Tlou Energy Ltd First Gas Flow from Lesedi 6 Production Pod (6711U)
27 Novembro 2023 - 4:00AM
UK Regulatory
TIDMTLOU
RNS Number : 6711U
Tlou Energy Ltd
27 November 2023
27 November 2023
Tlou Energy Limited
("Tlou" or "the Company")
First Gas Flow from Lesedi 6 Production Pod
Highlights
Ø First gas to surface from the recently drilled and completed
Lesedi 6 pod
Ø This is the fastest time between starting dewatering and first
gas in Lesedi to date
Ø Lesedi 4 pod is dewatering in line with expectations
Gas flowing at Lesedi
Gas has started to flow at the Lesedi 6 Production Pod and has
been flared.
This follows the drilling of the new Lesedi 6 production pod and
the redrill of the lateral sections of the Lesedi 4 production pod.
Post drilling operations each pod was flushed to clear the wells.
Production equipment was then installed and dewatering commenced in
late October 2023.
In recent days Lesedi 6 experienced a rapid increase in casing
pressure in both lateral wells with first gas production to surface
occurring soon thereafter.
The rapid build-up of casing pressure and comparatively short
time taken from commencement of dewatering to first gas to surface
is very encouraging. It represents the fastest gas to surface in
the Lesedi field to date.
The next step is to allow the gas flow rate to develop and
obtain an initial sustained flow rate. The Company will continue
production testing at both Lesedi 4 and Lesedi 6 and update the
market in due course.
A short video of the gas flare is available on the following
link: https://youtube.com/shorts/jzOjrA-xCrE
****
The above schematic provides a visual representation of how
Tlou's production pods have been drilled. This is indicative only
and not to scale.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3040 9084
Tony Gilby, Managing Director
----------------------
Solomon Rowland, General Manager
----------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
----------------------
Harrison Clarke, Colin Aaronson, Ciara Donnelly
----------------------
Zeus Capital (UK Broker) +44 (0)20 3829 5000
----------------------
Simon Johnson
----------------------
Investor Relations
----------------------
Ashley Seller (Australia) +61 418 556 875
----------------------
FlowComms Ltd - Sasha Sethi (UK) +44 (0) 7891 677 441
----------------------
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa
through gas-fired power and ancillary projects. The Company is
listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The
Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the
Company's most advanced project. Tlou's competitive advantages
include the ability to drill cost effectively for gas, operational
experience and Lesedi's strategic location in relation to energy
customers. All major government approvals have been achieved.
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. Save as required by any applicable law or
regulation, Tlou Energy Limited undertakes no obligation to update
any forward-looking statements.
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END
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