La Française de l’Énergie: New Reserves Certification for the Group in Belgium

La Française de l'Énergie: New Reserves Certification for the Group in Belgium

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20 Sep 2021 18:00 CEST

+29% increase in 2P reserves

Regulatory News:

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 by29% 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 21^st, 2021

Reuters code: LFDE.PA
Bloomberg code: LFDE.FP

About La Française de l'Énergie
La Française de l'Energie is an SME with a negative carbon footprint, specializing setting up decentralized energy production sites. La Française de l'Energie supplies gas, green electricity and heat to regional players, thus replacing imported energy with local, cleaner energy. La Française de l'Énergie has strong development potential and aims to become a benchmark independent player in the energy sector in Europe. The company benefits from the innovative company label awarded by Bpifrance.
More information availableon www.francaisedelenergie.fr

Disclaimer
This press release contains certain forward - looking statements and estimates concerning LFDE's financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as "anticipate," "believe," "can," "could," "estimate," "expect," "intend," "is designed to," "may," "might," "plan," "potential," "predict," "objective," "should," or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management's current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company's control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.

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Source

LA FRANCAISE DE L'ENERGIE

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BusinessWire