Grant Thornton advises Tlou Energy Limited Tlou Energy Limited completed their fast-track admission to AIM of ASX

November 2015
Tlou Energy Limited
Adviser to Tlou Energy Limited on their fast track admission to AIM of ASX
£12.6 million
Grant Thornton team
Oil and gas
Public company transactions
Australia
UK

We are delighted to have advised Tlou Energy Limited on their fast-track admission to AIM of ASX.

Tlou Energy Limited ("Tlou" or the "Company") is a Coalbed Methane (CBM) natural gas explorer and pilot producer with interests in southern Africa. Its principal assets are based in Botswana, where it has one of the most advanced CBM projects in the country. 

Botswana is one of Africa's most stable countries and its recent economic growth has been high by African standards. It is the world's largest exporter of diamonds but has recently been seeking to reduce its economic dependence on diamonds, moving to boost local business and employment in other sectors. 

Tlou was set up to supplement the energy needs of the rapidly growing southern African region through supplying natural CBM gas to generate new electrical energy as well as to replace existing diesel and coal fired power generation. 

Tlou listed on the Australian Stock Exchange in 2013 with a large number of UK shareholders and the Company wanted to list on AIM to take advantage of their UK investor pool. 

We were engaged as Nominated Adviser with assistance from Grant Thornton Australia. The client was sold on our ability to service clients through our teams in the UK and Australia. 

Tlou successfully raised £1.2m through a mixture of existing and new investors from the UK and Australia. The dual listing completed on schedule with only 10 weeks between our appointment and the announcement of the transaction. Tlou was admitted to trading on AIM with a market cap of £12.5 million on 30 November 2015 under the ticker TLOU. 

Testimonial

We appointed Grant Thornton because of their AIM experience and because of their coverage both in the UK and Australia. During the admission process, the Grant Thornton team work seamlessly with our other advisers to a tight timetable. The team provided endless support to us and we look forward to working together as we grow as a company.

Colm Cloonan Finance Director, Tlou Energy Limited

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