philwad
12 Jul 2017
Re: RNS new NED appointment, awesome! This is a great appointment and confidence booster.
hezhogg
12 Jul 2017
RNS new NED appointment, awesome! "12 July 2017 Tlou Energy Limited ("Tlou" or "the Company"
Director Appointment Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM", is pleased to announce that the Company has appointed Ms Linah Mohohlo to the Board as a Non-Executive Director with immediate effect. Tlou's Managing Director Tony Gilby said, "We are delighted that Linah has joined the board of Tlou Energy Limited. Linah has exceptional experience and knowledge across a variety of industries and will add significant value to the team. We look forward to working with Linah as we progress our Gasto-Power project in Botswana.” Information on Linah Mohohlo Ms Linah Kelebogile Mohohlo, aged 65, is the former Governor of the Bank of Botswana, a position she held from 1999 to 2016. Ms Mohohlo joined the Bank of Botswana in 1976, where she served in several capacities prior to being appointed Governor, including Board Secretary, Deputy Director of Research, Director of the Financial Market Department and Deputy Governor. Ms Mohohlo is a member of the Commission for Africa, and the Africa Progress Panel, a group of ten distinguished individuals who advocate at the highest levels for equitable and sustainable development in Africa. In May 2015, United Nations Secretary-General Ban Ki-moon appointed Mohohlo as member of the High-Level Panel on Humanitarian Financing, an initiative aimed at preparing recommendations for the 2016 World Humanitarian Summit. Along with her contacts and expertise in the banking and finance sectors, Ms Mohohlo also brings to Tlou significant experience from the mining industry in Botswana as a board member of both Debswana Diamond Company and Diamond Trading Company. Ms Mohohlo holds a Bachelors Degree in Economics from The George Washington University, Washington DC, a Masters Degree in Finance and Investment from University of Exeter, UK and a Diploma in Accounting and Business Studies from the University of Botswana." What a simply stunning appointment. The depth and breadth of her achievements are amazing. What a massive asset to the company. If people still believe this isn't going to happen....
buzzard stubble
11 Jul 2017
Re: Great post from Oz agreedcould do with a bit of a ' buzz ' starting down therech
hezhogg
11 Jul 2017
Great post from Oz Courtesy of Oreb "I think things are starting to align pretty well here. Botswanian govt can't afford another F. up like Morupule B given the significant shortfall in generation capacity. I like the approach that TOU are following here - stick to what they are good at by retaining 100% of the Upstream development side and bringing in an experienced downstream power development partner in IPC to do the heavy lifting of developing (and securing finance for) the power station while retaining 50% interest. I know around 10 years ago, combined cycle gas power plants were costing $1000-1200/kw installed in Australia (ie $100-120m for a 100MW plant). A relatively recent example would be BGs Condamine Power Station in Qld (~$150m for a 140MW CC plant running off CBM) which was opened around 2009 from memory. Assuming this is still roughly the case and allowing a 25% price reduction for conditions in Botswana (major cost items for CC plants are the gas and steam turbines which run at around 50% of total development cost so even 25% is a stretch IMHO), the 100MW plant is still a $75-90m project against TLOUs current market cap of ~$45m so TOU going it alone was never really an option, given the already significant development CAPEX to bring the upstream CBM to production. Hopefully the funding relationships that IPC brings with credit export agencies etc will not only help with finance for the power station but will also assist with financing TOU's field development as well, as they are part of an integrated project. In regards to the RFP for the 100MW CBM to power project to be submitted next week, you'd think of the 2 bidders, a consortium which includes a company with the most advanced CBM project in Botswana (and largest reserves) AND a company whose bread and butter is constructing scaleble CC gas plants around the world (including in Africa) and who have existing relationships with GE and financiers would be looking pretty good. If they win it will put them in the box seat to win the gas sales contract for the Orapa expansion/conversion and be in the mix for the future 300MW power station project. Then they just need to continue to convert their huge prospective resources into reserves - they are aiming for a reserves upgrade early next year from memory. A 100MW power station requires a bit less than 30PJ of gas/annum vs TOUs current 2P/3P of 3.2/243PJ. Hopefully won't be too much of an issue given the prospective resources are 8600BCF (potentially up to 7000PJ)."
buzzard stubble
10 Jul 2017
Re: podcast [link]
buzzard stubble
10 Jul 2017
podcast due todaych
hezhogg
08 Jul 2017
Re: New Comers All I can add is that I 100% concurr with tidd's thoughts. This is a very different company to so much of the dross on AIM. It represents a very special opportunity.
hezhogg
08 Jul 2017
New Comers Wise words from tidd on LSE:This isn't your usual 10-20-30% trade and take profits play, in the short term given the milestones already achieved and how fundamentally undervalued this is you could literally add a zero to each of those numbers. With so much news to come, a minining license submitted, expansion of reserves being worked on and an RFP for upto 100MW already in process (the later generating revenues of upto $150m per annum) there is plenty in the pipeline. This also excludes any surprises like additional generators onsite being monetised to reduce opex, additional offtake agreements like those for the sale of CNG - the list goes on and on. Tony Gilby and his team have done this twice before, turning Arrow Energy from sub $100m to a +$3bn company, same applies for Sunshine Gas turning that from a $20m MCAP to $1.1bn before it being taken over. The team have form and see more potential here with CBM than they ever did with the other plays. The government are supportive and the country is a stable and strong place to invest, Tlou already have clear interest from funding partners so it literally is a case of waiting for the green light and it should be all systems go. I'd suggest reviewing the information on the following site over the weekend, listen/watch the many interviews whilst you relax and understand this is a company with a blue sky opportunity who quite literally have the means and support to get there. After 10 years in the field of exploration and development the huge 100% owned asset is ready to transform to producer. They already have reserves booked, huge resources independently signed and a chance to upscale in their 8,300km permit blocks which contain prospects of a staggering +14TCF. We know the gas is there, we know the gas flows and we now know the model is commercial. Review and absorb, this is something to accumulate and stick under the pillow. The market is now catching on to the strong backing the company has and in my opinion you are looking at a strong rerate to near fair value which currently stands in the twenty pence range. [link] "
buzzard stubble
03 Jul 2017
southern times [link]
Jitter
03 Jul 2017
Top up for me this morning. NM. .
buzzard stubble
27 Jun 2017
interview with Colm Cloonan [link]
buzzard stubble
21 Jun 2017
Guardian .. Botswana “We are sitting fairly on a substantially, independently certified gas reserves and there has been gas flowing since last year,” he said. He stated they will be submitting a business proposal to the government next month on the 12 of July. Gaabake added that the government has been supportive in the development of CBM as they see it as the catalyst that can further grow the mining industry in the country.[link]
Oiltap100
20 Jun 2017
Re: First power generation [link] good update..
Sedanca
20 Jun 2017
Re: First power generation That is excellent news, this step forward should give the Botswana Government some confidence in TLOU's ability to build a power station and deliver. Hopefully the news of the contract won't disappoint us by being awarded elsewhere.Roll on TLOU !
buzzard stubble
20 Jun 2017
First power generation Ø First power generation from Tlou's CBM gas field & first power generation from CBM in BotswanaØ Significant milestone - provides evidence of the ability to generate power from Tlou's gasØ Use of CBM gas will reduce the Company's spend on dieselØ CBM gas is cleaner than coal fired powerTlou's Managing Director Tony Gilby said, "First Gas-to-Power via CBM in Botswana is an extremely significant milestone for the Company and in effect a proof of concept of 'first gas monetisation'. This is the first power generated from CBM in the country and this achievement reinforces our view that CBM Gas-to-Power is achievable in Botswana using gas from the Lesedi Project. CBM gas is a cheaper and cleaner alternative to diesel generation and is significantly cleaner than coal fired power generation."ch
