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Gandalf Strikes Gas And Plant Progress

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Published: 2022-06-30 09:30:58 ET
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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”)



GANDALF STRIKES GAS AND PLANT PROGRESS



Renergen is pleased to announce a new gas blower named Gandalf. Gas was intersected at
480m from surface with a flow rate of around 90,000 standard cubic feet per day. The target depth
is 1,200m, so after initial testing the well was cased in preparation to drill to the full depth. At
present the drillers are preparing to drill through the cement and further to the target depth, which
is anticipated to be complete towards the end of August.
Commissioning of the Phase 1 plant is progressing cautiously, and further to the announcement
made 30 May 2022. The progress thus far includes:
       •   Gas alarm and monitoring system testing
       •   Final insulation installation on hot conduction oil lines and cryogenic lines
       •   First fill of helium product using externally sourced helium into the system
           (approximately 250kg of high-purity helium) for pre-commissioning
       •   Helium leak tests completed and passed
       •   On-site laboratory (for testing and control of LNG and LHe product) has been
           commissioned and critical staff training complete
       •   Flare system pre-commissioned and ready for testing
       •   Main compressor building and associated structures completed and cleared ready for
           gas introduction
On completion of all of the above activities we will undertake a final risk assessment before
introducing hydrocarbon into the plant and declaring it ready for start-up (RFSU). Simultaneously
our customer sites are progressing as expected and we are confident that synchronisation of
these different project timelines will be achieved.


“Caution in commissioning has been the central theme over the past weeks, testing meticulously
and preparing before introducing hydrocarbons into the system. Delaying start-up a few weeks is
a small price to reduce the risk of catastrophic failure, and the team is satisfied with the results
being achieved,” says Stefano Marani, CEO.
Johannesburg
30 June 2022


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 and/or images which can be found in the PDF version
posted on the Company’s website.

www.renergen.co.za