RLT 4.46% 75.0¢ renergen limited

Spider,Thanks for the heads-up on the Jbg ann.For once I am...

  1. 724 Posts.
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    Spider,
    Thanks for the heads-up on the Jbg ann.
    For once I am feeling assured about the status of commissioning and the competency of the take-over staff.
    I am very curious on how the share price will respond, because it seems to have reached total capitulation.
    I fear there is Slim Stef fatigue and distrust - so many bullish announcements over the years have come to nothing.
    Still, I liked these words;

    The OEM contractor must now demonstrate that they are operating the entire plant at desired

    temperature, pressure, and production flow parameters before the Contractor is allowed to

    commence final contractual obligation of completing a Performance Test. The Performance

    Test is envisioned to run over a period of seven days and will measure several critical criteria

    that span recoverability of product, purity of product, and overall utility efficiency to ensure the

    plant performs in accordance with the original design specifications. Helium produced during

    this period will be kept in storage for supply to our customer.

    Renergen has appointed two independent helium consultants to bolster our team’s skillset for

    operation once the Performance Test is complete and the plant has been handed over. The

    consultants have a cumulative of several decades of experience in commissioning and running

    liquid helium plants around the world, in countries including Algeria, Australia, Poland, Qatar,

    Russia, and the United States. These consultants have already had the opportunity to engage

    and review the relevant design data of our process plant and assess the overall progress of

    the commissioning team on the front-end part of the process thus far. They have indicated

    that no fundamental issues are likely to exist with the plant, as we have successfully liquified

    helium from raw gas with proven repeatability, and further confirmed that the processes

    currently being followed are standard commissioning procedures for a helium plant. They

    further emphasized the importance of patience in this final stage of the commissioning

    process, as it is a crucial step in ensuring the optimal performance of the plant.


 
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