Renergen General Discussion, page-775

Hi (not sure what your name is).
Covid was a huge setback for Renergen. I know this because I am in regular contact with various people at the plant. When Covid "ended" it took a long time to get the momentum going again (far longer than anticipated). Lots of other companies never survived.

Financially Covid also hit Renergen hard because months went by while large overhead costs needed to be paid. But things are coming together as evidenced by the LNG switch-on which is huge and will soon be generating welcome revenue as the contracts are already in place.

Regarding due diligence, the US initially invested $40 million for the Phase 1 operation and Notable Pioneer is RLT's biggest shareholder. They are huge players in the energy space and would certainly have done their due diligence.

3 accredited US energy experts have come our to the plant and done tests to confirm the outputs of the gas wells in terms of measured volumes and all of then gave it a thumbs up.

There is going to be a crucial shortage of Helium shortly in the US so it's not surprise that the US is be prepared to put in onother $ 500 million. They have done their due diligence.

I believe Stef when he explains where the funding will come from. He has an actuarial degree and was a banker with JP Morgan for a number if years. He is no fly by night and his knowledge of the engineering space is impressive. I am an engineer and have had many conversations with him. He does come accross as a smooth talker but that's only because he knows his stuff so well.

Exercising patience is not easy but when the Helium switch-on happens which is anticipated to take place within weeks, the need for patience will fall away and replaced by the sense that "we have arrived". If I had money to invest I would not hesitate to by Ren before any other stock. I am that confident.