Alternative energies group Renergen has announced its plans to dual list on the Australian Stock Exchange. It also plans a rights issue. For more on the move to the markets down under and other company developments, Stefano Marani, CEO, Renegen joins CNBC Africa for more.
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Alternative exchange (AltX) listed energy company Renergen yesterday offered more details of its previously announced R125 million rights offer as it moves towards a dual listing.
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SA Alternative energy group Renergen plans to dual list….
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ALTERNATIVE and renewable energy investment firm Renergen’s natural gas project in Virginia in the Free State is on course to commence production by the fourth quarter of 2019, chief executive Stefano Marani said yesterday.
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Renergen represents a unique opportunity for investors. The company holds the first, and currently only, onshore petroleum production right in South Africa. While it is already producing and selling gas, production is set to accelerate in the next 18 months as it moves to liquefied natural gas (LNG) production, primarily serving the growing domestic heavy duty truck market.
Click here, to view the Edison TV interview with Ian McLelland (MD Resources and Consulting), where he discusses Renergen.
Will South Africa become one of the eight countries in the world to have helium reserves, significant enough to export to the global markets? Renergen says helium production will become core to the group after the value of its helium gas reserves in Virginia in the Free State rose 27 per cent. Renergen expects to become a significant global producer of helium when its Virginia project starts production next year. Renergen CEO, Stefano Maran joins CNBC Africa for more.
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