TLOU Tlou Energy Limited

TIDMTLOU

RNS Number : 3094L

Tlou Energy Ltd

29 April 2020

29 April 2020

Tlou Energy Limited

("Tlou" or "the Company")

Gas and Solar Presentation

Tlou Energy Limited is an ASX, AIM and BSE listed company focused on generating cleaner power in Botswana for supply into the local and regional power markets.

The Company has released a new presentation outlining plans for a combined gas and solar power solution for Botswana.

The presentation is now available to view on the Company's website http://tlouenergy.com/presentations.

For further information regarding this announcement please contact:

 
 Tlou Energy Limited                                     +61 7 3012 9793 
 Tony Gilby, Managing Director 
                                                       ----------------- 
 Solomon Rowland, General Manager 
                                                       ----------------- 
 
                                                         +44 (0)20 7383 
 Grant Thornton (Nominated Adviser)                       5100 
                                                       ----------------- 
 Colin Aaronson, Harrison Clarke, Samantha Harrison, 
  Seamus Fricker 
                                                       ----------------- 
 
                                                         +44 (0) 207 408 
 Shore Capital (Broker)                                   4090 
                                                       ----------------- 
 Jerry Keen, Toby Gibbs 
                                                       ----------------- 
 

Company Information

Tlou Energy is focused on delivering Power solutions to Botswana and southern Africa to alleviate some of the chronic power shortage in the region. Tlou is currently developing projects using gas and plans to combine this with solar power to provide a cleaner base load power source.

Botswana has a significant energy shortage and generally relies on imported power and diesel generation to fulfil its power requirements. Tlou's Lesedi Power Project provides investors with access to a compelling opportunity to displace expensive, carbon intensive diesel and imported coal-fired electricity with a cleaner and more environmentally friendly alternative.

In addition to plans for cleaner energy, the Company is also committed to developing community projects in Botswana adding real value to peoples' lives in a region with sparse services and where few opportunities exist for the local population. This includes work to assist communities to become self-sustaining, develop business opportunities, improve access to education and create opportunities for self-employment and wealth creation.

The Company is listed on the Australian Securities Exchange, London's AIM market and the Botswana Stock Exchange and is led by an experienced Board, management and advisory team.

The project is significantly de-risked. The Company produced its first gas in 2014, has a Mining (or development) Licence valid to 2042 and 10 Prospecting (or exploration) Licences. The Company's project acreage covers a vast area spanning approximately 9,300 Km(2) in total.

Tlou's 'Lesedi' and 'Mamba' projects already benefit from significant independently certified 2P gas Reserves of 41 Billion Cubic Feet (BCF). In addition, 3P gas Reserves of 427 BCF and Contingent Gas Resources of 3,043 BCF provide significant additional potential.

The Company is planning an initial scalable power project. Following successful implementation of this first scalable project, the Company looks forward to evaluating longer-term prospects for the delivery of additional electricity to Botswana and to neighbouring countries.

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. Tlou Energy Limited undertakes no obligation to update any forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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