Renergen incurs more debt as losses widen
The heavily indebted group secures a bridging loan amounting to R303m from Standard Bank
Emerging natural gas producer Renergen has had to take a bridging loan to cover expenses, as it reported worsening losses in the year to end-August and its listing in the US was delayed.
Renergen holds onshore exploration and production rights for more than 187,000ha of gas fields across Welkom, Virginia and Theunissen in the Free State...
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