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RENERGEN LIMITED - Corporate Spotlight

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing... Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).More

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Corporate Spotlight

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).
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First zero carbon emission solution for cold chain

RLT REPORTS GAS AT VIRGINIA

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Renergen (ASX:RLT) reports encouraging gas shows from Virginia

Energy

ASX:RLT    MCAP $137.9M

Renergen (ASX:RLT) raises nearly $7 million

·LNG and helium producer Renergen (RLT) has announced an update to its current drilling operations at its Virginia Gas Project 

·Renergen has two drill rigs active on the South African based site working on two different wells

·The P2V2 well is being prepared for directional drilling, after a series of delays in previous months

·The other well, MDR1, has already been subjected to directional drilling with encouraging gas shows sighted

·In addition, Renergen has announced a three-well drilling program is due to begin in the coming weeks with a new contractor

·Shares in Renergen are trading up 2.13 per cent at $1.20 each

Renergen (RLT) has announced an update to its current drilling operations at its Virginia Gas Project in South Africa.

The helium and LNG producer currently has two drill digs active at the site in the country's Free State province.

One of them, the P2V2 well, is being prepared for directional drilling to intersect sub-vertical fracture systems which act as the conduit for gas flows in nearby producing wells.

Read the full article on The Market Herald


RLT CONFIRMS FIND IN SOUTH AFRICA

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Renergen (ASX:RLT) confirms unexpected find in South Africa

Energy

ASX:RLT    MCAP $145.6M 
Renergen (ASX:RLT) - CEO, Stefano Marani - The Market Herald
CEO, Stefano Marani
Source: Africa Oil Week


  • Natural gas and helium producer Renergen (RLT) has posted a drilling update to the market today suggesting it has uncovered gaseous odours at its Virginia Gas Project in South Africa 
  • The company is in the process of drilling hole P2V2 which is aiming to drill through the base of Karoo sedimentary rock and into the gas-bearing fault structures
  • It has drilled through Karoo with drilling to resume once exploration hole MDR1 has been re-entered and deepened 
  • Previous work at MDR1 determined it to be 200 metres away from a gas bearing structure but upon recent re-entry, a gaseous odour was found 
  • This was unexpected given no gas was recorded in the original drilling from several years back
  • As a result, Renergen decided to log the hole again and enter the point of gas before drilling resumes at P2V2 
  • Renergen is down 7.26 per cent on the market with shares trading for $1.15 each 

Renergen (ASX:RLT) has posted a drilling update to the market today suggesting it has uncovered gaseous odours at its Virginia Gas Project in South Africa.


The Virginia Gas Project covers an area of 187,000 hectares of gas fields across Welkom and Theunissen in the country. 

On October 21, Renergen posted it is progressing the second hole, P2V2, after the first hole was abandoned in September after losing important drilling equipment. 


The aim of hole P2V2 is to drill through the base of Karoo sedimentary rock and into the gas-bearing fault structures. 

Renergen has been drilled through Karoo and the well is now being logged before cementing begins. 

Drilling will resume at P2V2 once MDR1 has been re-entered and deepened. 


MDR1 is an exploration hole which was previously drilled and cased past the Karoo but was ultimately determined to be 200 metres away from a gas bearing structure. 


Upon re-entry to MDR1, Renergen encountered a gaseous odour which was unexpected given no gas was recorded in the original drilling from several years ago. 


As a result, Renergen decided to log the hole again and enter the point of gas before drilling begins. 

This new work is expected to begin in the next three to four days once logging is complete. 


"It is always really good receiving the kind of nice surprise like we did this week. Whilst the detection of this gaseous odour should not be misinterpreted as a positive strike, it is an encouraging sign, kind of a good omen before we start drilling," CEO Stefano Marani said. 

"Until we get real flow, we urge caution, these things take time and remain risky," he added. 


Read the full article here

VIDEOS & MEDIA

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First zero carbon emission solution for cold chain logistics - November 2020



Investor Updates with Stefano Marani, MD Renergen - November Drilling Program and Well Updates - November 2020



Investor Updates with Stefano Marani, MD Renergen - Drilling and project updates - September 2020




Renergen signs LNG supply agreement

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Renergen (ASX:RLT) signs LNG supply agreement with Logico

Energy

ASX:RLT MCAP $126.8M

Renergen (ASX:RLT) signs LNG supply agreement with LogicoSource: Total


  • Renergen (RLT) has signed a new LNG supply agreement with niche market transport service provider Logico Logistics Group
  • The agreement covers the supply of natural gas in Total-branded service stations along the N3 route between Johannesburg and Durban in South Africa
  • RLT and Total signed a deal earlier this year to market and distribute LNG at the petrol stations along that route
  • The Renergen CEO said signing Logico showed how sustainable solutions were on the rise among businesses
  • Shares in RLT are trading for $1.08 each at the close of market


Read the full article on The Market Herald here: https://themarketherald.com.au/renergen-asxrlt-signs-lng-supply-agreement-with-logico-2020-10-06/

OVERWHELMED BY INTEREST FOR LNG AUCTION

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Renergen (ASX:RLT) overwhelmed by interest for South Africa’s first LNG auction

Energy

ASX:RLT    MCAP $137.9M  
Renergen (ASX:RLT) raises nearly $7 million


  • Renergen (RLT) has closed registrations for South Africa's first Liquified Natural Gas (LNG) auction, receiving much greater interest than expected
  • The emerging natural gas and helium producer holds the only onshore petroleum production rights in the country
  • At the auction, parties will be able to bid for an allocation of the LNG to be produced at Renegen's Virginia Gas Project
  • Renergen expects to complete the phase one expansion of the project in 2021 which will see it begin producing LNG and helium
  • Registrations for the auction closed on Friday, and once non-disclosure agreements are finalised, the parties will have until the end of October to submit their bids
  • Shares have been trading 3.4 per cent higher at $1.22 in early afternoon trade

Renergen (RLT) has closed registrations for what will be South Africa's first Liquified Natural Gas (LNG) auction.


The emerging natural gas and helium producer will hold the auction to allocate LNG that will be produced at its Virginia Gas Project in the Free State, some 250 kilometres southwest from Johannesburg.


Renergen holds the only onshore petroleum production rights in the country and expects to complete the phase one expansion of the Virginia Gas Project in 2021, which will see it begin producing helium and LNG instead of compressed natural gas.


On Friday the company closed registrations for the auction and, according to CEO Stefano Marani, generating much greater interest than it had anticipated.


“We expected some interest but certainly not the level received, with significantly more companies involved in the auction process than we had forecasted," Stefano told the market.


"Many companies in South Africa have their own procurement departments dealing in energy and an auction, such as this would never feature in their operational processes, however, we were pleasantly surprised to be proved wrong," he explained further.

Non-disclosure agreements are now being finalised and, following the information sharing process, the parties will have until the end of October to submit their bids.


"We now look forward to completing the information sharing process and assessing all bids received," Stefano concluded.

Shares have been trading 3.4 per cent higher at $1.22 at 1:40 pm AEST.


Read the full article on The Market Herald here: https://themarketherald.com.au/renergen-asxrlt-overwhelmed-by-interest-for-south-africas-first-lng-auction-2020-09-03/

ABOUT RENERGEN LTD

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ABOUT RENERGEN LTD 

Visit Renergen's Website


HISTORY

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).


JSE Share code: REN (June 2015)
ASX Share code: RLT (June 2019)
A2X Share code: REN (November 2019)


Renergen’s principal asset is its 100% shareholding in Tetra4, which holds the first and only onshore petroleum production right (issued by the The Department of Mineral Resources and Energy (DMRE)) in South Africa, giving it first mover advantage on distribution of domestic natural gas. Our Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg.


Our natural gas contains one of the richest helium concentrations recorded globally. The natural gas is also very pure with an average of over 90% methane, and almost zero higher alkanes, which reduces the complexity of liquefication. Furthermore, our natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power.



WHAT WE DO

Renergen is an emerging helium and LNG producer with production rights to a unique renewable gas resource at its Virginia Gas Project.


The Virginia Gas Project is home to living microbial organisms that produce a constant, renewable source of gas, which also contains exceptionally high helium concentrations as a result of significant uranium and thorium deposits deep underground. This renders the site a potential major global helium resource.


Visit Renergen's Website

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