Some snippets of gossip news while we wait for our helium production;
Firstly, from Upstream (paywalled), Rhino is making a play;
Walk this way: Rhino targets six exploration wells in emerging natural gas-helium playPrivately-owned player has applied for trio of exploration rights in Free State and Mpumalanga provinces.
Rhino has scratched around these areas before, but recently they have had a stunning success on their Namibia offshore block, farming out to the BP/ENI joint venture, so I guess they are flush with cash and pumped up for expansion.
Hey Rhino, why don't you just come and buy RLT, kick out Slim Stef and sort it out?
Secondly, more rumours on X from Albie and others, thanks to the Phase1 plant - Joburg traders hotline;
@albie_cilliersSources say Renergen is having plant problems - AGAIN."Design" issues, Compressor off, delivering to only 1/2 customers, other reconsidering LNG as source. No Helium yet. Maybe
@StefMarani can confirm "facts or fiction" ?
@hazelwood_daveSources? Guess it's time for the old polygraph again...
@Siddels1000If true, then Renergen runs out of money within next 3 months.
@BulshitnBourbonOr... the information (perhaps false) is being leaked deliberately in order to establish who the source/leak is?
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