Tlou Energy Limited (Tlou) confirmed on 1 April 2019 that it had been awarded the new âBoomslangâ CBM Prospecting Licence PL011/2019 for an initial term of three years. It encompasses approximately 1,000 square kilometers (sq km) of acreage contiguous to its existing Lesedi Coal Bed Methane (CBM) Project in ML2018/18L. Tlou had announced on 13 March 2019 that Botswana Public Procurement and Asset Disposal Board (PPADB) and the Ministry of Mineral Resources, Green Technology and Energy Security (MMGE) had provided intermediate, technical stage approval for the provision and staged development of a new CBM-fueled Lesedi power plant, so the project only now requires the government to approve its financial proposal.     Tlou regards      the Boomslang area to be highly prospective. Not only is it on-trend with      the Lesedi project, but in combination with its Mamba CBM project, the      additional resource base Â would      provide the company with greater operational flexibility.     The Lesedi CBM Project is located within Mining Licence (ML 2018/18L) which plays host to the Selemo CBM (Lesedi) coal bed methane field.      Lesedi CBM pod testing was underway throughout March 2019. Tlou intends to use the Lesedi testing phase to convert a significant portion of currently established gas Resources to Reserves prior to the delivery of gas to its proposed central processing facility and power station.    Tlou Energy Limited is based in Brisbane, Australia but listed on both the Australia (ASX), Botswana (BSE) and AIM stock exchanges. Following the acquisition of PL011/2019, it is believed to holds 11 CBM licences in south-eastern Botswana encompassing around 9,300 sq km.
Tlou has been granted the ca. 1,000-sq km Boomslang block, a new CBM prospecting licence on-trend with the Lesedi CBM project, for an initial 3-year term.