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Evander Helium Discovery of 1.1%
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”)
EVANDER HELIUM DISCOVERY OF 1.1%
Natural gas and helium producer Renergen is pleased to announce the discovery of helium at its
Evander Exploration Rights prospect (“Evander”), with a concentration of 1.1% helium identified
in the gas.
Evander spans approximately 52,000 hectares, with many abandoned holes drilled for coal and
gold exploration. Importantly, Evander is conveniently located around 120km from South Africa’s
main industrial hub Johannesburg and close to the main gas pipeline.
The well in question at Evander was drilled many years ago and had no surface infrastructure.
As such, the well became waterlogged and is hidden in the middle of planted land. Despite this,
the gas is able to overcome the water pressure and is producing 5,000 standard cubic feet per
day. The Company will consider which studies on the well need to be undertaken to begin
appraising this part of the Evander field. To date, no additional logging on the well has been
undertaken.
The discovery at Evander continues to demonstrate the significant upside exploration potential.
Over the past three months, Renergen has announced impressive high-grade helium
concentrations of 3.15% at well MDR1 and 4.38% at well P007, along with intersecting gas at
well R2D2, with assays currently being collected and to be analysed in the laboratory.
Renergen is focused on targeted and ongoing exploration at the Virginia Gas Project through its
drill program of a total of 6 wells.
The Company is also pleased to announce that the pipeline for the Virginia Gas Project,
constructed by EPCM Bonisana, has now been performance tested and performed better than
expected, with almost 7% increase in flow relative to the original design characteristics, along
with over 30% reduction in power consumption from what had originally been estimated. The
plant is now being laid on its foundations and awaiting the final shipments to be able to install the
plant and connect the pipeline.
“Renergen is a little spoiled with the Virginia Gas Project and its high helium concentrations, but
when you think about it, 1.1% is still an astoundingly high number. Evander is a very interesting
prospect, with the discovery solidifying our intent to attempt to convert these exploration rights
into a production right.
“Importantly and a major advantage for Renergen is having an onshore energy asset so close to
Johannesburg, as it opens up some very interesting opportunities,” said CEO Stefano Marani.
Johannesburg
21 June 2021
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: 21-06-2021 08:30:00
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