– AUSTRALIA, Brisbane – Tlou Energy Limited (AIM:TLOU, ASX:TOU),the listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane, is pleased to announce that Mr Hugh Swire has been appointed to the Board as a Non-Executive Director with immediate effect.
Tlou’s Managing Director Tony Gilby said, “Hugh is a great addition to our team and brings a wealth of knowledge and experience to the Board. Hugh is based in London and is very well known in the investment community. He is a long term Tlou shareholder having held shares since 2009 and has an in-depth knowledge of the Company. We very much look forward to his contribution to the Board.”
Information on Hugh Swire
Hugh William Swire, aged 37, is a partner in Mahon China, an established investment management and advisory partnership based in Beijing. Active in China since 1985, Mahon China have over three decades of experience advising foreign companies with investments and corporate activities in China.
Hugh has expert knowledge and direct investment experience in the low carbon water, energy and technology sectors having completed and exited investments into several leading companies in the low carbon sector. Hugh travels to China regularly and using his Chinese language skills after graduating from Oxford University with a BA (Hons) in Chinese.
Company Information
Tlou Energy is an AIM and ASX listed company focused on delivering power in Botswana through the development of coal bed methane gas. Botswana has a severe energy shortage and is currently relying on expensive imported power and diesel generation to deliver its requirements. However, as the 100% owners of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling immediate and longer term opportunity using domestic gas to produce power and displace expensive diesel and imported power.
The Company is led by an experienced Board, management and advisory team including individuals with successful track records in the Australian CBM industry.
Since establishment in 2009, the Company has significantly de-risked the project in consideration of its goal to become a significant gas to power producer. The Company has the most advanced CBM project in Botswana and flared its first gas in 2014. It holds 10 Prospecting Licences covering an area of ~8,300Km2 and the Lesedi Project already benefits from significant independently certified Contingent Gas Resources of ~3.2 trillion cubic feet and independently certified Gas Reserves.
The Company is planning an initial scalable gas-to-power project in Botswana. Following successful implementation of this first scalable project, the Company plans to expand to provide further power to Botswana and the southern African region.
For more information : http://www.tlouenergy.com
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