“I am very excited because of the technologies we can bring to the table. We’ve got shale gas upstream experience in British Columbia,” Sasol Chief Executive David Constable said on Monday.
“We want to get involved and participate and monetize that gas in country with gas to liquid, gas to power, gas to chemicals,” he said after the group posted a 26 percent rise in half-year earnings.
Shell has applied for an exploration licence and once all of the new regulations are in place it is expected to be near the front of the line.
Constable said Sasol wanted to take part. “We are really interested in what is going in the Shell block and would love to farm in or take a piece of it. Shell is issuing profit warnings and pulling back capex right now,” he said.
......love to farm in..... Isn't CEL the only party yet to announce a farm in partner?
CEL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
