ABOUT US

OUR HISTORY

Renergen is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG). Renergen was listed on Johannesburg’s AltX securities exchange in June 2015 as South Africa’s first listed alternative and renewable energy company. Renergen listed on the Australian Securities Exchange (ASX) on the 6 June 2019, with the code RLT.

Renergen’s principal asset is its 90% shareholding in Tetra4, which holds the first and only onshore petroleum production right in South Africa, giving it first mover advantage on distribution of domestic natural gas. The production right was issued by the DMR and is valid for 23 years. Tetra4’s Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg. The exploration right covers a large area where gas emitting boreholes were identified through other mineral exploration activities. Several of these boreholes are flowing gas at high production rates, with high concentrations of helium, and have been doing so for decades. The Virginia Gas Project also benefits from being in operation, with a pilot compressing station producing CNG for use in buses in the area. Following the DMR’s award on 29 September 2017 of an Environmental Authorisation to construct all mid-stream and downstream facilities, Tetra4 has met all regulatory deliverables and contractual award of the New Plant is expected by June 2019, followed by completion and commissioning within 21 months. Tetra4 intends to decommission the compression station and begin exclusively producing LNG and liquid helium once the New Plant is operational. Tetra4’s natural gas offers a less carbon-intensive substitute for South Africa’s existing transport fuel, thermal fuel and power. The gas fields are situated in an energy scarce area, with high customer density and limited competition. The natural gas resource contains one of the richest Helium concentrations recorded globally.

Renergen is listed on Johannesburg’s AltX securities exchange as well as the Australian Securities Exchange (ASX).

Renergen’s principal asset is its 90% shareholding in Tetra4, which holds the first and only onshore petroleum production right (issued by the DMR) in South Africa which is valid for 23 years.

Tetra4’s Virginia Gas Project is located in the Free State, approximately 250 km southwest of Johannesburg. The 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.

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

SEPTEMBER 2014

Jan 1, 2014

Renergen established

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JUNE 2015

Jun 1, 2015

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

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NOVEMBER 2015

Nov 1, 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…

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MAY 2016

May 1, 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

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MAY 2016

May 24, 2016

Acquired control of Mega Power Renewables

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JANUARY 2016

Aug 6, 2016

Commenced construction of initial compression facilities for Tetra4

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OCTOBER 2016

Oct 1, 2016

Reserve Update shows 24% increase in net reserve volumes

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MARCH 2017

Mar 1, 2017

Commenced FEED for the gas reticulation pipeline

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APRIL 2017

Apr 1, 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…

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MAY 2017

May 1, 2017

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

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SEPTEMBER 2017

Sep 1, 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…

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FEBRUARY 2018

Feb 1, 2018

Disposed of Mega Power Renewables

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MARCH 2018

Mar 1, 2018

Reserve Update shows 27% increase in net reserve volumes

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MAY 2018

May 1, 2018

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

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NOVEMBER 2018

Nov 1, 2018

R125 million raised in rights offer

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FEBRUARY 2019

Feb 1, 2019

US$40 loan facility approved by OPIC

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JUNE 2019

Jun 1, 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…

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