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Afrox and Renergen Sign Major Helium Contract
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(formerly Dominica Trade Proprietary Limited)
(Registration number: 2014/195093/06)
Share code: REN ISIN: ZAE000202610
(“Renergen”)
AFROX AND RENERGEN SIGN MAJOR HELIUM CONTRACT
Shareholders are advised that alternative energy company, Renergen, through its subsidiary, TETRA
4 Proprietary Limited (“TETRA 4”), and leading supplier of gases and welding products, African Oxygen
Limited (“Afrox”), have signed a contract for the commercialisation of the Free State Helium and Natural
Gas field operated by TETRA 4.
The 187,000 hectare Helium and Natural Gas field in Virginia, near Welkom, has proven reserves of
25 billion cubic feet of Helium and Natural Gas. The contract will enable Afrox to locally source and
supply Helium to numerous specialised and industrial markets by 2018/19.
Under the agreement, TETRA 4 has contracted the Helium offtake to The Linde Group, via its Global
Helium business. JSE-listed Afrox, a member of The Linde Group, will operate the processing plant and
market the Helium.
Renergen Chief Executive Officer, Stefano Marani, said: “Today is indeed an important milestone as
we embark on the beneficiation of this important Helium deposit for the benefit of all our stakeholders.”
Johannesburg
4 May 2016
Designated Adviser
Merchantec Capital
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