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Being listed on the JSE AltX board and with a market cap of under R1bn, Renergen is not on many investors’ radars. There is good reason to believe it will not always be the case for this alternative and renewable energy group. In August 2015, Renergen acquired a 90% stake in Molopo SA Exploration & Production, subsequently renamed Tetra4. Tetra4 is the only holder of onshore natural petroleum gas exploration rights in SA. When the deal was struck, Molopo had already proved the existence of a substantial reserve of methane gas. As a bonus the reserve also contains a high concentration of helium. Tetra4 has secured production rights over a substantial 187,000ha single block in the Free State around Virginia, Welkom and Theunissen. It also holds natural gas exploration rights over a further 98,000ha in the same area and 52,000ha around Evander, Mpumalanga.

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