Tetra4 Updates Methane and Helium Reserves
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
Share code: REN
(“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).
Renergen Limited 010 045 6000
Stefano Marani, CEO
NOTES TO EDITORS
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.
4 March 2019
Date: 04/03/2019 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.