"In a bold move to diversify its energy portfolio, the Government of Botswana, via the Botswana Power Company, inks its first power purchase agreement with a coal bed methane producer.
THREAD 🧵: On a Date with Tlou Energy (TE)
In 2009, Nathan Andrew Mitchell of Mitchell Group Holdings (MGH) and Anthony Gilby of Sunshine Gas Limited joined forces to create TE
MGH is an Australian private investment firm, focuses on energy and mining investments both domestically and internationally.
Historically, the licenses for the Lesedi Project were owned by Saber Energy (SE) and held under a Farm-In Agreement between Kalahari Energy Ltd and Sekaname, a subsidiary of SE.
2010, TE is registered as a public company in Australia and registered as an external company in Botswana, in terms of the Companies Act on the 7th November 2017.
TE and SE formed a joint venture for the Lesedi licences and other licences in Botswana.
In 2010, the venture ended, and TE acquired full ownership and operational control of these licences.
2014, TE is awarded additional licences, Mamba licences.
Mamba licences were previously held by Anglo Coal Botswana prior to its relinquishing these assets.
TE was again awarded with the Boomslang prospecting licence
#2. Operations,
TE is developing power solutions for Botswana and Southern Africa through coal bed methane (CBM) and ancillary projects.
Lesedi Power Project (LPP) is fully owned and operated by TE which is the company's most advanced development.
LPP has independently certified gas reserves, a production license, and all necessary government approvals.
LPP is located in the Karoo Kalahari Basin in south-eastern Botswana, which contains a significant proportion of southern Africa’s coal deposits
#3. Competitors
Botala Energy
Botala Energy is a coal bed methane (CBM) exploration and development company. It focuses on developing production from its 100% owned Serowe CBM Project in a high-grade CBM region of Botswana.
Kalahari Energy Botswana (KEB)
#4. Share price,
0.50 BWP per share as at July 16,
0.50 BWP per share on the 3rd of Jan 2024
24th on ranking in terms of year to date performance on the BSE
33rd most traded stock over the past 3 months to July 16, 2024
1,024,583,025 issued shares
#5. Shareholding,
34.86% is held by ILC Investments, an investment vehicle led by Dr Ian Campbell a high net worth investor based in Australia.
Dr. Campbell boasts +50 years as both an investor and operator in various successful ventures.
#6. Management,
Anthony Gilby - MD
With over 30 years of experience in the energy industry, Gilby is the founder of Tlou Energy. He holds a degree in Geology from the University of Adelaide, earned in 1984, and began his career as a well-site geologist.
Each week will be on a Date with a company listed on the @TheOfficialBSE.
The purpose of this thread is to have a minimum appreciation of listed firms.
Disclaimer: Do not misconstrue this thread as investment advise DATE companies before you buy its shares
Martin Mataga
@MartinMataga
Democratizing investing knowledge by sharing simplified stories of people, enterprises and organizations delivering value in the marketplace. Growing with you!