Renergen (ASX:RLT) announced financial results for the quarter ended 31 August 2022.
The Phase 1 plant is now producing liquefied natural gas (LNG).
The Central Energy Fund has successfully completed due diligence on the proposed acquisition of 10% of Tetra4 Proprietary Limited.
Two additional wells, Han (drilled during the quarter) and Don Vito, are being completed as gas producers.
Aeromagnetic and gravity surveys have been completed and are currently being interpreted. In parallel, existing seismic data are being re-processed to improve the imaging of potential gas-bearing structures. To date, significantly more targets than anticipated have been identified.
Following the announcement the company?s share price rose 0.816%.