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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