RENERGEN LIMITED - Equipment on Site -Unexpected Gaseous Odours on Re-entry of MDR1 Well

Equipment on Site -Unexpected Gaseous Odours on Re-entry of MDR1 Well

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
(“Renergen” or “the Company”)

EQUIPMENT ON SITE

UNEXPECTED GASEOUS ODOURS ON RE-ENTRY OF MDR1 WELL

Emerging domestic natural gas and helium producer Renergen is pleased to update shareholders
on the current inclined drilling programme, previously reported on 21st October

P2V2 is now drilled through the base of the Karoo sedimentary section into the underlying
Witwatersrand group. The well is now being logged prior to cementing the final casing string.
Drilling will resume in P2V2 as soon as well MDR1 has been re-entered and deepened with the
newly arrived directional drilling rig.

MDR1 is an old exploration hole which was drilled and cased past the Karoo but was
subsequently interpreted to be approximately 200 meters away laterally from the anticipated gas
bearing fault structure. The newly arrived directional drilling rig has arrived on site.

A gaseous odour was detected on the re-entry of MDR1, which was unexpected given no gas
was recorded in the original drilling several years ago. Given this unexpected positive
development, the Company decided to log the hole again to attempt to locate the ingress point of
the gas prior to commencing the drilling. Drilling will commence after the logging is completed in
the next 3-4 days.

“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. Until we get real flow, we urge
caution, these things take time and remain risky,” said Stefano Marani

Johannesburg
30 October 2020


Authorised by: Stefano Marani
Chief Executive Officer


Designated Advisor
PSG Capital
For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953

To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company’s website.

www.renergen.co.za

Date: 30-10-2020 10:27:00
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