'John Decker of South Africa’s Petroleum Agency, an arm of the Departments of Energy and Mineral Resources, said the country is expected to adopt new rules on unconventional gas exploration by the end of the year, which means the agency can recommence processing exploration applications. The southern Main Karoo Basin of South Africa is considered to highly prospective for shale gas, he said, and preliminary deterministic scenarios suggest an undiscovered technically recoverable resource on the order of tens of trillion cubic feet.'
Speaking at a conference in the USA
CEL Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
