REG - Tlou Energy Ltd - Lesedi Drilling and Project Update

TLOU EnergyAnnouncement

11/09/2023 07:00

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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
 Solomon Rowland, General Manager

 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
 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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