IVZ 3.90% 7.4¢ invictus energy ltd

Ann: Placement for Mukuyu-2 Appraisal Well & Phase 2 Exploration, page-74

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  1. 116 Posts.
    lightbulb Created with Sketch. 66
    The presence of Helium elevates this from being just another oil and gas project. In South Africa Helium is a strategic resource, so everything gets fast tracked including any approvals they need.
    I've been following Renergen for a while. The United States International Development Finance Corporation (DFC) has borrowed Renergen $500mil for their Virginia project in South Africa, and Standard Bank borrowed $250mil. The DFC wants to approve any contractors used, which is reasonable for such a big sum of money. Helium opens up alternative avenues for funding that would not normally be there.

    https://www.news24.com/fin24/companies/renergen-jumps-8-after-securing-r14bn-from-the-us-govt-and-standard-bank-20230607

    Got some great info from Renergen's website
    https://www.renergen.co.za/renergen-projects/helium/

    https://hotcopper.com.au/data/attachments/5340/5340983-cc1833838178dd24c9fd2795e6929b3a.jpg


    Hopefully Zimbabwe through Invictus will be added to the map soon.

    https://hotcopper.com.au/data/attachments/5341/5341000-f18092fdcbec3012c87581bc77744e76.jpg
    The one use they left out is, everytime they lauch a rocket into outer space they burn up truck loads of helium.

 
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