HISTORY

HISTORY

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).

JSE Share code: REN (June 2015)
ASX Share code: RLT (June 2019)
A2X Share code: REN (November 2019)

Renergen’s principal asset is its 100% shareholding in Tetra4, which holds the first and only onshore petroleum production right (issued by the The Department of Mineral Resources and Energy (DMRE)) in South Africa, giving it first mover advantage on distribution of domestic natural gas. Our Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg.

Our natural gas contains one of the richest helium concentrations recorded globally. The natural gas is also very pure with an average of over 90% methane, and almost zero higher alkanes, which reduces the complexity of liquefication. Furthermore, our natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power.

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).

JSE Share code: REN (June 2015)
ASX Share code: RLT (June 2019)

A2X Share code: REN (November 2019)

Renergen’s principal asset is its 100% shareholding in Tetra4, which holds the first and only onshore petroleum production right (issued by the The Department of Mineral Resources and Energy (DMRE)) in South Africa, giving it first mover advantage on distribution of domestic natural gas. Our Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg.

Our natural gas contains one of the richest helium concentrations recorded globally. The natural gas is also very pure with an average of over 90% methane, and almost zero higher alkanes, which reduces the complexity of liquefication. Furthermore, our natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power.

The following major milestones have been achieved throughout the life cycle of
Renergen and the Virginia Gas Project:

SEPTEMBER 2014

Renergen established.

JUNE 2015

Listed on the JSE’s AltX Exchange as first primary listed SPAC.

NOVEMBER 2015

Acquired Tetra4 and Windfall’s share of Côte d’Ivoire hydro electric joint venture (Mega Power Renewables). As a result of the acquisition, Renergen is no longer classified as a SPAC and is the first renewable energy company listed on AltX.

JANUARY 2016

Commenced construction of initial compression facilities for Tetra4.

MAY 2016

Tetra4 began production, supplying Compressed Natural Gas (CNG) to Megabus, a division of Unitrans Passenger Proprietary Limited Helium off-take agreement with Linde Group secured.

JUNE 2016

Commenced Front End Engineering and Design (FEED) for the helium liquefier.

SEPTEMBER 2016

Acquired control of Mega Power Renewables.

OCTOBER 2016

Reserve Update shows 24% increase in net reserve volumes.

MARCH 2017

Commenced FEED for the gas reticulation pipeline.

APRIL 2017

Completed and submitted the Environmental impact assessment (EIA) related to the gas pipeline reticulation network and construction of the helium facility to the competent authority for a Record of Decision (RoD) with no formal objections Continued progression of the feasibility study for Mega Power Renewables Côte d’Ivoire hydroelectric project.

MAY 2017

The EIA was submitted to the authority Renergen concludes R218 million funding with IDC.

SEPTEMBER 2017

Received a positive environmental authorisation or RoD on Tetra4’s Environmental Impact Assessment (EIA) by the Petroleum Agency of South Africa (PASA) 18 months of CNG production completed. Pipeline FEED completed LNG and helium liquefier FEED completed.

FEBRUARY 2018

Disposed of Mega Power Renewables.

MARCH 2018

Reserve Update shows 27% increase in net reserve volumes.

MAY 2018

CNG and LNG Offtake Agreement concluded with Anheuser-Busch InBev subsidiary, South African Breweries.

NOVEMBER 2018

R125 million raised in rights offer.

FEBRUARY 2019

US$40 loan facility approved by OPIC.

JUNE 2019

Listed on the ASX, raising AUD 10 million, which was twice the minimum. Selection of preferred EPC contractor for gas gathering system. Selection of preferred technology supply contractor for the LNG and LHe processing plant.

OCTOBER 2019

Second CNG filling station commissioned in JHB

NOVEMBER 2019

Consolidation of the Virginia Gas Project.

DECEMBER 2019

Gas strike with up to 12% helium recorded following successful sandstone drilling.

The following major milestones have been achieved throughout the life cycle of Renergen and the Virginia Gas Project:

SEPTEMBER 2014

Renergen established.

JUNE 2015

Listed on the JSE’s AltX Exchange as first primary listed SPAC.

NOVEMBER 2015

Acquired Tetra4 and Windfall’s share of Côte d’Ivoire hydro electric joint venture (Mega Power Renewables). As a result of the acquisition, Renergen is no longer classified as a SPAC and is the first renewable energy company listed on AltX.

JANUARY 2016

Commenced construction of initial compression facilities for Tetra4.

MAY 2016

Tetra4 began production, supplying Compressed Natural Gas (CNG) to Megabus, a division of Unitrans Passenger Proprietary Limited Helium off-take agreement with Linde Group secured.

JUNE 2016

Commenced Front End Engineering and Design (FEED) for the helium liquefier.

SEPTEMBER 2016

Acquired control of Mega Power Renewables.

OCTOBER 2016

Reserve Update shows 24% increase in net reserve volumes.

MARCH 2017

Commenced FEED for the gas reticulation pipeline.

APRIL 2017

Completed and submitted the Environmental impact assessment (EIA) related to the gas pipeline reticulation network and construction of the helium facility to the competent authority for a Record of Decision (RoD) with no formal objections Continued progression of the feasibility study for Mega Power Renewables Côte d’Ivoire hydroelectric project.

MAY 2017

The EIA was submitted to the authority Renergen concludes R218 million funding with IDC.

SEPTEMBER 2017

Received a positive environmental authorisation or RoD on Tetra4’s Environmental Impact Assessment (EIA) by the Petroleum Agency of South Africa (PASA) 18 months of CNG production completed. Pipeline FEED completed LNG and helium liquefier FEED completed.

FEBRUARY 2018

Disposed of Mega Power Renewables.

MARCH 2018

Reserve Update shows 27% increase in net reserve volumes.

MAY 2018

CNG and LNG Offtake Agreement concluded with Anheuser-Busch InBev subsidiary, South African Breweries.

NOVEMBER 2018

R125 million raised in rights offer.

FEBRUARY 2019

US$40 loan facility approved by OPIC.

JUNE 2019

Listed on the ASX, raising AUD 10 million, which was twice the minimum. Selection of preferred EPC contractor for gas gathering system. Selection of preferred technology supply contractor for the LNG and LHe processing plant.

OCTOBER 2019

Second CNG filling station commissioned in JHB

NOVEMBER 2019

Consolidation of the Virginia Gas Project.

DECEMBER 2019

Gas strike with up to 12% helium recorded following successful sandstone drilling.