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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tlou Energy Limited | TLOU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.05 | -2.44% | 2.00 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.05 | 2.00 | 2.05 | 2.00 | 2.05 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 15/4/2024 09:16 by someuwin This is what Zeus said on 8/March/2024Conclusion: Tlou is pursuing development of its substantial CBM assets in Botswana via its own Lesedi gas-to-power project. The company holds net 2P reserves of 6.8mmboe and an additional net 2C resource of 35.7mmboe - large numbers for a company of its size - and the key to monetising these is Tlou's ongoing development project. The company has now completed a 66KV electricity transmission line and has a 10MW PPA from state power company BPC (which should support underlying gas production of around 430boe/d). Tlou is targeting first electricity sales in 2024, with ramp up to 10MW thereafter. The company's CBM resources could support significantly higher production and generation levels, however, with the transmission line able to support up to 25MW and then the gas resource potentially allowing levels at a multiple of this, giving material additional potential. Tlou is also looking at adding solar and hydrogen production capacity to its wider Lesedi project. The company has an ongoing process to secure full development funding, with Tlou having already received significant support from ILC Investments and the Botswana Public Officers Pension Fund. During 2024 we expect ongoing development activities including substation completion, power generation equipment installation, and further CBM drilling, alongside first electricity sales. In anticipation of this operational news flow, and first revenues, we have a positive outlook, and value the shares in-line with our 6.5p total risked NAV. |
Posted at 24/1/2024 12:05 by cherrylady Stop London!My corporate actions were all deleted on the 19th (the original pay date) so I suspect TLOU have told my brokers I am ineligible for this placing (UK home address) and my broker should not have offered me an entitlement! Despite emails my broker, IG , has not replied to my queries about the lack of corporate actions on my accounts. I can see this going to the omnbudsman because I am out of pocket and have opened the road to a Cash ISA transfer that is now of no use! I knew I'd lose money on this but for the right reasons not what looks to be going on! I assume nobody else has fallen down the same slippery slope? i.e. Tried to take an ASX entitlement using shares registered for a UK address! Nothing is straightforward when it comes to TLOU. |
Posted at 09/1/2024 11:24 by cherrylady RNS extending the forthcoming placing is both good amd bad but on balance I am pleased.The 31st gives me a fortnight to transfer some Cash Isa into my Trading account. Originally my ISA matured after the closing date of the 11th. So I had a choice of losing out in one of a few ways. Worst was I needed to fund the placing from my pocket and to then make good with ISA cash later! A bit of a pain to pay too much for a share becuse 3.5c is higher than the open market price. Giving Tony a little bit of working capital was not a great move in practice. Now I get the full maturity of this years ISA and not only can I take my 4/11 quota but I am risking some ISA cash to buy excess shares. 3.5c is 1.8p currently - a bargain price that cannot last for long surely. I'd rather give TLOU useful money than steal a sort-sighted idiots shares from him and not help TLOU. Looking back I'll be amazed if I look at 1.8p and think "why didn't I buy Fred Bloggs shares @ 1.68p"? Fred Bloggs might still have his 10p shares and be better off from them but I reckon he won't still have them! Meanwhile I can be satisfied that I help TLOU reach that 10p with this issue. The extension looks like we'll be undersubscribed leaving me able to buy 44 shares for each 11 @ 3.5c. With substantial share counts on LSE and ASX there might be chances to take advantage of the AUD-GBP Fx rate as economies around the globe settle over the years. No commission on any of my new shares means more shares for my cash. Good stuff! |
Posted at 23/12/2023 23:53 by cherrylady I have accepted my 4/11 on my ASX shares despite getting a rotten price of 3.5c when the share price is 3,1c on the open market. I decided I'd be a hypocrite to quibble over a 1.87p equivalent price whilst saying our price should be well over the 5p it was before the sophisticated shareholders offer (without 1/6 at 4.4p option) of a discounted 3.5p lowered it! Covid was responsible for the even greater drops, without Covid the share options at 4.4p would have been the gift that TLOU thought was gift-wrapped for us. It would have been 8p minimum imho? And the Pension Fung buy-in price of 11p was possible. Covid was expensive but 2024 is going to make Covid ancient history I hope.I don't have to fund my ASX account until 11th January so I have the chance of the offer raising the price to 3.5c before then. That would open up sells of my shares to cheapskate buyers , and Tou will receive their money for the new offer! If it happens (small chance) I might amend my application for more than 4/11 ths. TOU need the cash to progress so others who don't have the cash for their 4/11 might consider selling to raise the cash. I am hoping this money will be the end of dilution and esarnings will be high enough to avoid further share issues. TG always intended to self -finance expansions amd Lesedi #6 is looking promising on gas flows to make income worthwhile. #4 is improving too - happy days! Cherries are joint 10th with Chelsea on points. 2024 is going to be fantastic I hope. |
Posted at 21/12/2023 17:58 by cherrylady TB on LSE explained that the fairly recent undersubscription on the AIM platform precludes TLOU from having another open offer on AIM within their restrictive period of time. I have shares in TOU on ASX so I do not really see why I cannot buy on ASX.At least the share issue will not drop the LSE share price - maybe the real reason the whingeing poms are excluded? But will the BSE and ASX price drop? It usually does for TLOU no matter whether there is sense behind it or not. |
Posted at 01/12/2023 10:04 by cherrylady Sorry guys, it is a long time since I was here , and I forgot post are in date order rather than reverse order so I thought somewin's first post was his final post.I cannot understand why this release has not been received with more excitement, here, one LSE or on ASX where the price is still 2.8c (<1.5p) I'd have bet the house we'd be over 3p by now - perhaps there should have been an RNS to trigger the dormant shareholders who ignore TLOU until news comes in that form?? |
Posted at 27/11/2023 11:56 by someuwin New Zeus note out today:"Conclusion: Tlou is pursuing development of its substantial CBM assets in Botswana via its own Lesedi gas-to-power project. The company holds net 2P reserves of 6.8mmboe and an additional net 2C resource of 35.7mmboe - large numbers for a company of its size - and the key to monetising these is Tlou's ongoing development project. The company is currently constructing a 66KV electricity transmission line and has a 10MW PPA from state power company BPC (which should support underlying gas production of around 430boe/d). Tlou is targeting first electricity sales in 2024, with ramp up to 10MW thereafter. The company's CBM resources could support significantly higher production and generation levels, however, with the transmission line able to support up to 25MW and then the gas resource potentially allowing levels at a multiple of this, giving material additional potential. Tlou is also looking at adding solar and hydrogen production capacity to its wider Lesedi project. The company has funding from its end September 2023 gross cash holding of A$1.9m and a subsequent A$3m loan, with full development funding to be progressively secured, and with Tlou having already received significant support from ILC Investments and the Botswana Public Officers Pension Fund. Going forward, we expect ongoing development activities over the rest of 2023 and during 2024, including transmission line progression, new CBM production drilling, and power generation installation. In anticipation of this operational news flow, and first revenues, we have a positive outlook, and value the shares in-line with our 6.7p total risked NAV." |
Posted at 27/11/2023 10:37 by someuwin 27 November 2023Tlou Energy Limited ("Tlou" or "the Company") First Gas Flow from Lesedi 6 Production Pod Highlights Ø First gas to surface from the recently drilled and completed Lesedi 6 pod Ø This is the fastest time between starting dewatering and first gas in Lesedi to date Ø Lesedi 4 pod is dewatering in line with expectations Gas flowing at Lesedi Gas has started to flow at the Lesedi 6 Production Pod and has been flared. This follows the drilling of the new Lesedi 6 production pod and the redrill of the lateral sections of the Lesedi 4 production pod. Post drilling operations each pod was flushed to clear the wells. Production equipment was then installed and dewatering commenced in late October 2023. In recent days Lesedi 6 experienced a rapid increase in casing pressure in both lateral wells with first gas production to surface occurring soon thereafter. The rapid build-up of casing pressure and comparatively short time taken from commencement of dewatering to first gas to surface is very encouraging. It represents the fastest gas to surface in the Lesedi field to date. The next step is to allow the gas flow rate to develop and obtain an initial sustained flow rate. The Company will continue production testing at both Lesedi 4 and Lesedi 6 and update the market in due course. A short video of the gas flare is available on the following link: |
Posted at 28/7/2022 08:26 by tomboyb Tlou Energy@TlouEnergy · 22m Tlou Energy - Cleaner African Energy Sustained business achievements now position the company to deliver cleaner power solutions using #SolarPV, #NaturalGas, and #Hydrogen #H2 projects, all from our strategic location at Lesedi. Tlou Energy @TlouEnergy · Tlou Energy @TlouEnergy Tlou Energy - Technical Data Lesedi Gas Field, Botswana The core of our business is huge gas resources: Progress to date has been across our Lesedi tenements, aided by the clearest seismology. > Sustained gas flows for over 2 years #Tlou - Developing Cleaner Power in #Botswana |
Posted at 21/6/2022 19:29 by tomboyb Tlou Energy's JV with Synergen provides multiple opportunities, broker saysTlou is progressing hydrogen production via pyrolysis of CBM with technology developer Synergen Met Tlou Energy Ltd (AIM:TLOU, ASX:TOU, BSE:TLOU)’s proposed hydrogen project could see the company use gas that is currently being flared and develop a new market for its coal bed methane (CBM) resources. Assuming the prototype is successful Tlou and its development partner Synergen will seek to grow a clean energy business via a joint venture throughout the Southern African Development Community (SADC) region, broker K1 Capital said in a research note. The heads of agreement signed by the two companies also envisages Tlou’s participation in Synergen’s proposed initial public offering (IPO) scheduled for the first half of this year. Synergen is an Australian company with previous experience with plasma technology. Tlou will supply the input gas and electricity for the prototype at no cost to Synergen. A gas price will be negotiated for later expansion. Synergen will retain ownership of the plasma technology and associated intellectual property. Hydrogen and carbon products will be owned 50:50, K1 said. The first prototype is expected to commence field trials at Lesedi in 2022, producing hydrogen and solid carbon with near-zero CO2 emissions. The hydrogen can be used for power generation and transport fuels, with carbon supplying the carbon black market for tyre manufacture and coating applications, K1 reported. “Tlou’s venture with Synergen creates a platform to convert CBM to hydrogen using renewable energy. “Successful demonstration will expand Tlou’s product mix, adding hydrogen, solid carbon and technology licencing to existing gas and power options. “Synergen&rsqu K1 has a target price for Tlou of A$0.24, versus a current price of around A$0.041. |
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