On or about December 2021, Tetra4 initiated motion proceedings in the High Court of South Africa toseek clarification on the jurisdiction of NERSA regarding certain operational activities.
Tetra4 contendsthat these activities fall under the regulatory purview of the Production Right granted in accordance withthe Mineral and Petroleum Resources Development Act 28 of 2002. The sought-after order aims toRenergen Limited Appendix 4EAppendix 4E Page 9 28 April 2024resolve the ambiguity and potential contradictions arising from disparate sets of legislation affectingTetra4.
Notably, Tetra4 already holds all necessary licenses, and this action seeks legal clarity on theregulatory framework governing upstream versus downstream operations. The matter is now poised foradjudication, and proceedings will advance through the legal process accordingly.
This seems very carefully written. Are "certain operational procedures" the sale of helium?
RLT Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
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