Tlou Energy says it is well positioned for significant advancements” in the coming months
Tlou Energy Ltd (LON:TLOU) managing director Tony Gilby, in the company's financial results statement, highlighted the company's achievements during 2018 and said it is in a good position to make "further significant advancements" in the coming months.
The results come as Tlou is advancing a well drilling and development programme at the Lesedi coal bed methane project, in Botswana.
Earlier this week, Tlou told investors that it has begun production testing operations at Lesedi, following the completion of the Pod 3 infrastructure, and that it would now proceed with de-watering and the lowering of pressure in the coal seam in order to start gas flows.
It anticipates initial production performance statistics will be available during the second quarter of this year.
In the meantime, drilling work continues at the Lesedi 4 pod. The 4A lateral well has so far been drilled, and work on the 4B lateral is presently underway. It is planned that 4B will be the final well in the current drilling programme.
Gilby, in Tuesday's statement, said: "We are proceeding with a series of value-adding field operations, the most significant of which is the drilling of initial development wells (Lesedi 3 and 4) which is on-going.
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