Sharenet Sites 
Sharenet Sites
Commencement of Drilling
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”)
COMMENCEMENT OF DRILLING
Emerging domestic natural gas and helium producer Renergen is pleased to announce that a
contract with Bohrmeister Technik Proprietary Limited (“Bohrmeister”) has been signed, to
commence drilling of the first inclined well for the delivery of gas to Phase I of the Virginia Gas
Project.
All necessary safety precautions required to ensure the health of all members of the drilling team,
will be given the highest level of priority and in full compliance with regulations during the COVID-
19 crisis and Renergen anticipates that mobilisation will take approximately 6 weeks. Once
mobilised, the Company envisages a further 8 weeks for drilling to be completed.
The Company will provide an update on the progress of the drilling, as it advances.
Stefano Marani, CEO, said “This is a very important well for Renergen, and the first drilled at an
incline. Drilling will take place in an area of very high prospectivity, where helium concentrations
are known to be around 2%. The subsurface of the targeted area is highly fractured.
These fractures carry the helium-bearing gas from much deeper depths and are mostly
subvertical. The well will be drilled at roughly a 45-degree angle from the horizontal, thus reducing
the risk of drilling and not striking these gas-bearing fractures.
A successful inclined well will prove the efficacy of these types of wells and will optimise the
drilling plan moving forward. Importantly, it will also increase the potential to hit more than a single
fracture per well which therefore would see more gas flow with less drilling.”
“We are very pleased, following the success of the first well, to have been awarded the contract
for the next well. We are excited to drill this incline well using a conventional method” said Heinz
von Fintel, Operations Director, Bohrmeister Technik.
Johannesburg
13 May 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: 13-05-2020 09:00:00
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