Tlou Energy Ltd Lesedi Drilling and Project Update (9340L)
11 Septembre 2023 - 8:00AM
UK Regulatory
TIDMTLOU
RNS Number : 9340L
Tlou Energy Ltd
11 September 2023
11 September 2023
Tlou Energy Limited
("Tlou" or "the Company")
Lesedi 4 and 6 drilling successfully completed
Ø Lateral wells of the Lesedi 4 production pod have been
successfully redrilled
Ø Drilling of Lesedi 6 production pod was completed earlier
Ø Dewatering leading to gas production can now commence on
Lesedi 4 and Lesedi 6
Production Wells
The successful redrill of both lateral wells of the Lesedi 4
production pod has been completed. As reported previously, drilling
has also been completed at the new Lesedi 6 pod with both lateral
wells (Lesedi 6A and Lesedi 6B) successfully intersecting the
target vertical well (Lesedi 6P).
The aim of redrilling the Lesedi 4 wells is to provide
straighter lateral sections compared to the original wells. The
Lesedi 4 pod has flowed gas for a number of years and these
straighter laterals are expected to assist with removing water from
the reservoir to more efficiently dewater and flow gas.
Following completion of the redrill, both Lesedi 4 and Lesedi 6
pods will be flushed to clear the wells and then have production
equipment installed to commence dewatering ahead of gas
production.
Transmission Lines and Substations
Construction of the transmission lines to connect the Lesedi
power project to the existing power grid is progressing. Overall
progress to date is approximately 90%. Key items outstanding
include a road crossing and further stringing of the line.
Transmission line work is on track to be completed later this year
and well in advance of planned first power into the grid.
Separately, work on the substations which are required at either
end of the transmission line is also continuing. The contractors
are onsite at Lesedi carrying out initial work including site
clearing and further updates will be provided in due course.
Some recent short videos from the Lesedi site have also been
uploaded online at:
https://youtube.com/@TlouEnergy?si=o1HwLoXvGF8G7NrD
By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3040 9084
Tony Gilby, Managing Director
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Solomon Rowland, General Manager
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Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
----------------------
Harrison Clarke, Colin Aaronson, Ciara Donnelly
----------------------
Zeus Capital (UK Broker) +44 (0)20 3829 5000
----------------------
Simon Johnson
----------------------
Investor Relations
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Ashley Seller (Australia) +61 418 556 875
----------------------
FlowComms Ltd - Sasha Sethi (UK) +44 (0) 7891 677 441
----------------------
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa
through gas-fired power and ancillary projects. The Company is
listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The
Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the
Company's most advanced project. Tlou's competitive advantages
include the ability to drill cost effectively for gas, operational
experience and Lesedi's strategic location in relation to energy
customers. All major government approvals have been achieved.
Forward-Looking Statements
This announcement may contain certain forward-looking
statements. Actual results may differ materially from those
projected or implied in any forward-looking statements. Such
forward-looking information involves risks and uncertainties that
could significantly affect expected results. No representation is
made that any of those statements or forecasts will come to pass or
that any forecast results will be achieved. You are cautioned not
to place any reliance on such statements or forecasts. Those
forward-looking and other statements speak only as at the date of
this announcement. Save as required by any applicable law or
regulation, Tlou Energy Limited undertakes no obligation to update
any forward-looking statements.
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END
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