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RENERGEN LIMITED - Trading Statement

Release Date: 13/10/2016 15:09
Code(s): REN     PDF:  
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Trading Statement

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”)


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that the financial
results for the period to be reported on will differ by more than 20% from that of the previous
corresponding period.

Accordingly, a review of the financial results for the six months ended 31 August 2016 by
management has indicated that the loss per share and headline loss per share is expected to be
between 19.81 cents and 5.65 cents, reflecting a decrease in the loss of between 93% and 98%
compared to the loss per share and headline loss per share of 283.06 cents for the six months
ended 31 August 2015.

Production commenced in May 2016 with compression taking place from the first of the
Company’s current 12 wells, which was the major contributing factor to the positive change in
earnings.

The financial information on which this trading statement is based has not been reviewed or
reported on by Renergen’s auditors. Renergen's financial results are expected to be released on
SENS on or about 18 October 2016.


13 October 2016
Johannesburg

Designated Adviser
Merchantec Capital

Date: 13/10/2016 03:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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