Those who picked up on Wiles (former CEO Of Eureka, taken over by Aurora)move to run Challenger Energy(Cel) are about to be rewarded , with the granting of a license in the prime area of the worlds 8th largest shale reserve and their subsequent farm in tba, This from President Zumas address to the nation last night:
We continue to explore other sources of energy, in line with the Integrated Resource Plan for Energy.
The development of petroleum, especially shale gas will be a game-changer for the Karoo region and the South African economy.
Having evaluated the risks and opportunities, the final regulations will be released soon and will be followed by the processing and granting of licenses.
takeover, page-84
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