projects

We acquired 90% of Molopo South Africa Exploration and Production Proprietary Limited (“Molopo”) from Windfall Proprietary Limited (“Windfall”) in December 2015. As part of the purchase, Renergen was given ownership of Mega Power Renewables. Molopo was renamed Tetra4 Proprietary Limited (“Tetra4”).

Tetra4

Tetra4 is a natural gas and liquefied helium company situated in the Free State, South Africa.

Key features:

Key features:

  • First and only onshore petroleum production right in South Africa
  • Acquired by Molopo in November 2015
  • Production started May 2016
  • Proven reserves of methane-rich natural gas – clean substitute for transport fuel, thermal fuel and power
  • Production right issued by Department of Mineral Resources and valid for another 25 years
  • Holds a license from The National Energy Regulator of South Africa (NERSA) to store and trade in gas
  • R6.7 billion current valuation based on single production right and access to markets
  • Potential to generate returns across the beneficiation curve
  • High client density and limited competition
  • One of the richest sources of helium recorded globally
  • Holds an additional three onshore petroleum exploration rights in South Africa