RENERGEN LIMITED - Inclined Well Spud

Inclined Well Spud

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”)

INCLINED WELL SPUD


Emerging domestic natural gas and helium producer Renergen is pleased to update shareholders
on the upcoming programme of inclined wells targeting the gas productive fracture systems in
the Virginia Gas Project production hub.

The Company is pleased to announce that as foreshadowed in our release of the inclined well
drilling update of 9 July 2020, the drill rig is today preparing to spud the first well in the programme.
After several weeks of very careful planning and interaction with our geological and engineering
consultants, we believe we have planned a hole which will maximise our chances of gas
intersection along the interpreted fracture systems.

“Still a month or so to wait for results before we reach the base of the Karoo, but this is a very
exciting time for the Company, especially given the progress on the construction on the plant,”
said Stefano Marani, CEO.

Periodic updates will be released as the drilling programme progresses.

Johannesburg
3 August 2020

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.

To readers reviewing this announcement, who wish to find out more about LNG and Helium,
please visit our website.

www.renergen.co.za

Date: 03-08-2020 08:30:00
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