Not sure whether the approval of the production rights in SA...

Not sure whether the approval of the production rights in SA will set the SP on fire but one would think there would be some sort of reaction. This is well overdue and my guess is that it will come any day now ~

Gas exploration in South Africa to yield fruitful results

Joanne Taylor, 2nd December 2011

Significant gas-related developments are expected in South Africa in the coming years, as numerous new surveys have been conducted offshore in previously underexplored areas, reports exploration developer Petroleum Agency South Africa (Pasa).

Further, Pasa CEO Mthozami Xiphu says interest in the unconventional onshore gas potential of South Africa may allow for a diver- sification of the country’s energy production in the not-too-distant future.

Currently, in terms of onshore gas, there are 58 concessions and 65 applications for exploration rights in South Africa.

Xiphu says the most interesting onshore development is oil and gas company Molopo Energy’s application for production rights in Virginia, in the Free State. Molopo has negotiated a gas sales agreement with renewable-energy company Novo Energy for an initial sale of about 600 000 standard cubic feet a day of gas.

Should the rights be granted, they will be South Africa’s first onshore gas production rights. It is thought that the gas is biogenic gas, which may prove to be a renewable hydro- carbon energy source for years.

http://www.miningweekly.com/article/gas-exploration-in-south-africa-to-yield-fruitful-results-2011-12-02