Africa Energy: Tlou Energy provides update on Lesedi and Mamba CBM Projects seismic acquisition

Tlou Energy, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (‘CBM’), is pleased to provide an update on the progress of the 2D Seismic program underway across the Lesedi and Mamba CBM Projects in Botswana.

Highlights

• Survey commenced on 8 October 2017
• Approx. 40% of the work has been completed
• Project is on time and on budget
• Excellent quality data obtained

Tlou’s Managing Director Tony Gilby said:

‘The seismic survey is progressing well and we are very pleased with the data obtained to date.  Data from the survey is being integrated with existing data with a view to expanding the Lesedi and Mamba Gas Reserves and Contingent Resources.  The addition of further Reserves and Contingent Resources de-risks the project even further and could add significantly to the value to the Company.  The seismic data will also enable us to locate the optimum drill locations for core and first phase development wells.’