Belgium : new reserves certification for the Group

+29% increase in 2P reserves

Pontpierre, France, September 20th, 2021 – La Française de l’Énergie (Euronext : LFDE – ISIN : FR0013030152), an energy producer with a negative carbon footprint, announces a 29% increase in certified 2P gas reserves on its concession of Anderlues, which now amount to 358 million m3.

This certification carried out by DMT, the European certification company for abandoned mine gas, which has been certifying the reserves of the Group for several years, confirms the excellent reservoir management performed by the geoscience and reservoir teams of La Française de l’Energie.

A 29% increase in 2P reserves despite a volume produced of 10 million m3 since May 2019

Originally certified at 277 million m3 in April 2019, the Belgian reserves of the Group have improved by 29% while 10 million m3 have already been recovered and produced through the 2 CHP units in Anderlues, commissioned in May 2019.

This certification supports the second phase of the development in Anderlues, with the forthcoming commissioning of 3 new CHP units on the existing site, in order to bring the total installed capacity onsite to 7.5 MW.

Following the recent acquisition of Greenhill, the Group is launching a first development of 6 CHP units as part of a new concession known as Sud de Charleroi, i.e. 9 MW which will be deployed during the first half of 2022, bringing the total installed capacity of the Group in Belgium to 16.5 MW.

La Française de l’Energie therefore confirms its objective of achieving annualized revenue of € 35 million and an EBITDA margin of over 45% by the end of 2022.

Next announcement:
Annual Results 2020/2021 October 21st, 2021