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Tlou Energy said it had made technical progress at a well in South African with the aim of establishing a commercial gas flow rate.
The Lesedi 3 production pod had successfully reached critical desorption pressure, the company said.
Critical desorption pressure is the pressure at which gas begins to come out of coal after a dewatering process.
The separate Lesedi 4 well continued to be carefully dewatered in a consistent and controlled manner.
'The primary objective remains to demonstrate a commercial gas flow rate,' chief executive Tony Gilby said.
At 9:38am: (LON:TLOU) Tlou Energy Limited share price was 0p at 6.35p