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RENERGEN LIMITED - R2D2 has 1.9% Helium Concentration and Good Flow

Release Date: 02/11/2021 08:30
Code(s): REN     PDF:  
Wrap Text
R2D2 has 1.9% Helium Concentration and Good Flow

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”)


Natural gas and helium producer Renergen is pleased to announce that further to the
announcement of 10 May 2021, wherein we reported that inclined well R2D2 was suspended
awaiting various approvals (after detecting gaseous odours and unquantified helium), drilling has
now been completed. Gas samples from the completed well have confirmed gas contents, with
helium of 1.9% and methane of 90.8%. Furthermore, the well is producing gas at a rate of 187,000
standard cubic feet per day, making this one of the more significant gas strikes in the Virginia
Gas Project and well above the average of 120,000 standard cubic feet per day of current wells.

“We are really pleased with this result. The helium is as expected, but more importantly the flow
rate is higher than expected and the gas intersection is almost exactly on prognosis, which
reaffirms our modelling of the predicted gas bearing structures,” said Stefano Marani, CEO.

2 November 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.

Date: 02-11-2021 08:30:00
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