StockMarketWire.com - Tlou Energy, the company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), said three of its key prospecting licences have been renewed for a further two-year term.

The Lesedi project consisted of five CBM prospecting licences in Botswana covering an area of about 3800 sq km.

"These licences are currently the focal point for the Company's operations and include the Selemo project area where the company has been producing gas for an extended period," said Tlou in a statement.

Renewal applications for three key prospecting licences (PL 001, 002, 003/2004) were submitted to Botswana's Ministry of Minerals, Energy and Water Resources (MMEWR) in December 2016.

"MMEWR has confirmed that these licences have been renewed for a further two-year term to 31 March 2019," said Tlou.

The area covered by these licences was of significant importance to Tlou and subject to results of the ongoing field operations the Company may convert part of these prospecting licence areas to a Mining Licence during the term of the current renewal period," the company said.

A Mining Licence is required prior to the commencement of full field development.






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