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Tlou Energy highlights ongoing progress as it awaits commercial CBM rates.

Tlou Energy Ltd's (LON:TLOU) quarterly report today highlighted the ongoing progress in Botswana, at the Lesedi coal bed methane project.

The company noted that during the three months, ended 30 June, the Lesedi 3 & 4 production pods continued to dewater and produce gas.

It continues to work towards commercial gas flow rates and the company said it is expecting to provide further communications in the near term.

READ: Tlou Energy's Lesedi-4 pod set for production

In the next stages of the operation the company will continue water pumping, which should see gas pressure steadily increase to an optimal point.

Sustained testing and flaring of the gas can then begin.

"A CBM gas flow typically starts out from an initial rate and then steadily increases to reach a commerciality threshold," Tlou said.

Tlou highlighted that progress with its gas-to-power tender has taken it to the final stage - the negotiation of a power purchase agreement. It also noted that downstream environmental approval has been secured.

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Publication:Proactive Investors Austrailia
Date:Jul 29, 2019
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