Renergen General Discussion, page-1977

i believe that management, according to the 31/3 Q, (looking at some of the forward statements). Are currently working on,

Integrating 3d modelling
" which may indicate a larger reservoir than previously estimated."

Concluding the drilling and pipeline for phase one...
" As the drilling of remaining
wells for Phase 1 commences, the new wells will be tied in and connected to the gas gathering
pipeline and compressor stations."

Finalising the balance of plant and utilities, essentially the civil and general construction works.

"Balance of plant and utilities
The balance of plant contract has two components namely:
1. Internal battery limit (IBL) which supplies the requisite utilities to the LNG/LHE process
plant
2. Outside battery limit (OBL) which incorporates the requisite civil and general
construction works
The IBL section was completed in August 2022 and handed over under a sectional take over
scenario. We forecast that the remaining OBL project scope will be completed within the next
quarterly reporting period and have no impact on the operations of the plant which continue...."

Maxamising the production from phase 1
"While production continues and we have beneficial use of the system, we are still in a
contractual phase with our contractors at least for the remainder of this financial year to ensure
stability of operations. That said, production has increased severalfold on a quarter-on-quarter
basis, and we expect this increasing production trend to continue until we reach full capacity
later this financial year."

There are probably lot of forward looking statements about contracts engineering and permits for phase2 as well