Live IPO - Renergen Ltd.
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Renergen Limited is an emerging producer of helium and liquefied natural gas (LNG), with existing production and sales of compressed natural gas (CNG).
Renergen’s principal asset is its 90% shareholding in Tetra4 Pty Ltd, 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 province of South Africa, about 250 km southwest of Johannesburg and represents a major global helium resource and a significant natural gas resource.
The gas fields are situated in an energy scarce area, with high customer density and limited competition. The natural gas contains one of the richest helium concentrations recorded globally.
Pay By: May 22
List Price: $0.80
Minimum Investment: $2,000