This article has been translated, though I still can't make out whether it's old news or if they've actually been granted the Production License in SA. It definitely won't set the SP on fire, and it's a distraction to what's going on behind the scenes with the Mungi sales process, but at least it's another step in the right direction. Let's see if there's an announcement tomorrow!
Aussies may exploit gas in Free State
2012-03-07 04:06
Francois Williams
Cape Town. - Molopo Energy, an Australian company, has just completed a production license from the Petroleum Agency South Africa received for the extraction of methane gas in an area near Virginia in the Free State.
Mr. Mthozami Xiphu, chief executive of the agency, said at a conference here said Molopo Energy has a contract with Novo Energy concluded for the supply of gas.
According to Molopo's website he has a gas agreement with Novo Energy signed for the delivery of 16990m ³ of gas per day, as compressed natural gas for use as fuel in vehicles.
Novo Energy has an option to have an additional 232198m ³ of gas per day to buy.
Xiphu said the gas in this field biogeniese methane.
This means it is methane by the action of microorganisms in the soil surface occurred. - Francois Williams
- AFP
http://www.volksblad.com/Suid-Afrika/Nuus/Aussies-mag-gas-ontgin-in-Vrystaat-20120307
This article has been translated, though I still can't make out...
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