Shares in South African natural gas and helium project company Renergen have recovered some lost ground in recent weeks to reach A$2.00 (US$1.49) per share, even amid a depressed national economy, after significant liquefied natural gas and helium supply agreements were signed last month.
Renergen, the emerging South African natural gas and helium company with liquefied natural gas and liquefied helium production plans, said its renewed drilling programme had progressed well as part of the Virginia Gas project at the base of the Karoo formation.
Renergen, the emerging South African natural gas and helium company with liquefied natural gas and liquefied helium production plans as part of the Virginia Gas project in the Free State, has announced very positive laboratory results on commercial helium concentrations, boosting its share price.