Past year: ▲ 65%(36.5c – 1.34 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 May 2025annual report▼ Bad
Audited FY25 results confirm revenue R52.1m and loss of 159.10 cents per share. BDO's unmodified opinion again carries a going-concern material uncertainty tied to regulatory approvals and completing the funding initiatives.
7 May 2025regulatory community update▲ GoodMajor
On 2 May 2025 the High Court ruled the Gas Act does not apply to Tetra4's upstream production, on-site liquefaction or trading outside the piped gas industry, so no NERSA licence is needed. Helium is outside NERSA's reach. This resolves a case begun around December 2021.
30 Apr 2025annual report▼ Bad
Unaudited FY25 results: revenue R52.1m (up 79.7%), loss R236.1m (159.10 cents per share versus 75.10). LNG sales were 4,633 tonnes. Net tangible assets fell to R7.03 per share. Higher costs followed plant commissioning; audit still in progress.
28 Apr 2025other▼ Bad
JSE trading statement: loss per share for the year to 28 Feb 2025 expected at R1.52-R1.67, versus R0.751 the prior year. Figures are unaudited.
11 Apr 2025regulatory community update▲ Good
The Director-General upheld Tetra4's appeal on 9 April 2025 and revoked Springbok Solar's Section 53 approval for procedural defects, including failure to consult Tetra4. This favours Renergen in the solar dispute over its Production Right.
1 Apr 2025listing compliance notice● Neutral
ASX will lift the suspension from 2 April 2025 after Renergen lodged its quarterly report. This resolves the one-day suspension.
1 Apr 2025quarterly activities report● Neutral
Quarter to 28 Feb 2025: LNG rose 22% to 1,371 tons and first helium sale occurred after quarter-end. Springbok interdict was heard 20 Feb with judgment reserved. No drilling; liquidity plan for Phase 1C still being negotiated. Operating cash outflow R6.5m.
1 Apr 2025listing compliance notice▼ Bad
ASX suspended Renergen from 1 April 2025 for not lodging its periodic report (quarterly report) by the due date, alongside other companies.
14 Mar 2025production update▲ GoodMajor
First liquid helium container filled and collected by a customer on 13-14 March 2025, using smaller 250-500 litre Dewars after large iso-container cooling problems. This ends the long wait for a first helium sale begun with production in July 2024.
29 Jan 2025admin correction● Neutral
Cleansing notice under the Corporations Act for the 7,376,433 shares just issued, stating about A$3.29m raised and no undisclosed information. Administrative; no new business news.
29 Jan 2025capital raising announcement● NeutralMajor
Renergen issued 7,376,433 shares (5% of capital) in a private placement at R5.33, a 10% discount to the 30-day average, bringing shares to 155,047,410. Proceeds go toward Phase 1C and working capital. Price is far below R11.87 in August 2024.
13 Jan 2025other▼ Bad
Renergen responds to share price falls and press speculation: plant is making LNG and liquid helium, but the customer container cool-down continues with no end date. Plant is below nameplate, with about 75 kg/day helium. It says it has not entered business rescue discussions.
2 Jan 2025quarterly activities report● Neutral
Quarter to 30 Nov 2024: LNG 1,124 tons, down from 1,249 on maintenance. Helium is stable but no customer container filled yet. Cash is limited per the 5B; liquidity talks with lender and investors expected to conclude early 2025. Springbok interdict hearing set for February.
11 Dec 2024regulatory community update● Neutral
Renergen updates its dispute with Springbok Solar, arguing helium falls within Tetra4's Production Right and noting the new Upstream Petroleum Act, signed 25 October 2024, treats helium as petroleum. It warns that building without full Section 53 consent sets a dangerous precedent.
1 Nov 2024half year report▼ Bad
Reviewed results for six months to 31 August 2024: revenue R25.6m (up 7.7%), loss R67.5m (45.73 cents per share versus 29.91). Costs previously capitalised now hit the income statement after Phase 1 commissioning. Net tangible assets R8.31 per share.
29 Oct 2024regulatory community update▼ Bad
Renergen objects to Springbok Solar building in its Production Right area without Section 53 consent or a co-existence agreement. Springbok has separately appealed aspects of the 2012 right. Renergen wants access to its gas structures protected.
18 Oct 2024other▼ Bad
JSE trading statement: loss per share for the six months to 31 August 2024 expected at 42.7–48.7 cents, versus 29.91 cents a year earlier. Attributed to lack of helium and LNG production time during commissioning. Unreviewed by the auditor.
30 Sept 2024quarterly activities report▲ Good
Quarter to August 2024: LNG 1,249 tons, down from 1,344. Liquid helium is being produced and cooldown fell to 9 days. Two wells flowed 106,000 and 92,160 scf/d at 3.32% and 2.68% helium; both cost R8.3m.
23 Sept 2024production update▲ Good
Annual plant maintenance and Eskom power work are finished. LNG production resumed on 19 September and the helium module is being cooled to restart filling. Maintenance was run by Renergen's own teams for the first time.
2 Sept 2024debt financing● NeutralMajor
Standard Bank appointed joint underwriter for the planned Nasdaq IPO and provides a short-term loan ahead of it. CEO and COO associates pledged 17.3m shares as security, liability capped at R155m. Annual plant maintenance moved to early September.
16 Aug 2024regulatory community update● Neutral
Renergen says the appeal against its Phase 2 Environmental Authorisation did not delay Phase 2. The Minister dismissed 5 of 7 appeal grounds, but required more impact-assessment information, a 30-day review and resubmission for approval. Drilling is authorised under the 2012 Production Right.
14 Aug 2024regulatory community update▲ Good
Renergen says South African regulators investigated allegations about undisclosed directorships, JSE disclosure, IFRS compliance and wastewater discharge, and cleared the company and directors. This addresses the criticism that followed the October 2023 share price fall; the regulators' findings are not shown.
9 Aug 2024production update▲ GoodMajor
Liquid helium train is now fully operational and has been producing since 19 July 2024, building inventory for a customer iso-container due this month. Renergen took operational control from the equipment maker. This resolves the long-delayed helium commissioning, though no sale is yet reported.
29 July 2024listing compliance notice● Neutral
Renergen admits that, through administrative oversight, it did not lodge Appendix 3 director share-dealing forms with the ASX, though it had published equivalent JSE notices. The missing forms are now lodged and the disclosure policy updated.
12 July 2024other● Neutral
Appendix 4G for the year to 29 February 2024, pointing to the governance statement on the website and the integrated annual report. Administrative compliance filing with no business news.
12 July 2024other● Neutral
Corporate Governance Statement (ASX 4th edition benchmark) describing board structure and charter. Lists seven directors, with Chairman David King independent and CEO Stefano Marani separate. Compliance document with no new business news.
28 June 2024other● Neutral
Renergen's second ESG report, for 2024, with contents and introduction visible. Builds on the first report's baseline; no new financial or operational results.
28 June 2024annual report● Neutral
Integrated Annual Report 2024 released, with leadership reviews, governance, remuneration, financial statements, AGM notice and proxy form. Only the contents page is visible; no new figures shown beyond the previously released FY2024 results.
28 June 2024quarterly activities report● Neutral
Quarter to May 2024: LNG output recovered to 1,344 tons from 154. Helium integration is still being finalised before the performance test. Two new wells show flows above 100,000 scf/day each with over 3% helium. Operating cash outflow was R48.2m.
12 June 2024production update● Neutral
Liquid helium production restarted on 4 June 2024 after shutdown and checks. The equipment maker must still demonstrate stable operation before a seven-day performance test. Two independent helium consultants were hired; the CEO acknowledged commissioning is taking longer than planned.
