Africa-focused Tlou Energy said today it had raised £1.7million through the placement of 31.5million new ordinary shares.
Africa-focused Tlou Energy said today it had renewed an agreement with its project partners for the delivery of a gas-to-power solution for Botswana.
Tlou Energy said today it had taken a major step toward starting up its coal bed methane project in Botswana after the country’s government approved its environmental appraisal. Tlou, an Australian-headquartered firm which was founded in 2009, said the environmental statement covering the Lesedi project will next be put through a final review process, with a decision expected before the end of 2016. In June the AIM-listed company confirmed positive gas flow from its operations in the Botswana.
Tlou Energy has reported "very encouraging" results after starting gas production testing at the Selemo-1 pilot well at the Lesedi coalbed methane project in Botswana.#
Power producer APR Energy has completed two significant projects in Africa.