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Renergen Ltd

Renergen set for horizontal well at flagship Virginia Gas Project with drilling contractor appointed

Renergen Limited (ASX:RLT) chief executive officer Stefano Marani updates Proactive on the appointment of a drilling contractor to drill a horizontal well at the flagship Virginia Gas Project in South Africa.

Renergen, which was listed on the ASX in June this year, is an emerging helium and LNG producer. It is among the few producers in the world of the highly sought after helium.

The CEO also spoke about the recent US$40 million funding from the US Government to boost progress on the Virginia project.

Quick facts: Renergen Ltd

Price: $1.20

Market: ASX
Market Cap: $120.16 m
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