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Completion of Pipeline Design
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
(“Renergen” or “the Company”)
COMPLETION OF PIPELINE DESIGN
Emerging domestic natural gas and helium producer Renergen is pleased to confirm the
completion of the design of the pipeline as of the 16th of April 2020, marking the third milestone
achieved.
The Company’s Milestone Tracker, www.renergen.co.za/milestones/, had the intended
completion date of this milestone at the 1st of April 2020 with a tolerance level of 7 days either
way. This means that the milestone was achieved 8 days behind schedule, which under current
conditions is an achievement in itself. This milestone is not considered to be on the critical path
for the final completion date, and therefore the Company does not anticipate that missing this
milestone will lead to delays in the final project completion given the pipeline is intended to be
complete well before the liquefiers are intended to be delivered in South Africa.
“The team is motivated and working very well under the current conditions. Based on the current
circumstances, we have no reason to believe we are likely to suffer any material delays to our
scheduled turn on date and remain cautiously optimistic. Obviously the world finds itself in
uncertain and extreme conditions and anything can change quite suddenly, but we remain
confident that our position as a disrupter to traditional fuels, and as a new entrant to the helium
supply market, stands us in good stead and hope to emerge having gained ground,” said CEO
Stefano Marani.
Johannesburg
17 April 2020
Designated Advisor
PSG Capital
For Australian Investors & Media, contact Citadel-MAGNUS
Cameron Gilenko, 0466 984 953
Tom Kohlen, 0419 953 526
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: 17-04-2020 09:01:00
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