CEF has completed due diligence on R1bn stake, Renergen says
Final approvals are still needed for the potential stake of 10% in the emerging gas producer, which has faced delays at its Virginia Gas Project
10 August 2022 - 10:32
Emerging natural gas and helium group Renergen says the Central Energy Fund (CEF) has completed due diligence on a potential R1bn investment that would give it a 10% stake in its project in the Free State.
Final approvals were still needed on both ends, but CEO Stefano Marani said on Wednesday that that was a major step with the state-owned firm, which has extensive experience in exploration, processing and maintenance...
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