Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: Volume

Great find.

Based on what I've read so far in the NDP, sounds like SA is committed at a minimum to pursuing the exploration of shale gas. This is very good news for Falcon. With the plan approved, we should hear positive news on the granting of exploration rights in the very near future.

Here is an excerpt from the Executive Summary-NDP 2030:

16. Enable exploratory drilling to identify economically recoverable coal seam and shale gas reserves, while environmental investigations will continue to ascertain whether sustainable exploitation of these resources is possible. If gas reserves are proven and environmental concerns alleviated, then development of these resources and gas-to-power projects should be fast-tracked.

Share
New Message
Please login to post a reply