various company boards including within the De Beers Group, Debswana Diamond Company (Pty) Limited and Diamond Trading Company Botswana.

Martin James McIver (42), Non-Executive Director

Martin McIver was appointed Non-Executive Director in September 2010. Martin holds an MBA (International) from the American Graduate School of International Management, a Graduate Diploma in Applied Finance and Valuations (FINSIA/Kaplan) and a Bachelor of Business (Marketing) from the Queensland University of Technology.

Martin has over 14 years' experience as General Manager for mining services companies covering bulk and dangerous goods logistics, and drilling services. Martin was the Executive General Manager of the Mitchell Group. Prior to joining the Mitchell Group, Martin was a Director in Mergers and Acquisitions with PricewaterhouseCoopers.

Martin is currently the General Manager - Services of the Workpac Group.