Page 39 - Noble Magazine • July-August 2020

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MINING

SUPPLIERS OF DRILLING CONSUMABLES. Tlou Energy

Funds Building of

DRILLING EQUIPMENT AND CONSUMABLES FOR ALL TYPES OF DRILLING Transmission Line
WORKS FROM DOWN THE HOLE HAMMER TO DIAMOND CORING.

Particular Products Supplied are: KPJ Drilling also provide:
n efforts to raise P24 million with transform the company from explorer
• Drilling Fluids and Muds • Re-conditioning of Drill Bits which to speed up generating to power producer looks to be coming
electricity, Tlou Energy has
to fruition. “The company plans to
• Diamond Coring Equipment & Manufacturing of Augers Ilaunched a partially underwritten commence work on the transmission
non-renounceable entitlement offer to
• Drilling Equipment its shareholders. line to connect the Lesedi Project to
the electricity grid as soon as possible.
• Overburden Drilling Systems “We are pleased to announce a partially The environmental and social impact
• Geological Equipment KPJ Drilling underwritten entitlement offer of up to assessment for the project line has been
completed as well as route alignment
• Core Trays Your Local 75,030,031 new offer shares at a price and associated surveys. We now plan to
for
of P0.32 (the issue price) per share,”
progress to the design and engineering
Supplier Gilby said in a statement recently. of the 66kV overhead line and 66kV announce a partially
“We are pleased to
“Eligible shareholders may subscribe
line feeder,” said Gilby.
for one fully paid ordinary share for
each six fully paid ordinary shares,” According to Tlou Energy, the underwritten
said Tlou Energy Managing Director, Company is in advanced discussions entitlement offer
Tony Gilby. with development funding institutions of up to 75,030,031
interested in providing debt and/or new offer shares
A non-renounceable rights issue refers equity capital to fund the next stage of
to an offer issued by a corporation the Lesedi Project. This work includes at a price of P0.32
to shareholders to purchase more but is not limited to drilling of additional (the issue price) per
shares of the corporation (usually wells, installation of generation assets,
at a discount). According to Gilby, purchase of capital equipment, and share,”. “Eligible
funds raised from the sale of shares installation of associated infrastructure shareholders may
and existing capital will be used to to develop up to 10MW of power. subscribe for one
fund engineering and designing of
a proposed 66kV transmission line Listed on the Botswana Stock Exchange, fully paid ordinary
to connect the Lesedi Project to the the Australian Securities Exchange and share for each six
Unit G 1 Plot 22055 electricity grid. London’s AIM market, Tlou is focused fully paid ordinary
Gaborone West Industrial “Grid connection is key to get the on delivering gas-to-power solutions shares”. .
Gaborone, Botswana power project up and running and to Botswana and Southern Africa to
alleviate some of the chronic power
start revenue generation. Development shortages in the region. The company
P O Box 10039, Gaborone funding can provide a vital financial is developing projects using coal bed
Botswana platform to help rapidly expand Tlou’s methane (CBM) natural gas. Botswana
generation capability. Successfully has a significant energy shortage and
+267 319 0837 completing these two items could generally relies on imported power and
+267 319 1822 prove to be a significant value driver diesel generation to fulfill its electricity
for the company. We are extremely
requirements. As 100 percent owner of
+267 74 294 929 grateful for the ongoing support of the the most advanced gas project in the
company shown by its stakeholders country, the Lesedi CBM Project, Tlou
rodney@kpjdrilling.co.bw and in particular to our long-term Energy provides investors with access
kpjdrillingsupplies.ws shareholders,” explained Gilby. to a compelling opportunity, using
domestic gas to produce power and
He further added that after many displace expensive diesel and imported
years of hard work, the potential to power.
DRILLING EQUIPMENT, MUDS AND ACCESSORIES Noble Magazine // July - August 2020 39