StockMarketWire.com - Tlou Energy booked a deeper annual loss as it continued to ramp up production at its coal bed methane assets in Botswana.

Pre-tax losses for the year through June amounted to $3.2m, compared to losses of $2.8m on-year.

The company also confirmed that it had been selected as preferred bidder for one of the first commercial coal bed methane gas-to-power projects in Botswana.

All environmental approvals had been received to commence commercial development, with company having already drilled two key development wells.



At 10:09am: [LON:TLOU] Tlou Energy Limited share price was +0.1p at 4.65p



Story provided by StockMarketWire.com