Tlou Picks Up New CBM Acreage

Tuesday, April 2, 2019

Tlou Energy was awarded a new coal bed methane prospecting license by the Department of Mines at the Ministry of Mineral Resources, Green Technology and Energy Security in Botswana. The new license, PL011/2019 designated “Boomslang” is valid for an initial term of three years.

The license area is approximately 1,000 sq km and is situated adjacent to the Tlou’s existing licenses. The Boomslang area is located on-trend with the encouraging results observed to date at the Lesedi project and is considered to be highly prospective.

With initial development operations ongoing at the Lesedi gas field, the award of the adjacent Boomslang area along with the Mamba area provides the company with further flexibility and optionality.

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