Ann: Tlou Energy Quarterly Activities Report, page-2

First glance, reads really well and an eventful quarter activity. So far, 1 core hole drilled on Mamba leases over an area of 4,500Km2. And purchased their first drill rig for delivery in May - who was doing the drilling before and who will man the new rig. 1 rig to cover 8,300Km2 is going to be busy, and this is going to greatly reduce future costs if core-hole drilling.
Nice bit of additional detail on 100MW RFP, again confirming Tlou bid for up to 10MW of initial generation and their engagement with Ministry on a way forward. Quite why 10MW initial generation and overall energy security are blended together is a bit cheeky but management do need to sell their story. If they get an award, then I imagine BDC would look to invest since they may not be spoiled for choice.
Directionally it is all good, but I just wonder in what time frame.