(Ecofin Agency) - Tlou Energy, has announced that it has received a preliminary Independent Reserve Certification from SRK Consulting for the Lesedi CBM Project situated in the prospecting licence PL002/2004 in Botswana.

According to the company, the plan is to continue to build reserves and upgrade the category of the reserves as further production data from Lesedi is obtained. It added that the initial reserves assessment is based on the production data gotten till date from the three pilot production wells in the Selemo Pilot and inferring the production data over a potential field development at Selemo to support a 50MW power generation project as SRK has indicated in the independent reserves report that the produced gas from the Selemo Pilot is capable of supporting an economic development for the Lesedi Project.

“I am absolutely delighted with this news; it is a very significant achievement for Tlou.  Initial reserve certification is a major milestone and demonstrates the commerciality of the Lesedi CBM Project.  As the first in Botswana to attain independently certified CBM reserves we are in a very strong position to progress the project further for the benefit of our shareholders and to bring a much needed and clean source of power to the people of Botswana. It has been a very important and successful period for the Company over the past few months, with funding secured through the recent placement, our Environmental Impact Statement approved and now independently certified reserves booked. These are significant steps in our aim to become a mid-tier gas to power producer in southern Africa and I look forward to updating the market further as we build upon this success,” Gabaake Gabaake, Executive Director of Tlou, told Energy-pedia.

Anita Fatunji