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Wednesday, November 8, 2017
Tlou Energy has commenced core-hole drilling at its Lesedi CBM Project in Botswana. The start of the drilling follows the acquisition of seismic data from the ongoing seismic survey over the its Lesedi and Mamba projects. From the data already acquired, the company, in consultation with SRK Consulting (Australasia), has been able to identify an ideal location in the Lesedi project area for an initial core-hole, with drilling of this core-hole now in progress.
The company believes that the core-holes will confirm the coal quality as well as the gas content. It will also provide further information aimed at expanding the Tlou’s Gas Reserves and Contingent Resources. In addition, the drilling is providing additional data over the areas where initial project development is expected to occur.
Project development is planned to commence in 2018, subject to the results of the company’s application to the government of Botswana to develop up to 100MW of CBM fueled power generation.
While the company’sseismic survey is still ongoing, Tlou expects to complete it later this month. The acquisition covers over 250km of Tlou’s CBM acreage. It is being conducted by Velseis. The final analysis of the data is expected to be prepared shortly after the acquisition is complete. Tlou says the data quality to date appears to be excellent with good imaging of the coal target section being achieved.
The data is a key input for the company’s reserve certifier, SRK to gain increased confidence in target coal distribution within Tlou’sLesedi and Mamba permit areas. SRK will use the new seismic data and integrate this with existing aeromagnetic data to provide a clearer picture of the sub-surface geology.
Tlou’s Managing Director Tony Gilby said: “The seismic survey is progressing very well and the analysis of the data to date has provided sufficient information for the commencement of core-hole drilling at the Lesedi CBM project. The information from the seismic program along with the core-hole data will be key to the expansion of the Company’s existing Gas Reserves and Contingent Resources, which through provision of increased confidence in the project could add significantly to the inherent value of the company’s assets and provide vital data for the commencement of development activities in 2018.”
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