Update on R2D2 Drilling: Gas Bearing Fracture Intersected
Update on R2D2 Drilling: Gas Bearing Fracture Intersected RENERGEN LIMITED 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”) UPDATE ON R2D2 DRILLING: GAS BEARING FRACTURE INTERSECTED Natural gas and helium producer Renergen is pleased to update shareholders on the current inclined drilling programme. We are pleased to announce that the target gas-bearing fracture system has been intersected close to prognosis in the R2D2 well between MDR5 and HDR1. Gas samples will be collected and sent to the laboratory for analysis, with compositional results expected in the coming days. The forward programme is to run electric logs to ascertain the orientation of the faults and allow the team to plan on how to finish the well and maximise contact with the fracture. “This is a great result and will go a long way in helping improve the accuracy with which we identify gas-bearing structures in the reserve area while also showing the critically important feature that we may potentially be able to reduce our well spacing,” said Stefano Marani. Johannesburg 18 June 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 or images found in the PDF version posted on the Company’s website. www.renergen.co.za Date: 18-06-2021 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.