FinTechFunding

Renergen: Reports encouraging gas shows from Virginia

  • LNG and helium producer Renergen (RLT) has announced an update to its current drilling operations at its Virginia Gas Project
  • Renergen has two drill rigs active on the South African based site working on two different wells
  • Then the P2V2 well is being prepared for directional drilling, after a series of delays in previous months
  • The other well, MDR1, has already subjected to directional drilling with encouraging gas shows sighted
  • In addition, Renergen has announced a three-well drilling program is due to begin in the coming weeks with a new contractor
  • Shares in Renergen are trading up 2.13 percent at $1.20 each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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