white bar

SUBSIDIARY NAME

DISCOVERY INVESTMENTS (PRIVATE) LTD

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

November 24, 2021

ACQUISITION VALUATION

1.42 BILLION

TOTAL ASSET VALUATION

14.2 BILLION

ENERGY-OIL-REFINERY-GAS

DISCOVERY INVESTMENTS (PRIVATE) LTD: IIB-DG acquired DISCOVERY INVESTMENTS (PRIVATE) LTD on NOV 24, 2021. Pilot Gas Production with a 350Kva generator on site and the Report by Grant Thornton clearly demonstrates the business case. Our competitive advantage is that the extent of the resource is among the highest in the world and we are the only ones who have done extensive exploration with a proven resource of about US$15billion. The technology to be employed is the latest and cost effective.

We do not have competitors on the ground with the same vision and resource endowment.

Ravetch Investments shall house the investment and allow its subsidiary company – Discovery Investments (Private) Ltd to produce the gas. Discovery has an offtake MOU / Agreement with Lubimbi Investments (Pvt) Ltd which will own the LNG plant. There is a huge demand for LNG in South Africa, Botswana and Zambia who are willing to sign off-take agreements.

white bar