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Renergen: Reports encouraging gas shows from Virginia | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Renergen: Reports encouraging gas shows from Virginia

By Steve Sam

November 27, 2020

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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