1. 2016 reserve review results
5th October 2016

2. AGENDA Welcome and highlights Tetra4 operations Virginia Project
Gas reserves estimation plan
2016 Economic Assessment
Prospects
Ivory Coast
Hydro Electric Scheme

3. Welcome & highlights
Renergen has continued to deliver on its milestones:
Tetra4
Primary plant operations
Megabus Operations
Environmental Impact Assessment for pipeline nearing completion, on schedule
Improved reserve figures
Update by Venmyn
Prospects
Ivory Coast
Feasibility study on track, with the commencement of Lidar imminent

4. tetra4

5. operations Primary plant operations
Buses consistently covering 150km - 200km each per day on average
Client seeing benefits
Reduced fuel cost
Less frequent maintenance
Reduced emissions
Initial hiccup after commissioning plant resulted in downtime
Tetra4 was forced into implementing contingency plan
Client experienced zero downtime, proving contingencies are capable
Environmental Impact Assessment on track
Anticipated to commence construction of pipeline early 2017

6. PROVED DEVELOPED PRODUCING PROVED, PROBABLE + POSSIBLE
Virginia project
Net reserve volumes have increased, primarily based on drilling results during the past 12 months
Net reserve volumes have increased the total Proved plus Probable Reserves to 100,927Mmcf, an increase of 24% since the 2015 Independent Form 1 Report
Reserve volumes have been reported on a company net basis. This illustrates the amounts attributable to the company after all burdens have been accounted for
PROVED DEVELOPED PRODUCING
PROVED
PROBABLE
PROVED + PROBABLE
POSSIBLE
PROVED, PROBABLE + POSSIBLE
Company Net Gas (MMcf)
2015 -
24,830
56,478
81,308
145,721
227,029
2016
32,412
68,514
100,927
155,450
256,376
% Change 0%
31%
21%
24% 7%
13%
Tetra4 is pleased to announce the results of the latest independent reserve review of the Virginia Project.

7. Gas reserves estimation plan
Exploration focussed primarily on the drilling of four wells over the last months
This new well information allowed for the addition of a number of Probable and Possible locations adjacent to the wells as well as new Proved locations along the fault lines that were further defined by drilling

8. 2016 Economic assessment
The Net Present Value for the Virginia Project is based on the currently achievable sales prices and is presented after tax, royalties and well abandonment costs
The above figures represent in Billions (ZAR)
The total Project’s value is determined by attributing a separate value to each reserve category that is discounted by the appropriate discount rate

9. prospects
Increased proven reserves allow for meaningful power generation
With the increased proven reserves, Tetra4 is now capable of implementing power generation solutions to customers in the area
Tetra4 has now completed feasibility studies on supplying cogeneration solutions to large users in the area
Cogeneration entails the use of a gas driven power generator, capturing the exhaust heat to create steam
Due to the proximity, the solution would be off-grid and therefore significantly easier to implement
Tetra4 is in discussions on a cogeneration solution for a client

10. Ivory coast

11. Hydro electric scheme Pre-feasibility is complete
Refining financial model tariff negotiations
Refinement requires
Lidar survey to be undertaken
Geotechnical work for the dam walls
At this stage, we have no reason to believe we are not on track for a financial close during 2017

12. ENQUIRIES Renergen CapitalVoice
Stefano Marani (CEO)
Fulu Ravele (CFO)
Nick Mitchell (COO)
CapitalVoice
Johannes van Niekerk
+2882 
ENQUIRIES

13. Disclaimer
All information contained in this document is strictly confidential. This document is not for general or public dissemination or discussion. All confidential information made available to, or obtained by, any of the parties in connection with the surveys and analysis undertaken as part of this transaction, or as a result of the implementation of this investigation, of any documents pursuant hereto which are not a matter of public knowledge or lawfully available from any other source, shall be and remain confidential between the parties during the term of this project and its related investigations. The parties shall take, or cause to be taken, all such reasonable precautions as may be necessary to prevent the disclosure of any information and data made available to them in relation to this project. Additionally, the parties agree to effect similar confidentiality undertakings in writing from any staff personnel who shall in the future be involved, or any additional personnel who may become involved at any future date

14. THANK YOU