If Kala's mission statement is honest , and here it is ..
"Backed by Strategic Investment.
Kala Data is supported by a consortium of investors from the tech and finance sectors, giving us the financial strength and flexibility to pursue promising opportunities. We actively seek projects where we can add value and craft solutions that benefit both us and our partners. Our approach to investment is adaptable. Whether through debt, equity, farm-in agreements, or bespoke financial instruments, we tailor our financial structures to minimise upfront capital requirements for our partners while fostering long-term, mutually beneficial relationships. We don’t just provide funding—we build strategic partnerships that drive growth and innovation."
... then their deal with TLOU needs to run like clockwork.
Any start-up CBM company that is not fully funded through to production will be attracted to the deal that TLOU have. If Kala do not honour it, they can say cheerio to most respectable partners. TLOU did well to keep it hushed up until it was a done deal. That has been received by some as an indication of poor management - because they want to know how much gas is flowing? Kala told us they can work with the levels they got during Jan/Feb and that is enough to start earning an income.
More gas , more income , so their backers will support additional wells once they see the rewards are achievable. And with Kala backing, TLOU has enough gas to last for several decades. Kala backing is only needed to get to industrial levels of gas and to complete the connection to the National Grid. By Xmas we should have an indication of when BPC might take over the Tx lines. 2026 or 2027? Once #4 and #6 are dewatered I am hopeful further wells will be dewatered much faster than we have seen so far. Removing gas must help with dewatering surely? Lowering the pressure that helps the coal retain the water?
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