RENERGEN LIMITED - Tetra4 Updates Methane and Helium Reserves

Release Date: 04/03/2019 10:00
Code(s): REN
 
Wrap Text
Tetra4 Updates Methane and Helium Reserves

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
Share code: REN
ISIN: ZAE000202610
(“Renergen” or “the Company” or “the Group”)


TETRA4 UPDATES METHANE AND HELIUM RESERVES

Renergen Limited (“Renergen”), an integrated alternative and renewable energy business listed on the
JSE’s Alt-X, today announced that its subsidiary Tetra4 (Pty) Ltd, has recently updated its methane and
helium net gas reserves based on an independent reserve review compiled by MHA Petroleum
Consultants LLC (“MHA”), a qualified reserve evaluator.

                                   Total Proved (1P)     Proved + Probable       Proved + Probable +
                                                                      (2P)             Possible (3P)
Methane (Billion cubic feet)                   40.76                138.99                    284.18
Helium (Billion cubic feet)                     1.01                  3.41                      6.86


This represents a 12.2% increase in methane and 16.1% increase in helium on a proven basis relative
to the independent review undertaken by MHA in March 2018.

MHA has approved the gas reserve estimates, in writing in advance of this announcement.

“The more geological data we collect, the more risk we remove and the better we understand how and
where to extract to maximise shareholder value. We are pleased with the trajectory of the business,
and look forward to getting into production,” said Stefano Marani (CEO).

Enquiries:
Renergen Limited                                 010 045 6000
Stefano Marani, CEO

Website:

Renergen www.renergen.co.za

Tetra4 www.tetra4.com

NOTES TO EDITORS

About Renergen

Renergen is an integrated alternative and renewable energy business that invests in early stage energy
projects across Africa and emerging markets. Its current investments include Tetra4, a natural gas and
liquefied helium company in the Free State, South Africa and additional exploration rights for natural
gas in the Evander area.

Johannesburg
4 March 2019

Designated Adviser
PSG Capital

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