CEO Stefano Marani responds to allegations made by shareholder activist Albie Cilliers of Cilandia Capital.
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Stefano Marani is on the line now. He is the chief executive. Stefano, thank you so much for joining us tonight. There are a lot of clouds over Renergen. There seems to be a lot of negative noise. Before we go into the details, how do you view the events of the past few weeks where there has been a bit of a spat between yourself and Albie Cilliers?
The fundamentals from six weeks ago to today remain absolutely the same. We did put out a clarification statement on Sens on Monday that addresses many of these issues and hopefully puts to bed a lot of the questions raised. STEFANO MARANI: If you’re going to look at everything instantaneously at one point in time, then that statement is incorrect.
By the time we had spent the following two years after buying it, and putting in a lot of time, effort, and money in making the discoveries that we did, and the drilling and acquiring additional third-party data and borehole data from neighbouring rights, it was at that point that we managed to get an independent qualified reservoir engineer from Canada to come down, verify all of the discoveries that we’d made, and then turn it into an economically viable asset.
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